COVEY PATRICK M 4
4 · DAVEY TREE EXPERT CO · Filed Mar 29, 2024
Insider Transaction Report
Form 4
COVEY PATRICK M
DirectorChairman, President & CEO
Transactions
- Exercise/Conversion
Common Stock
2024-03-29$6.60/sh+51,600$340,560→ 561,974 total - Disposition to Issuer
Common Stock
2024-03-29$22.20/sh−15,341$340,570→ 546,633 total - Exercise/Conversion
Stock Appreciation Rights (2014)
2024-03-29−51,600→ 0 totalExercise: $6.60From: 2015-03-07Exp: 2023-12-31→ Common Stock (51,600 underlying) - Tax Payment
Common Stock
2024-03-29$22.20/sh−19,494$432,767→ 527,139 total
Holdings
- 1,000(indirect: By Sons)
Common Stock
- 27,862.752(indirect: By 401(k))
Common Stock
Footnotes (3)
- [F1]Pursuant to their terms, Stock Appreciation Rights (SARs) were automatically exercised on March 7, 2024, which was the tenth anniversary of the grant date. March 29, 2024 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 related to PRSU and RSUs pay-out. Distribution of shares over three years.
- [F3]This total reflects routine accumulation of 27,862.7516 common shares acquired through the Company's 401(K) benefit plan as of March 29, 2024, 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.