Form 4: Thryv Holdings Director Ryan Ohara Reports Changes in Beneficial Ownership

Director Ryan Ohara reports acquisition and disposal of Thryv Holdings common shares and grant of restricted stock units.

Summary

• On June 13, 2024, Ryan Ohara, a director of Thryv Holdings, Inc., reported changes in beneficial ownership.
• Ohara acquired 7,364 common shares at $0 and disposed of 20,585 common shares.
• Following the transaction, Ohara beneficially owns 20,585 common shares.
• Ohara was also granted restricted stock units (RSUs) under the Thryv Holdings, Inc. 2020 Incentive Award Plan.
• These RSUs vest on the anniversary of the grant date, contingent upon continued service.
• Each RSU settles into one share of common stock three months after the reporting person separates from service.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing, indicating standard insider activity. The sentiment is neutral as it reflects compliance rather than strategic shifts.

Positives

• The grant of RSUs to a director aligns their interests with the long-term performance of the company.

Future Outlook

The vesting of RSUs is contingent upon continued service, suggesting an expectation of continued involvement by the director.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Comparison to Industry Standards

• Insider transactions are common across publicly traded companies, and the reporting requirements are standardized by the SEC.
• The use of restricted stock units (RSUs) as part of executive compensation is a widespread practice, aligning management's interests with shareholder value.
• Companies like Oracle, Microsoft, and Apple also use RSUs as part of their compensation packages for executives and directors.

Stakeholder Impact

• Shareholders are informed about changes in insider ownership, providing transparency.

Key Dates