Gregory M. Ina - Aug 1, 2022 Form 4 Insider Report for DAVEY TREE EXPERT CO (NONE)

Signature
/s/Gregory M. Ina/Christopher J. Bast, by Power of Attorney
Stock symbol
NONE
Transactions as of
Aug 1, 2022
Transactions value $
$72,400
Form type
4
Date filed
8/2/2022, 03:48 PM
Previous filing
Jul 15, 2022
Next filing
Jan 18, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NONE Common Stock Other $72.4K +4K +3.17% $18.10* 130K Aug 1, 2022 Direct F1
holding NONE Common Stock 27.3K Aug 1, 2022 By 401(K) Plan 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 Subscription Rights (Right to Buy) Other $0 +1.33K $0.00 1.33K Aug 1, 2022 Common Stock 1.33K $18.10 Direct F1
* 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 This total reflects routine accumulation of 27,293.1444 common shares acquired through the Company's 401(K) benefit plan as of August 1, 2022, based on internal records.