Lawrence R. Evans - 20 Mar 2025 Form 4 Insider Report for DAVEY TREE EXPERT CO

Signature
/s/Lawrence R. Evans, Christopher J. Bast by Power of Attorney
Issuer symbol
N/A
Transactions as of
20 Mar 2025
Net transactions value
-$74,993
Form type
4
Filing time
24 Mar 2025, 14:52:49 UTC
Previous filing
11 Mar 2025
Next filing
24 Apr 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction Common Stock Options Exercise $37,650 +5,000 +2.2% $7.53 228,702 20 Mar 2025 Direct F1
transaction Common Stock Disposed to Issuer $37,644 -1,562 -0.68% $24.10 227,140 20 Mar 2025 Direct F1
transaction Common Stock Tax liability $28,655 -1,189 -0.52% $24.10 225,951 20 Mar 2025 Direct F2
transaction Common Stock Tax liability $46,344 -1,923 -0.85% $24.10 224,028 20 Mar 2025 Direct F3
holding Common Stock 36,772 20 Mar 2025 By 401KSOP 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 Stock Appreciation Rights (2015) Options Exercise $0 -5,000 -100% $0.000000 0 20 Mar 2025 Common Stock 5,000 $7.53 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 6, 2025, which was the tenth anniversary of the grant date. March 20, 2025 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 five years.
F4 This total reflects routine accumulation of 36,771.8957 common shares acquired through the Company's 401(K) benefit plan as of March 20, 2025, based on internal records.