Sears Thea R. 4
4 · DAVEY TREE EXPERT CO · Filed Mar 11, 2024
Insider Transaction Report
Form 4
Sears Thea R.
Senior VP and Controller
Transactions
- Award
Common Stock
2024-03-08$22.20/sh+3,420$75,924→ 228,870 total
Holdings
- 21,161.993(indirect: By 401(k))
Common Stock
Footnotes (2)
- [F1]Upon the achievement of certain performance criteria, performance restricted stock units (PRSUs) were granted pursuant to the Company's performance restricted stock unit program, are payable in common shares, will be fully vested on the earlier of (a) the third anniversary of the grant date (the transaction date herein), (b) retirement (provided that the participant has attained the age of 55 years and has had at least five years of service with the Company), (c) total or permanent disability or death, or (d) certain events of termination, and will be paid no later than March 15 following the year in which the participant retires.
- [F2]This total reflects routine accumulation of 21,161.9927 common shares acquired through the Company's 401(K) benefit plan as of March 11, 2024, based on internal records.