4/A: Thryv Holdings Executive Amends Stock Transaction Filing After Tax Withholding Error
SEC Form 4 Amendment
A Thryv Holdings executive amended a previous filing to correct the number of shares withheld for tax obligations after a restricted stock unit vesting.
Summary
- This document is an amended SEC Form 4 filing by Grant Freeman, President of Thryv Holdings, Inc.
- The amendment corrects an error in the original filing from January 9, 2024, regarding the number of shares withheld for tax obligations.
- On January 5, 2024, 3,188 shares of common stock were withheld to cover tax obligations related to the vesting of restricted stock units.
- The original filing incorrectly stated that 4,213 shares were withheld.
- After the correction, the executive beneficially owns 54,829 shares directly.
- As of January 1, 2025, the executive directly held 100,390 shares, including 1,228 shares purchased through the 2021 Employee Stock Purchase Plan.
Sentiment
Score: 7
Explanation: The document is a routine correction of a filing error, which is neither particularly positive nor negative. The correction is a good sign of compliance.
Negatives
- The original filing contained an error regarding the number of shares withheld for tax obligations.
Risks
- Errors in SEC filings can lead to scrutiny and potential regulatory issues.
- Inaccurate reporting of share ownership could affect investor confidence.
Industry Context
This type of filing is standard for corporate insiders who have transactions in their company's stock. It is a routine part of regulatory compliance.
Comparison to Industry Standards
- The filing is consistent with standard SEC reporting requirements for changes in beneficial ownership by company insiders.
- Many companies have similar filings when executives exercise stock options or have restricted stock units vest.
Stakeholder Impact
- The correction of the filing ensures accurate information is available to shareholders and the public.
Key Dates
| Date | Description |
|---|---|
| 01/05/2024 | Date of the stock transaction where shares were withheld for tax obligations. |
| 01/09/2024 | Date of the original Form 4 filing that contained an error. |
| 01/01/2025 | Date of the reported shareholding of 100,390 shares. |
| 01/07/2025 | Date of the amended filing. |
Keywords
SEC Form 4, amendment, stock transaction, tax withholding, beneficial ownership, restricted stock units, Thryv Holdings, Grant Freeman
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