Joseph R. Paul - 29 Mar 2024 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
29 Mar 2024
Net transactions value
-$538,179
Form type
4
Filing time
29 Mar 2024, 12:46:51 UTC
Previous filing
11 Mar 2024
Next filing
16 Apr 2024
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 $286,440 +43,400 +13% $6.60* 382,577 29 Mar 2024 Direct F1
transaction Common Stock Disposed to Issuer $286,447 -12,903 -3.4% $22.20* 369,674 29 Mar 2024 Direct F1
transaction Common Stock Tax liability $203,796 -9,180 -2.5% $22.20* 360,494 29 Mar 2024 Direct F2
transaction Common Stock Tax liability $47,397 -2,135 -0.59% $22.20* 358,359 29 Mar 2024 Direct F3
transaction Common Stock Tax liability $286,979 -12,927 -3.6% $22.20* 345,432 29 Mar 2024 Direct F4
holding Common Stock 22,216 29 Mar 2024 By 401(k) Plan F5

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 (2014) Options Exercise $0 -43,400 -100% $0.000000* 0 29 Mar 2024 Common Stock 43,400 $6.60 Direct
* 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, 2024, which was the tenth anniversary of the grant date. March 29, 2024 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 Payment of taxes related to PRSU and RSUs pay-out. Distribution of shares over five years.
F4 Payment of taxes related to PRSU and RSUs pay-out. Distribution of shares over three years.
F5 This total reflects routine accumulation of 22,215.5118 common shares acquired through the Company's 401(K) benefit plan as of March 29, 2024, based on internal records.