Thryv Holdings Replaces 2026 Short‑Term Incentive Plan with H2 2026 Bridge Plan

What Happened

• On August 10, 2026, Thryv Holdings’ Compensation Committee approved termination of the company’s 2026 Short‑Term Incentive Plan (2026 STIP) and adopted the H2 2026 Short‑Term Incentive Plan (the Bridge Plan), effective July 1, 2026.
• The change applies to all employees who were participants in the 2026 STIP immediately before the Effective Date, including the company’s Named Executive Officers. The original 2026 STIP and its targets were approved in December 2025, before Thryv’s recently announced restructuring; the Bridge Plan updates targets to reflect the revised second‑half 2026 business plan.

Key Details

• Approval date: August 10, 2026; Effective Date of Bridge Plan: July 1, 2026.
• Performance period under the Bridge Plan: July 1, 2026 – December 31, 2026 (six months).
• Target opportunity: prorated to 50% of each eligible employee’s annual target under the prior 2026 STIP to reflect the half‑year performance period.
• Other terms largely unchanged from the 2026 STIP; performance targets were updated to align with revised H2 2026 priorities. The Bridge Plan document is filed as an exhibit to the 8‑K.

Why It Matters

• This change adjusts short‑term incentive payouts to match Thryv’s revised second‑half 2026 strategy after its restructuring. For investors, it means executive and employee bonuses for 2026 will be based on updated, half‑year targets rather than the original full‑year plan.
• The prorated (50%) target reduces the size of potential payouts tied to the 2026 plan period, and updated performance metrics change how payouts will be earned — affecting compensation expense and management incentives but not reporting of periodic financial results.