Form 4: Thryv Holdings Officer Reports Stock Transactions

Thryv Holdings' Chief Legal Officer, Lesley Bolger, reported the acquisition of 84,337 restricted stock units and the disposition of 18,026 shares for tax withholding related to RSU vesting.

Summary

• Lesley Bolger, Chief Legal Officer & Human Resources and EVP, Chief Compliance Officer and Secretary of Thryv Holdings, Inc. (THRY), reported several transactions.
• On January 5, 2026, 5,047 shares of common stock were disposed of at $5.81 per share to satisfy tax withholding obligations related to restricted stock unit (RSU) vesting.
• Also on January 5, 2026, an additional 6,099 shares of common stock were disposed of at $5.81 per share for tax withholding related to RSU vesting.
• On January 6, 2026, 6,880 shares of common stock were disposed of at $5.93 per share for tax withholding related to RSU vesting.
• On January 5, 2026, 84,337 restricted stock units were acquired at a price of $0. These RSUs were granted under the Issuer's 2020 Incentive Award Plan and will vest in three equal annual installments beginning in January 2027.
• Following these transactions, Lesley Bolger beneficially owns 201,089 shares of common stock.
• The beneficial ownership includes 379 shares purchased on December 31, 2025, through the Issuer's Employee Share Purchase Program.

Sentiment

Score: 7

Explanation: The filing reports routine insider transactions, including a significant restricted stock unit grant which positively aligns executive incentives with shareholder interests, and expected tax-related share dispositions upon vesting. This indicates stable executive compensation practices without suggesting any immediate positive or negative operational performance.

Positives

• Lesley Bolger received a grant of 84,337 restricted stock units, aligning executive incentives with shareholder interests.
• The restricted stock units will vest over three years, indicating a long-term commitment and retention strategy for key management.

Future Outlook

The 84,337 restricted stock units granted will vest in three equal annual installments, with the first installment beginning in January 2027.

Industry Context

This Form 4 filing represents a routine disclosure of insider transactions, specifically related to executive compensation in the form of restricted stock unit grants and subsequent tax-related share dispositions. Such filings are standard practice across all industries for publicly traded companies to ensure transparency regarding executive stock ownership and compensation.

Corporate Governance

Stakeholder Impact

• Shareholders: The grant of restricted stock units to a key executive aligns management's financial interests with long-term shareholder value creation.
• Employees: The Employee Share Purchase Program (ESPP) mentioned indicates opportunities for broader employee ownership, fostering engagement.

Next Steps

• The 84,337 restricted stock units will begin vesting in three equal annual installments starting in January 2027.

Key Dates

Keywords

Thryv Holdings, THRY, Form 4, Insider Transaction, Restricted Stock Units, RSU, Executive Compensation, Stock Grant, Tax Withholding