Dan A. Joy - 13 May 2022 Form 4 Insider Report for DAVEY TREE EXPERT CO

Role
Ex VP Comm Lndsp/Op Supp Srvcs
Signature
/s/Dan A. Joy/Christopher J. Bast, By Power of Attorney
Issuer symbol
N/A
Transactions as of
13 May 2022
Net transactions value
-$123,480
Form type
4
Filing time
16 May 2022, 11:18:27 UTC
Previous filing
07 Mar 2022
Next filing
15 Jul 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction Common Stock Sale $47,784 -2,640 -2.2% $18.10* 114,844 13 May 2022 Direct
transaction Common Stock Options Exercise $15,060 +2,000 +1.7% $7.53* 116,844 13 May 2022 Direct
transaction Common Stock Options Exercise $32,720 +4,000 +3.4% $8.18* 120,844 13 May 2022 Direct
transaction Common Stock Options Exercise $27,840 +4,800 +4% $5.80* 125,644 13 May 2022 Direct F1
transaction Common Stock Options Exercise $0 -1,538 -1.2% $0.000000 124,106 13 May 2022 Direct F2
transaction Common Stock Options Exercise $0 -990 -0.8% $0.000000 123,116 13 May 2022 Direct F3
transaction Common Stock Sale $151,316 -8,360 -6.8% $18.10* 114,756 13 May 2022 Direct
holding Common Stock 8,000 13 May 2022 By Sons
holding Common Stock 181,736 13 May 2022 By 401(k) Plan F4

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 -2,000 -100% $0.000000* 0 13 May 2022 Common Stock 2,000 $7.53 Direct F5
transaction Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -4,000 -100% $0.000000* 0 13 May 2022 Common Stock 4,000 $8.18 Direct F6
transaction Stock Appreciation Rights (2013) Options Exercise $0 -4,800 -100% $0.000000* 0 13 May 2022 Common Stock 4,800 $5.80 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Exercise of SARs.
F2 Deemed disposition back to the company upon exercise of Stock Settled Appreciation Rights (SARs).
F3 Payment of taxes in connection with SARs pay-out.
F4 This total reflects routine accumulation of 181,735.9465 common shares acquired through the Company's 401(K) benefit plan as of May 13, 2022, based on internal records.
F5 These options become exercisable in 20% installments on each anniversary of the grant date beginning June 29, 2016.
F6 These options become exercisable in 20% installments on each anniversary of the grant date beginning June 28, 2017.
F7 These stock appreciation rights become exercisable in five equal annual installments beginning on the first anniversary of the grant date.