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    Joseph A. Walsh

    Chairman of the Board and Chief Executive Officer (Principal Executive Officer) at Thryv Holdings Inc
    Board
    Since N/A
    Age
    61 years

    Also at Thryv Holdings Inc

    GF
    Grant Freeman
    President
    JW
    John Wholey
    Chief Operations & Information Officer and Executive Vice President
    LB
    Lesley Bolger
    Chief Legal Officer & Human Resources and Executive Vice President; Chief Compliance Officer and Secretary

    About

    Joseph A. Walsh currently serves as the Chairman of the Board and Chief Executive Officer (Principal Executive Officer) at Thryv Holdings, Inc. At 61 years old , he plays a pivotal role in overseeing the company’s strategic direction and financial performance.

    Throughout various fiscal periods, he has certified multiple financial reports including the Annual Report on Form 10-K and Quarterly Reports on Form 10-Q for fiscal year 2024, demonstrating his hands-on involvement in financial oversight and corporate governance.

    Detailed personal background, education, and comprehensive career milestones prior to his current role are not disclosed in the available documents, leaving a gap in the broader overview of his professional journey.

    $THRY Performance Under Joseph A. Walsh

    Past Roles

    OrganizationRoleDate RangeDetails
    Cambium Learning Group Chairman June 2012 to December 2018 Leading educational technology company
    Yellowbook, Inc. President and Chief Executive Officer N/A No specific date information provided

    External Roles

    OrganizationRoleDate RangeDetails
    Walsh Partners Chief Executive Officer and Chairman Since January 2012 Private company focused on investments and advisory services

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$1,060,900AnnualChairman and CEO 2023
    401(k) Matching Contributions$15,840As per plan requirementsCompany matching contribution under the tax-qualified 401(k) plan
    Allowance$30,000AnnualExpense allowance for remote office and miscellaneous expenses
    Executive Physicals$7,477ReimbursedPayment to reimburse the cost of a comprehensive medical examination

    Performance Compensation

    Data from  FY 2023

    Short-Term Incentive Plan (STI)

    Metric/DetailValueUnit/Note
    Performance MetricsEBITDA, FCF, SaaS Revenue, Individual PerformanceEach financial metric weighted at 25% and individual performance at 25%
    Threshold$344,793Dollar amount
    Target$1,060,900Dollar amount
    Maximum$1,392,431Dollar amount
    Actual STI Payout$1,259,819Dollar amount
    Vesting Schedule/Payment TimingNo vesting – paid annuallyCash incentive; target set at 100% of base salary

    Over Performance Plan (OPP)

    Metric/DetailValueUnit/Note
    Performance Metrics & WeightsEBITDA (30%), FCF (40%), SaaS Net Revenue (30%)Specific thresholds and payout rates apply
    EBITDA Threshold / Achieved$187.50M / $187.52MPayout incentive of 1.0%
    FCF Threshold / Achieved$102.00M / $114.80MPayout incentive of 86.0%
    Reported SaaS Net Revenue Threshold / Achieved$260.50M / $263.72MPayout incentive of 21.5%
    Total OPP Payout$437,091Dollar amount; incentive only paid if STI exceeds maximum performance
    Cap200% of STI targetOverall cash incentive cap

    Restricted Stock Units (RSU)

    Metric/DetailValueUnit/Note
    Grant DateJanuary 5, 2023Date
    Grant Date Fair Value$1,050,000Dollar amount
    Number of RSUs Granted54,460 unitsShare count
    Vesting Schedule35% of total equity grant; cliff vest on January 5, 2024 then monthly (1/36 increments over 24 months)Time-based award
    Performance MetricsN/ATime-based award, no performance conditions

    Performance Stock Units (PSU)

    Metric/DetailValueUnit/Note
    Grant DateJanuary 5, 2023Date
    Grant Date Fair Value$1,950,000Dollar amount
    Performance Metrics & WeightsrTSR: 30%, aTSR: 30%, SaaS Revenue CAGR: 40%rTSR (Threshold: 40th, Target: 50th, Maximum: 65th) ; aTSR (Threshold: 8.0%, Target: 10.0%, Maximum: 12.5%); SaaS CAGR (Threshold: 15%, Target: 18%, Maximum: 22%)
    Payout Range0% to 150% of target awardBased on performance relative to thresholds
    Vesting ScheduleVests on January 5, 2026Following a 3-year performance period (January 1, 2023 – December 31, 2025)

    These performance compensation components for 2023 align executive incentives with corporate performance and shareholder value, combining cash incentives (STI and OPP) with equity awards (RSU and PSU) with clearly defined performance metrics, thresholds, and vesting conditions.