Form 4: Thryv Holdings Officer Lesley Bolger Reports Stock Disposals for Tax Obligations

Lesley Bolger, Chief Legal Officer & Human Resources and EVP, Chief Compliance Officer and Secretary of Thryv Holdings, reports disposals of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Lesley Bolger, an officer at Thryv Holdings, Inc., filed a Form 4 detailing changes in beneficial ownership.
• The report indicates the disposal of common stock to satisfy tax withholding obligations related to vesting restricted stock units.
• On January 3, 2025, 3,495 shares were disposed of at a price of $14.94.
• On January 6, 2025, two transactions occurred: 3,140 shares were disposed of at $14.96, and another 3,117 shares were disposed of at $14.96.
• Following these transactions, Bolger directly owns 75,654 shares of common stock.
• The report also notes that Bolger owns 1,228 shares purchased through the Issuer's Employee Share Purchase Program on June 28, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to tax obligations, which are neither particularly positive nor negative.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common and don't necessarily reflect a negative outlook on the company.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the slight dilution from the vesting of restricted stock units, but the disposals to cover taxes are unlikely to significantly affect the stock price.

Key Dates