Joe Walsh, the Chairman and CEO of Thryv Holdings, Inc., has reported two transactions involving the company's common shares. The transactions, filed on October 7, 2026, detail Walsh's disposal of shares to satisfy tax withholding obligations related to previously granted restricted stock units.
The first transaction took place on October 5, 2026, where Walsh disposed of 958 shares at a price of $1.49 per share. The second transaction occurred on October 6, 2026, involving the disposal of 1,167 shares at a price of $1.38 per share. Following these transactions, Walsh holds a total of 785,974 shares directly and 1,625,206 shares indirectly through a trust.
Background
Thryv Holdings, Inc., identified by CIK 0001556739, operates in the services-advertising sector. The company, incorporated in Delaware, has undergone name changes from Dex Media, Inc. to Newdex, Inc. before adopting its current name. Thryv is primarily known for providing marketing and business services to small businesses.
What the Filing Says
"Represents shares of common stock withheld by the Issuer to satisfy tax withholding obligations of the Reporting Person in connection with the vesting of a portion of restricted stock units previously granted to the Reporting Person."
Impact
This filing may affect perceptions among investors and analysts regarding insider confidence in Thryv Holdings. Walsh's actions to dispose of shares to meet tax obligations could be seen as a routine financial management decision rather than a sign of lack of confidence in the company's performance.
What's Next
The filing does not say what happens next.