Form 4: Thryv Holdings Director Lauren Vaccarello Granted 11,035 Restricted Stock Units

Thryv Holdings, Inc. Director Lauren Vaccarello was granted 11,035 restricted stock units (RSUs) on June 12, 2025, increasing her beneficial ownership to 29,370 common shares.

Summary

• Lauren Vaccarello, a Director of Thryv Holdings, Inc. (THRY), acquired 11,035 common shares.
• The acquisition occurred on June 12, 2025, and represents a grant of Restricted Stock Units (RSUs).
• These RSUs were granted under the Thryv Holdings, Inc. 2020 Incentive Award Plan.
• The RSUs are designed to vest on the anniversary of the grant date, contingent upon Ms. Vaccarello remaining in service.
• Each RSU will settle into one share of common stock, par value $0.01, three months after the reporting person separates from service.
• Following this transaction, Lauren Vaccarello's total beneficial ownership in Thryv Holdings, Inc. stands at 29,370 common shares.

Sentiment

Score: 7

Explanation: The grant of RSUs to a director is generally a positive sign, indicating alignment of interests and retention efforts, though it's a routine compensation event rather than a major strategic announcement.

Positives

• The grant of Restricted Stock Units (RSUs) to a director aligns the director's long-term interests with those of the shareholders.
• An increase in beneficial ownership by a director demonstrates continued commitment and confidence in the company's future.

Future Outlook

The Restricted Stock Units (RSUs) granted to Director Lauren Vaccarello are subject to future vesting on the anniversary of the grant date, contingent upon her continued service to Thryv Holdings, Inc. The shares will settle into common stock three months after her separation from service.

Industry Context

This Form 4 filing reflects a standard practice of equity compensation for directors in publicly traded companies, aiming to align their long-term interests with shareholder value. Such grants are common across various industries to incentivize retention and performance.

Comparison to Industry Standards

• The grant of Restricted Stock Units (RSUs) is a common form of equity compensation for directors in the technology and software industry, similar to practices at companies like HubSpot (HUBS) or Salesforce (CRM), which often use RSUs to incentivize long-term commitment and align interests with shareholders.
• The vesting schedule, tied to continued service, is a standard mechanism to ensure retention and performance, consistent with corporate governance best practices observed in comparable companies.

Corporate Governance

Stakeholder Impact

• Shareholders: The grant of RSUs to a director aligns their interests with shareholders, potentially fostering long-term value creation.
• Employees: While not directly impacting employees, the use of an incentive award plan suggests a broader framework for employee and director compensation.

Next Steps

• The granted Restricted Stock Units (RSUs) will vest on the anniversary of the grant date, provided Lauren Vaccarello remains in service.
• The RSUs will settle into common stock three months after Lauren Vaccarello separates from service.

Key Dates

Keywords

Thryv Holdings, THRY, Lauren Vaccarello, Form 4, SEC filing, Restricted Stock Units, RSU, equity compensation, director compensation, insider transaction, beneficial ownership