4/A: Thryv Holdings Executive VP John Wholey Reports Changes in Beneficial Ownership

Executive VP of Operations at Thryv Holdings, John F. Wholey, reports changes in beneficial ownership of common stock due to tax withholding and restricted stock unit grants.

Summary

• John F. Wholey, Executive VP of Operations at Thryv Holdings, filed an amended Form 4/A with the SEC.
• The report details changes in his beneficial ownership of Thryv Holdings common stock.
• On January 5, 2024, 7,982 shares were withheld by the issuer to satisfy tax obligations related to vesting restricted stock units at a price of $18.23.
• Also on January 5, 2024, 38,398 restricted stock units were granted under the company's 2020 Incentive Award Plan.
• These restricted stock units will vest in three equal annual installments starting in January 2025.
• The amended form corrects errors in the original filing related to an incorrect addition of 1,315 shares and a footnote referencing a purchase through the Employee Share Purchase Program.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing detailing stock transactions. The grant of restricted stock units is a positive sign, but the tax withholding is neutral. Overall, the sentiment is moderately positive.

Positives

• The grant of 38,398 restricted stock units to the Executive VP of Operations suggests continued investment in key personnel.
• The vesting schedule of the restricted stock units, starting in January 2025, aligns executive compensation with long-term company performance.

Future Outlook

The restricted stock units will vest in three equal annual installments beginning in January 2025.

Industry Context

Executive compensation through stock grants is a common practice in publicly traded companies to align management interests with shareholder value.

Comparison to Industry Standards

• Stock-based compensation is a standard practice among publicly listed companies, including competitors like GoDaddy and Wix.
• The vesting schedule of three years is also typical, aligning with industry norms for retaining key executives and incentivizing long-term performance.

Stakeholder Impact

• Shareholders may view the stock grants as a positive sign of management's commitment to the company's long-term success.
• Employees may be motivated by the company's investment in executive compensation.

Key Dates