James Edgar Doyle - Mar 31, 2023 Form 4 Insider Report for DAVEY TREE EXPERT CO (NONE)

Role
EVP & GM, Canada Operations
Signature
/s/James Edgar Doyle/Christopher J. Bast, by Power of Attorney
Stock symbol
NONE
Transactions as of
Mar 31, 2023
Transactions value $
-$80,990
Form type
4
Date filed
4/3/2023, 03:24 PM
Previous filing
Mar 6, 2023
Next filing
Apr 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NONE Common Stock Options Exercise $69.6K +12K +8.2% $5.80* 158K Mar 31, 2023 Direct F1
transaction NONE Common Stock Disposed to Issuer -$69.6K -3.76K -2.38% $18.50* 155K Mar 31, 2023 Direct F1
transaction NONE Common Stock Options Exercise -$81K -4.38K -2.83% $18.50* 150K Mar 31, 2023 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 NONE Stock Appreciation Rights (2013) Options Exercise $0 -12K -100% $0.00* 0 Mar 31, 2023 Common Stock 12K $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.