Form 4: Thryv President Grant Freeman's Equity Transactions

Thryv Holdings, Inc. President Grant Freeman reported the acquisition of 120,481 restricted stock units and the disposition of 28,811 common shares for tax withholding purposes.

Summary

• Grant Freeman, President of Thryv Holdings, Inc., reported transactions involving the company's common shares.
• On January 5, 2026, 6,655 common shares were disposed of at $5.81 per share to satisfy tax withholding obligations related to restricted stock unit vesting.
• Also on January 5, 2026, an additional 9,193 common shares were disposed of at $5.81 per share for tax withholding.
• On January 6, 2026, 12,963 common shares were disposed of at $5.98 per share for tax withholding.
• A total of 28,811 common shares were disposed of for tax purposes across these dates.
• On January 5, 2026, Mr. Freeman acquired 120,481 restricted stock units (RSUs) at a price of $0.
• These RSUs were granted under the Issuer's 2020 Incentive Award Plan and are scheduled to vest in three equal annual installments beginning in January 2027.
• Following these reported transactions, Mr. Freeman beneficially owns 256,433 common shares directly.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to executive compensation (RSU grant and tax withholding), which are neutral in sentiment as they do not reflect operational performance or significant strategic shifts.

Positives

• The grant of 120,481 restricted stock units (RSUs) aligns management's interests with long-term shareholder value through future vesting.
• The RSUs were granted at a price of $0, indicating they are part of an incentive compensation plan designed to reward future performance.

Negatives

• A total of 28,811 common shares were disposed of to cover tax withholding obligations, which reduces direct share ownership.

Risks

• The value of the restricted stock units is subject to the future performance of Thryv Holdings, Inc.'s common stock.
• The vesting of the restricted stock units is contingent upon continued employment and other potential conditions of the 2020 Incentive Award Plan.

Future Outlook

The acquired restricted stock units are scheduled to vest in three equal annual installments beginning in January 2027, indicating a long-term incentive structure for the reporting person.

Industry Context

This Form 4 filing details a routine insider transaction involving equity compensation and tax-related share dispositions, which is common practice across various industries for executive compensation.

Corporate Governance

Stakeholder Impact

• Shareholders: The RSU grant aligns executive interests with long-term shareholder value, while tax-related dispositions are a routine part of equity compensation.
• Employees: The RSU grant is part of an incentive award plan, which can be a component of broader employee compensation strategies.

Next Steps

• The restricted stock units will vest in three equal annual installments beginning in January 2027.

Key Dates

Keywords

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