Catherine M. Kilbane - 15 Nov 2023 Form 4 Insider Report for DAVEY TREE EXPERT CO

Role
Director
Signature
/s/Catherine M. Kilbane/Christopher J. Bast, By Power of Attorney
Issuer symbol
N/A
Transactions as of
15 Nov 2023
Net transactions value
+$8,616
Form type
4
Filing time
17 Nov 2023, 12:01:55 UTC
Previous filing
18 May 2023
Next filing
13 May 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction Common Stock Options Exercise $8,616 +476 +2.2% $18.10 22,185 15 Nov 2023 Direct F1, 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 Subscription Rights (Right to Buy) Options Exercise $0 -476 -29% $0.000000 1,191 15 Nov 2023 Common Stock 476 $18.10 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported stock subscription rights to purchase shares of the Company's common stock were acquired in the Company's stock subscription offering to employees and non-employee directors in accordance with the provisions of The Davey Tree Expert Company 2014 Omnibus Stock Plan (the "Plan"). All participants in the offering purchasing in excess of $5,000 of common stock were granted a "right" to purchase one additional share of common stock, at a price of $18.10 per share, for every three shares of common stock purchased under the Plan. Each "right" may be exercised at the rate of 1/7 per year beginning on August 1, 2022 and will expire on July 31, 2029.
F2 All share totals and prices reflect a 2-for-1 stock split effective October 1, 2021. Ms. Kilbane's total shares were not previously adjusted for this stock split for Form 4 filing dated May 19, 2022 - 14,655 split-adjusted share total; Form 4 dated August 2, 2022 - 19,655 split-adjusted share total; Form 4 dated May 18, 2023 - 21,709 split-adjusted share total