Form 4: Thryv Holdings Director Heather Zynczak Reports Changes in Beneficial Ownership

Heather Zynczak, a director at Thryv Holdings, reported the acquisition of 7,364 common shares and disposal of 19,175 common shares on June 13, 2024, according to a Form 4 filing.

Summary

• On June 13, 2024, Heather Zynczak, a director of Thryv Holdings, Inc., reported changes in beneficial ownership of the company's common shares.
• Zynczak acquired 7,364 common shares through restricted stock units (RSUs) granted under the company's 2020 Incentive Award Plan.
• The RSUs vest on the anniversary of the grant date, contingent upon continued service.
• Each RSU will settle into one share of common stock three months after the reporting person separates from service.
• Zynczak also disposed of 19,175 common shares.
• Following these transactions, Zynczak directly owns 19,175 common shares.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports changes in beneficial ownership.

Future Outlook

The RSUs vest on the anniversary of the grant date, provided the person remains in service, and settle into common stock three months after separation from service, subject to the terms and conditions set forth in the Plan.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders (directors, officers, and principal stockholders) of publicly traded companies, providing transparency into their transactions in the company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The transactions may have a minor impact on the stock price, but are unlikely to be significant.

Key Dates