Form 4: Thryv Holdings Director Lou Orfanos Granted Over 11,000 Restricted Stock Units

Thryv Holdings, Inc. Director Lou Orfanos was granted 11,035 restricted stock units (RSUs) under the company's 2020 Incentive Award Plan, vesting in full on June 12, 2026.

Summary

• Lou Orfanos, a Director of Thryv Holdings, Inc. (THRY), acquired 11,035 common shares in the form of Restricted Stock Units (RSUs).
• The transaction date for this acquisition was June 12, 2025.
• These RSUs were granted at a price of $0 per unit, which is typical for equity compensation grants.
• The RSUs are part of the Issuer's 2020 Incentive Award Plan.
• The 11,035 RSUs will vest in full on June 12, 2026.
• Following this transaction, Lou Orfanos beneficially owns 11,035 common shares directly.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive as it indicates alignment of a director's interests with shareholders through equity compensation, a standard corporate governance practice. It is not highly impactful on its own.

Positives

• The grant of restricted stock units to a director aligns their interests with those of shareholders, as the value of the compensation is tied to the company's stock performance.
• Equity grants are a common method of incentivizing and retaining key personnel, including directors.

Future Outlook

The 11,035 restricted stock units granted to Director Lou Orfanos are scheduled to vest in full on June 12, 2026, indicating a future milestone for this equity compensation.

Industry Context

This Form 4 filing represents a routine insider transaction, specifically an equity grant to a director, which is a standard practice across various industries for executive and board compensation. It does not provide insights into broader industry trends or competitive dynamics.

Corporate Governance

Related Party Transactions

• The grant of 11,035 Restricted Stock Units to Director Lou Orfanos is a related-party transaction, representing equity compensation from the company to a member of its board of directors.

Stakeholder Impact

• Shareholders: The grant of RSUs to a director can be viewed positively as it aligns the director's financial incentives with the company's long-term performance, potentially benefiting shareholders if the stock price increases.
• Employees: No direct impact on employees is indicated by this specific filing.

Next Steps

• The 11,035 restricted stock units granted to Director Lou Orfanos are expected to vest in full on June 12, 2026.

Key Dates

Keywords

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