Form 4: Thryv Holdings Executive Sells Shares to Cover Tax Obligations

A Thryv Holdings executive, Grant Freeman, sold shares to cover tax obligations related to vesting restricted stock units.

Summary

• Grant Freeman, a President at Thryv Holdings, sold a total of 12,206 common shares across three transactions.
• The sales were executed on January 3rd and January 6th, 2025.
• The shares were sold at prices of $14.94 and $14.96 per share.
• These transactions were to cover tax obligations related to the vesting of restricted stock units.
• Following these transactions, Mr. Freeman's direct holdings decreased to 88,184 common shares.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of positive or negative sentiment towards the company's performance.

Industry Context

Executive stock sales are a common occurrence, especially when tied to vesting schedules and tax obligations. This filing is a routine disclosure required by the SEC.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are a standard practice across publicly traded companies.
• Similar filings are regularly seen from executives at companies like Oracle, Salesforce, and Microsoft when their restricted stock units vest.
• The number of shares sold and the price are typical for these types of transactions and are not unusual compared to similar filings from other companies.

Stakeholder Impact

• The stock sales have a minor impact on the overall shareholding structure of the company.
• The transactions are not expected to have a significant impact on the company's operations or financial performance.

Key Dates

Keywords

insider trading, stock sale, Form 4, executive compensation, tax obligations, restricted stock units, Thryv Holdings, Grant Freeman