Joseph Edward Day - May 24, 2023 Form 4 Insider Report for DAVEY TREE EXPERT CO (NONE)

Role
EVP, US Residential Operations
Signature
/s Joseph Edward Day/Christopher J. Bast, by Power of Attorney
Stock symbol
NONE
Transactions as of
May 24, 2023
Transactions value $
$23,200
Form type
4
Date filed
5/24/2023, 03:32 PM
Previous filing
Apr 3, 2023
Next filing
Jul 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NONE Common Stock Options Exercise $23.2K +4K +1.24% $5.80* 326K May 24, 2023 Direct
holding NONE Common Stock 64 May 24, 2023 By Daughter
holding NONE Common Stock 69.3K May 24, 2023 By 401KSOP F1

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 Non-Qualified Stock Option (Right to Buy) Options Exercise $0 -4K -100% $0.00* 0 May 24, 2023 Common Stock 4K $5.80 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This total reflects routine accumulation of 69,345.0728 common shares acquired through the Company's 401(K) benefit plan as of May 24, 2023, based on internal records. The number of shares in the reporting person's 401(K) plan account has decreased due to administrative fees withheld by the plan administrator.
F2 These options become exercisable in 20% installments on each anniversary of the grant date beginning June 24, 2014.