James Edgar Doyle - 31 Mar 2022 Form 4 Insider Report for DAVEY TREE EXPERT CO

Role
Exec VP&GM Davey Tree Canada
Signature
/s/James Edgar Doyle/Christopher J. Bast, by Power of Attorney
Issuer symbol
N/A
Transactions as of
31 Mar 2022
Net transactions value
-$83,993
Form type
4
Filing time
01 Apr 2022, 13:09:13 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 Options Exercise $59,160 +12,000 +8.8% $4.93* 149,041 31 Mar 2022 Direct F1
transaction Common Stock Disposed to Issuer $59,169 -3,269 -2.2% $18.10* 145,772 31 Mar 2022 Direct F1
transaction Common Stock Tax liability $83,984 -4,640 -3.2% $18.10* 141,132 31 Mar 2022 Direct 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 Stock Appreciation Rights (2012) Options Exercise $0 -12,000 -100% $0.000000* 0 31 Mar 2022 Common Stock 12,000 $4.93 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, 2022, which was the tenth anniversary of the grant date. March 31, 2022 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.