Joseph R. Paul - 31 Mar 2023 Form 4 Insider Report for DAVEY TREE EXPERT CO

Role
EVP & CFO
Signature
/s/Joseph R. Paul, Christopher J. Bast, by Power of Attorney
Issuer symbol
N/A
Transactions as of
31 Mar 2023
Net transactions value
-$186,423
Form type
4
Filing time
03 Apr 2023, 15:33:17 UTC
Previous filing
06 Mar 2023
Next filing
13 Jul 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction Common Stock Options Exercise $239,656 +41,320 +14% $5.80 345,580 31 Mar 2023 Direct F1
transaction Common Stock Disposed to Issuer $239,649 -12,954 -3.7% $18.50 332,626 31 Mar 2023 Direct F1
transaction Common Stock Options Exercise $236,670 -12,793 -3.8% $18.50 319,833 31 Mar 2023 Direct F2
transaction Common Stock Options Exercise $10,560 +1,200 +0.38% $8.80 321,033 31 Mar 2023 Direct
transaction Common Stock Options Exercise $11,460 +1,200 +0.37% $9.55 322,233 31 Mar 2023 Direct
transaction Common Stock Options Exercise $12,660 +1,200 +0.37% $10.55 323,433 31 Mar 2023 Direct
transaction Common Stock Options Exercise $15,561 +1,286 +0.4% $12.10 324,719 31 Mar 2023 Direct
holding Common Stock 21,100 31 Mar 2023 By 401(k) Plan F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction Stock Appreciation Rights (2013) Options Exercise $0 -41,320 -100% $0.000000* 0 31 Mar 2023 Common Stock 41,320 $5.80 Direct F1
transaction Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -1,200 -100% $0.000000* 0 31 Mar 2023 Common Stock 1,200 $8.80 Direct F4
transaction Nonqualified Stock Option (Right to Buy) Options Exercise $0 -1,200 -50% $0.000000 1,200 31 Mar 2023 Common Stock 1,200 $9.55 Direct F5
transaction Nonqualified Stock Option (Right to Buy) Options Exercise $0 -1,200 -50% $0.000000 1,200 31 Mar 2023 Common Stock 1,200 $10.55 Direct F6
transaction Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -1,286 -33% $0.000000 2,572 31 Mar 2023 Common Stock 1,286 $12.10 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to their terms, Stock Appreciation Rights (SARs) were automatically exercised on March 7, 2023, which was the tenth anniversary of the grant date. March 31, 2023 is the earliest date on which the Company was able to complete SARs calculations, based on the availability of its stock price valuation.
F2 Payment of taxes in connection with SARs pay-out.
F3 This total reflects routine accumulation of 21,100.2599 common shares acquired through the Company's 401(K) benefit plan as of March 31, 2023, based on internal records.
F4 These options become exercisable in 20% installments on each anniversary of the grant date beginning June 23, 2018.
F5 These options become exercisable in 20% installments on each anniversary of the grant date beginning June 28, 2019.
F6 These options become exercisable in 20% installments on each anniversary of the grant date beginning March 7, 2020.
F7 These options become exercisable in 20% installments on each anniversary of the grant date beginning March 5, 2021.