Brent R. Repenning - 12 May 2023 Form 4 Insider Report for DAVEY TREE EXPERT CO

Role
EVP, U.S. Utility & DRG
Signature
/s/Brent R. Repenning/Christopher J. Bast, by Power of Attorney
Issuer symbol
N/A
Transactions as of
12 May 2023
Net transactions value
-$102,876
Form type
4
Filing time
12 May 2023, 12:25:06 UTC
Previous filing
03 Apr 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 $46,400 +8,000 +6.2% $5.80* 136,540 12 May 2023 Direct F1
transaction Common Stock Sale $149,276 -8,069 -5.9% $18.50* 128,471 12 May 2023 Direct
holding Common Stock 13,785 12 May 2023 By 401(k) Plan F2

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 Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -8,000 -100% $0.000000* 0 12 May 2023 Common Stock 8,000 $5.80 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These options become exercisable in 20% installments on each anniversary of the grant date beginning June 24, 2014.
F2 This total reflects routine accumulation of 13,785.4201 common shares acquired through the Company's 401(K) benefit plan as of May 12, 2023 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.