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Get filing alertsThryv scraps 2026 incentive plan, installs 6-month bridge plan after restructuring
Filed August 11, 2026 · Period ending August 10, 2026 · ~1 min read
Key Changes
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medium
Compensation Committee terminated the full-year 2026 incentive plan and replaced it with a bridge plan covering only July–December 2026, applying to all employees including executive officers.
Item 5.02 verify on EDGAR → -
medium
Performance targets updated to reflect the company's revised second-half business plan and operating priorities following the recently announced restructuring.
Item 5.02 verify on EDGAR → -
low
Target incentive opportunities set at 50% of original annual targets, proportional to the six-month performance period.
Item 5.02 verify on EDGAR →
Summary
Thryv terminated its 2026 annual incentive plan mid-year and replaced it with a six-month bridge plan effective July 1, 2026. The change follows a recently announced restructuring that altered the company's second-half business plan and operating priorities. The original performance targets, set in December 2025, no longer aligned with post-restructuring goals, prompting the Compensation Committee to reset metrics for the remainder of the year.
The bridge plan covers July through December 2026 and applies to all employees who participated in the original plan, including named executive officers. Target opportunities are set at 50% of the original annual targets, maintaining the same annualized incentive structure while adjusting for the shortened timeframe. This is a routine governance matter reflecting the company's need to align compensation with revised operating priorities following a material business change.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Thryv terminated its 2026 annual incentive plan and replaced it with a 6-month bridge plan reflecting post-restructuring priorities.
Added in current filing · verify on EDGAR →
On August 10, 2026, the Compensation Committee (the “Committee”) of the Board of Directors of Thryv Holdings, Inc. (the “Company”) approved the termination of the Company’s 2026 Short-Term Incentive Plan (the “2026 STIP”) and the replacement thereof with the H2 2026 Short-Term Incentive Plan (the “Bridge Plan”), effective as of July 1, 2026 (the “Effective Date”), for all employees of the Company who were participants in the 2026 STIP as of immediately prior to the Effective Date, including each of the Company’s Named Executive Officers.
The Compensation Committee terminated the company's full-year 2026 incentive plan and replaced it with a new six-month plan covering July through December 2026. The change applies to all employees who participated in the original plan, including executive officers. The replacement was driven by a recently announced restructuring that changed the company's second-half business plan and priorities.
Added in current filing · verify on EDGAR →
The performance period under the Bridge Plan will cover only the period from July 1, 2026 through December 31, 2026, instead of the full year 2026, as was the applicable performance period under the 2026 STIP.
The new incentive plan covers only the second half of 2026 rather than the full year. This shortened performance period reflects the mid-year restructuring and the need to align incentives with revised operating priorities for the remainder of the year.
Added in current filing · verify on EDGAR →
Performance targets have been updated to reflect the Company's revised second-half 2026 business plan and operating priorities
The specific performance metrics and targets under the new plan have been revised to align with the company's post-restructuring business plan. The original targets were set in December 2025 before the restructuring was announced and no longer reflect current priorities.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 12, 2026 · How we verify