Brent R. Repenning - Mar 31, 2023 Form 4 Insider Report for DAVEY TREE EXPERT CO (NONE)

Signature
/s/Brent R. Repenning/Christopher J. Bast, by Power of Attorney
Stock symbol
NONE
Transactions as of
Mar 31, 2023
Transactions value $
-$30,320
Form type
4
Date filed
4/3/2023, 03:41 PM
Previous filing
Mar 6, 2023
Next filing
May 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NONE Common Stock Options Exercise $46.4K +8K +6.42% $5.80* 133K Mar 31, 2023 Direct F1
transaction NONE Common Stock Disposed to Issuer -$46.4K -2.51K -1.89% $18.50* 130K Mar 31, 2023 Direct F1
transaction NONE Common Stock Options Exercise -$30.3K -1.64K -1.26% $18.50* 129K Mar 31, 2023 Direct F2
holding NONE Common Stock 13.8K Mar 31, 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 NONE Stock Appreciation Rights (2013) Options Exercise $0 -8K -100% $0.00* 0 Mar 31, 2023 Common Stock 8K $5.80 Direct F1
* 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 13,793.8866 common shares acquired through the Company's 401(K) benefit plan as of March 31, 2023, based on internal records.