Christopher J. Bast - Mar 20, 2025 Form 4 Insider Report for DAVEY TREE EXPERT CO (NONE)

Role
Sr VP, Treasurer & Ops Support
Signature
/s/Christopher J. Bast/Joseph R. Paul, by Power of Attorney
Stock symbol
NONE
Transactions as of
Mar 20, 2025
Transactions value $
$7
Form type
4
Date filed
3/24/2025, 03:00 PM
Previous filing
Mar 11, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NONE Common Stock Options Exercise $31.6K +4.2K +4.5% $7.53 97.6K Mar 20, 2025 Direct F1
transaction NONE Common Stock Disposed to Issuer -$31.6K -1.31K -1.34% $24.10 96.3K Mar 20, 2025 Direct F1
holding NONE Common Stock 11.7K Mar 20, 2025 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 Appreciation Rights (2015) Options Exercise $0 -4.2K -100% $0.00 0 Mar 20, 2025 Common Stock 4.2K $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 This total reflects routine accumulation of 11,733.8893 common shares acquired through the Company's 401(K) benefit plan as of March 10, 2025, based on internal records.