Patrick M. Covey - Mar 8, 2024 Form 4 Insider Report for DAVEY TREE EXPERT CO (NONE)

Signature
/s/Patrick M. Covey/Christopher J. Bast, by Power of Attorney
Stock symbol
NONE
Transactions as of
Mar 8, 2024
Transactions value $
$394,494
Form type
4
Date filed
3/11/2024, 03:13 PM
Previous filing
Jan 19, 2024
Next filing
Mar 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NONE Common Stock Award $394K +17.8K +3.61% $22.20* 510K Mar 8, 2024 Direct F1
holding NONE Common Stock 1K Mar 8, 2024 By Sons
holding NONE Common Stock 27.8K Mar 8, 2024 By 401(k) Plan F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Upon the achievement of certain performance criteria, performance restricted stock units (PRSUs) were granted pursuant to the Company's performance restricted stock unit program, are payable in common shares, will be fully vested on the earlier of (a) the third anniversary of the grant date (the transaction date herein), (b) retirement (provided that the participant has attained the age of 55 years and has had at least five years of service with the Company), (c) total or permanent disability or death, or (d) certain events of termination, and will be paid no later than March 15 following the year in which the participant retires.
F2 This total reflects routine accumulation of 27,833.4628 common shares acquired through the Company's 401(K) benefit plan as of March 11, 2024, based on internal records. The number of shares in the reporting person's 401(K) plan account has decreased due to administrative fees withheld by the plan administrator.