Form 4: Thryv Holdings Director Ryan Ohara Receives Significant RSU Grant

Thryv Holdings, Inc. Director Ryan Ohara was granted 11,035 restricted stock units (RSUs) on June 12, 2025, increasing his beneficial ownership to 31,620 common shares.

Summary

• Ryan Ohara, 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. Ohara remains in service.
• Each RSU will settle into one share of common stock three months after Mr. Ohara separates from service.
• Following this transaction, Mr. Ohara's total beneficial ownership of Thryv Holdings common shares is 31,620.
• The acquisition price for these RSUs was $0, typical for incentive grants.

Sentiment

Score: 7

Explanation: The grant of Restricted Stock Units (RSUs) to a director is a positive step for corporate governance, aligning the director's financial interests with the long-term performance of the company. It is a routine and expected compensation mechanism.

Positives

• The grant of 11,035 Restricted Stock Units (RSUs) to Director Ryan Ohara aligns his interests with those of shareholders, as his compensation is tied to the company's long-term performance.
• The increase in beneficial ownership to 31,620 shares demonstrates continued commitment from a key board member.

Risks

• The value of the granted RSUs and the director's beneficial ownership is subject to the market performance of Thryv Holdings, Inc. common shares.
• Vesting of the RSUs is contingent upon continued service, meaning the director would forfeit unvested units if they leave the company before the vesting date.

Future Outlook

The document indicates that the granted Restricted Stock Units (RSUs) will vest on the anniversary of the grant date, contingent on the director's continued service. Settlement into common shares will occur three months after the reporting person separates from service.

Industry Context

This Form 4 filing details a routine insider transaction, specifically an equity grant to a director. Such grants are a common practice across industries for executive and director compensation, aiming to align the interests of management and board members with those of shareholders by tying a portion of their compensation to the company's stock performance.

Corporate Governance

Related Party Transactions

• This filing reports a related party transaction, specifically the grant of equity compensation (Restricted Stock Units) from Thryv Holdings, Inc. to its Director, Ryan Ohara.

Stakeholder Impact

• Shareholders: The grant of RSUs to a director helps align the director's financial interests with shareholder value, potentially encouraging decisions that benefit the company's stock performance.
• Employees: While not directly impacting all employees, the existence of an Incentive Award Plan suggests a framework for employee equity compensation, which can be a positive for retention and motivation.

Next Steps

• The Restricted Stock Units (RSUs) are scheduled to vest on the anniversary of the grant date, provided the director remains in service.
• Each RSU will settle into one share of common stock three months after the reporting person separates from service.

Key Dates

Keywords

Thryv Holdings, THRY, Form 4, Restricted Stock Units, RSU, Insider Transaction, Director Compensation, Equity Grant, Stock Ownership, Corporate Governance