Form 4: Thryv Holdings Director Bonnie Kintzer Reports Acquisition of Restricted Stock Units

Thryv Holdings, Inc. Director Bonnie Kintzer reported the acquisition of 11,035 restricted stock units (RSUs) on June 12, 2025, increasing her beneficial ownership to 30,207 common shares.

Summary

• Bonnie Kintzer, a Director of Thryv Holdings, Inc. (THRY), acquired 11,035 common shares in the form of Restricted Stock Units (RSUs).
• The transaction occurred on June 12, 2025.
• These RSUs were granted under the Thryv Holdings, Inc. 2020 Incentive Award Plan.
• The RSUs vest on the anniversary of the grant date, contingent on continued service.
• Each RSU settles into one share of common stock, par value $0.01, three months after the reporting person separates from service, subject to the terms and conditions set forth in the Plan.
• Following this transaction, Bonnie Kintzer's total beneficial ownership stands at 30,207 common shares.

Sentiment

Score: 7

Explanation: The grant of Restricted Stock Units to a director is a routine compensation event that aligns the director's interests with the company's long-term performance. It is generally viewed as a positive sign of commitment and retention, though not a significant market-moving event.

Positives

• The grant of Restricted Stock Units (RSUs) aligns the director's interests with long-term shareholder value.
• Increased beneficial ownership by a director can indicate confidence in the company's future prospects.

Risks

• The vesting of the 11,035 RSUs is contingent on Bonnie Kintzer remaining in service, meaning the full value is not immediately realized.
• The ultimate value of the RSUs is tied to the future market price of Thryv Holdings, Inc. common stock, which is subject to market fluctuations and business performance.

Future Outlook

The document does not provide a general future outlook for Thryv Holdings, Inc., but it details the future vesting schedule and settlement conditions for the granted Restricted Stock Units.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction related to director compensation. It does not provide broader industry context or trends.

Corporate Governance

Related Party Transactions

• The grant of 11,035 Restricted Stock Units to Bonnie Kintzer, a Director, constitutes a related party transaction as it involves compensation provided by the company to a member of its board of directors.

Stakeholder Impact

• Shareholders: The RSU grant further aligns the director's financial interests with the long-term performance of the company, potentially benefiting shareholders through improved governance and strategic decisions.
• Employees: The grant is part of an incentive plan, which may reflect a broader compensation strategy for key personnel, potentially impacting employee morale and retention.

Next Steps

• The 11,035 RSUs are scheduled to vest on the anniversary of the grant date, provided Bonnie Kintzer remains in service.
• The RSUs will settle into common stock three months after Bonnie Kintzer separates from service, subject to the terms of the 2020 Incentive Award Plan.

Key Dates

Recommendation

Keywords

Thryv Holdings, THRY, SEC Form 4, Restricted Stock Units, RSU, Insider Transaction, Director Compensation, Stock Grant, Beneficial Ownership