Form 4: Thryv Holdings Director John Slater Granted 11,035 Restricted Stock Units

Thryv Holdings, Inc. Director John Slater was granted 11,035 restricted stock units (RSUs) on June 12, 2025, increasing his beneficial ownership to 31,870 common shares.

Summary

• John Slater, a Director of Thryv Holdings, Inc. (THRY), acquired 11,035 common shares on June 12, 2025.
• These shares were acquired as Restricted Stock Units (RSUs) under the Thryv Holdings, Inc. 2020 Incentive Award Plan.
• The RSUs vest on the anniversary of the grant date, provided Mr. Slater remains in service.
• Each RSU will settle into one share of common stock three months after Mr. Slater separates from service.
• Following this transaction, John Slater beneficially owns 31,870 common shares of Thryv Holdings, Inc.

Sentiment

Score: 7

Explanation: The grant of RSUs to a director is generally a positive signal, aligning management interests with shareholders and indicating continued commitment. It's a routine compensation event, not a major strategic shift, hence a moderately positive score.

Positives

• The grant of Restricted Stock Units (RSUs) to Director John Slater aligns his interests with long-term shareholder value, as the units vest over time and convert to common stock.
• The increase in beneficial ownership by a director demonstrates continued commitment to the company.

Risks

• The value of the RSU grant is subject to the future performance of Thryv Holdings, Inc.'s common stock price.
• Vesting of the RSUs is contingent upon John Slater remaining in service, posing a risk if his service terminates prematurely.

Future Outlook

The document indicates future vesting of Restricted Stock Units (RSUs) on the anniversary of the grant date, contingent on the director's continued service, with settlement into common stock three months after separation from service.

Industry Context

This Form 4 filing reports an equity grant to a director, which is a common practice across industries for executive and director compensation, aiming to align their interests with shareholders. It does not provide broader industry trends or competitive analysis.

Comparison to Industry Standards

• Equity grants, particularly Restricted Stock Units (RSUs), are a standard component of director compensation packages across publicly traded companies.
• The specific size of the grant (11,035 units) and the total beneficial ownership (31,870 shares) for a director at Thryv Holdings, Inc. would typically be evaluated against peer companies in the software and digital marketing services sector, such as GoDaddy Inc. (GDDY), Wix.com Ltd. (WIX), or HubSpot, Inc. (HUBS), to assess if it falls within typical compensation ranges and ownership levels for similar roles and company sizes. Without specific peer compensation data, a direct quantitative comparison is not possible from this document alone.

Corporate Governance

Stakeholder Impact

• **Shareholders**: The grant of RSUs to a director aligns their interests with shareholders by tying compensation to the company's stock performance and long-term value creation.
• **Employees**: While this specific filing is about a director, the underlying 2020 Incentive Award Plan may also apply to other employees, potentially impacting their compensation structure and retention.

Next Steps

• The Restricted Stock Units (RSUs) are expected to vest on the anniversary of the grant date, contingent on John Slater's continued service.
• The RSUs will settle into common stock three months after John Slater separates from service.

Key Dates

Recommendation

Keywords

Thryv Holdings, THRY, SEC Form 4, Restricted Stock Units, RSU, equity grant, insider transaction, director compensation, stock ownership, corporate governance