Dan A. Joy - Mar 29, 2024 Form 4 Insider Report for DAVEY TREE EXPERT CO (NONE)

Role
EVP & Assistant to President
Signature
/s/Dan A. Joy/Christopher J. Bast, By Power of Attorney
Stock symbol
NONE
Transactions as of
Mar 29, 2024
Transactions value $
-$114,235
Form type
4
Date filed
3/29/2024, 12:36 PM
Previous filing
Mar 11, 2024
Next filing
Apr 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NONE Common Stock Options Exercise $55.4K +8.4K +11.18% $6.60* 83.5K Mar 29, 2024 Direct F1
transaction NONE Common Stock Disposed to Issuer -$55.4K -2.5K -2.99% $22.20* 81K Mar 29, 2024 Direct F1
transaction NONE Common Stock Tax liability -$39.4K -1.78K -2.19% $22.20* 79.3K Mar 29, 2024 Direct F2
transaction NONE Common Stock Tax liability -$74.8K -3.37K -4.25% $22.20* 75.9K Mar 29, 2024 Direct F3
holding NONE Common Stock 9.6K Mar 29, 2024 By Sons
holding NONE Common Stock 185K Mar 29, 2024 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 NONE Stock Appreciation Rights (2014) Options Exercise $0 -8.4K -100% $0.00* 0 Mar 29, 2024 Common Stock 8.4K $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 three and five years.
F4 This total reflects routine accumulation of 184,941.6437 common shares acquired through the Company's 401(K) benefit plan as of March 29, 2024, based on internal records.