James Edgar Doyle - Mar 21, 2025 Form 4 Insider Report for DAVEY TREE EXPERT CO (NONE)

Role
EVP & GM, Canada Operations
Signature
/s/James Edgar Doyle/Christopher J. Bast, by Power of Attorney
Stock symbol
NONE
Transactions as of
Mar 21, 2025
Transactions value $
-$525,964
Form type
4
Date filed
3/21/2025, 04:08 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 $94.9K +12.6K +7.63% $7.53 178K Mar 21, 2025 Direct F1
transaction NONE Common Stock Disposed to Issuer -$94.9K -3.94K -2.22% $24.10 174K Mar 21, 2025 Direct F2
transaction NONE Common Stock Tax liability -$111K -4.61K -2.65% $24.10 169K Mar 21, 2025 Direct F3
transaction NONE Common Stock Options Exercise $103K +12.6K +7.45% $8.18 182K Mar 21, 2025 Direct F4
transaction NONE Common Stock Options Exercise $56.3K +6.4K +3.52% $8.80 188K Mar 21, 2025 Direct F4
transaction NONE Common Stock Options Exercise $92.3K +9.67K +5.14% $9.55 198K Mar 21, 2025 Direct F4
transaction NONE Common Stock Sale -$252K -10.4K -5.28% $24.10 187K Mar 21, 2025 Direct F2
transaction NONE Common Stock Tax liability -$234K -9.73K -5.19% $24.10 178K Mar 21, 2025 Direct F3
transaction NONE Common Stock Tax liability -$180K -7.48K -4.21% $24.10 170K Mar 21, 2025 Direct F5

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 -12.6K -100% $0.00 0 Mar 21, 2025 Common Stock 12.6K $7.53 Direct F1
transaction NONE Stock Appreciation Rights (2016) Options Exercise $0 -12.6K -100% $0.00 0 Mar 21, 2025 Common Stock 12.6K $8.18 Direct F4
transaction NONE Stock Appreciation Rights (2017) Options Exercise $0 -6.4K -100% $0.00 0 Mar 21, 2025 Common Stock 6.4K $8.80 Direct F4
transaction NONE Stock Appreciation Rights (2018) Options Exercise $0 -9.67K -100% $0.00 0 Mar 21, 2025 Common Stock 9.67K $9.55 Direct F4
* 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 Company was able to complete SARs calculations, based on the availability of its stock price valuation.
F2 Distribution of Stock Appreciation Rights (SARs) pursuant to plan.
F3 Payment of taxes in connection with SARs pay-out.
F4 Exercise of SARs.
F5 Payment of taxes related to PRSU and RSUs pay-out. Distribution of shares over three and five years.