Form 4: Thryv Holdings Executive VP Acquires Restricted Stock Units

Executive Vice President of Operations at Thryv Holdings, John F. Wholey, acquired 46,791 restricted stock units on January 6, 2025.

Summary

• John F. Wholey, Executive Vice President of Operations at Thryv Holdings, acquired 46,791 restricted stock units on January 6, 2025.
• These restricted stock units were granted under the company's 2020 Incentive Award Plan.
• The units will vest in three equal annual installments starting in January 2026.
• Following the transaction, Mr. Wholey beneficially owns 221,508 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns executive interests with company performance. There are no negative implications.

Positives

• The grant of restricted stock units aligns executive compensation with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the executive.

Future Outlook

The restricted stock units will vest in three equal annual installments beginning in January 2026, incentivizing long-term performance.

Industry Context

This type of equity grant is a common practice in corporate compensation to align executive interests with shareholder value and long-term company performance.

Comparison to Industry Standards

• Equity-based compensation, such as restricted stock units, is a standard practice among publicly traded companies like Thryv Holdings.
• Companies such as Salesforce, Oracle, and Adobe also use similar vesting schedules for their executive compensation packages.
• The three-year vesting period is a common timeframe to ensure long-term commitment from executives.

Stakeholder Impact

• The grant of restricted stock units may positively impact shareholder confidence by aligning executive interests with long-term company performance.
• Employees may view this as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

restricted stock units, executive compensation, insider trading, beneficial ownership, stock options, Thryv Holdings, equity