Form 4: Thryv Holdings President Receives Stock Grant

Thryv Holdings President, Grant Freeman, was granted 66,845 restricted stock units, which will vest in three equal annual installments starting in January 2026.

Summary

• Grant Freeman, President of Thryv Holdings, received 66,845 restricted stock units on January 6, 2025.
• These stock units were granted under the company's 2020 Incentive Award Plan.
• The units will vest in three equal annual installments, beginning in January 2026.
• Following this transaction, Mr. Freeman beneficially owns 155,029 common shares.

Sentiment

Score: 7

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

Positives

• The grant of restricted stock units aligns the President's interests with those of the shareholders.
• The vesting schedule encourages long-term performance and retention of the executive.

Future Outlook

The restricted stock units will vest in three equal annual installments beginning in January 2026.

Industry Context

Stock grants are a common form of executive compensation in publicly traded companies, aligning management's interests with those of shareholders.

Comparison to Industry Standards

• Stock grants are a standard practice for executive compensation across various industries.
• The vesting schedule of three years is also a common practice to ensure long-term commitment from executives.
• Companies like Oracle, Salesforce, and Adobe also use similar stock-based compensation plans for their executives.

Stakeholder Impact

• The stock grant aligns the President's interests with those of the shareholders, potentially leading to better long-term performance.
• The vesting schedule encourages long-term commitment from the executive.

Key Dates

Keywords

stock grant, restricted stock units, executive compensation, insider trading, Thryv Holdings, Grant Freeman, equity