COVEY PATRICK M 4
4 · DAVEY TREE EXPERT CO · Filed Mar 24, 2025
Insider Transaction Report
Form 4
COVEY PATRICK M
DirectorChairman, President & CEO
Transactions
- Exercise/Conversion
Stock Appreciation Rights (2015)
2025-03-20−51,600→ 0 totalExercise: $7.53From: 2016-03-06Exp: 2025-03-06→ Common Stock (51,600 underlying) - Disposition to Issuer
Common Stock
2025-03-20$24.10/sh−16,122$388,540→ 602,972 total - Exercise/Conversion
Common Stock
2025-03-20$7.53/sh+51,600$388,548→ 619,094 total - Tax Payment
Common Stock
2025-03-20$24.10/sh−23,508$566,543→ 568,785 total - Tax Payment
Common Stock
2025-03-20$24.10/sh−10,679$257,364→ 592,293 total
Holdings
- 1,000(indirect: By Sons)
Common Stock
- 28,571.951(indirect: By 401(k))
Common Stock
Footnotes (4)
- [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 three and five years.
- [F4]This total reflects routine accumulation of 28,571.9513 common shares acquired through the Company's 401(K) benefit plan as of March 20, 2025, based on internal records.