KILBANE CATHERINE M 4
4 · DAVEY TREE EXPERT CO · Filed Nov 17, 2023
Insider Transaction Report
Form 4
KILBANE CATHERINE M
Director
Transactions
- Exercise/Conversion
Stock Subscription Rights (Right to Buy)
2023-11-15−476→ 1,191 totalExercise: $18.10From: 2022-08-01Exp: 2029-07-31→ Common Stock (476 underlying) - Exercise/Conversion
Common Stock
2023-11-15$18.10/sh+476$8,616→ 22,185 total
Footnotes (2)
- [F1]The reported stock subscription rights to purchase shares of the Company's common stock were acquired in the Company's stock subscription offering to employees and non-employee directors in accordance with the provisions of The Davey Tree Expert Company 2014 Omnibus Stock Plan (the "Plan"). All participants in the offering purchasing in excess of $5,000 of common stock were granted a "right" to purchase one additional share of common stock, at a price of $18.10 per share, for every three shares of common stock purchased under the Plan. Each "right" may be exercised at the rate of 1/7 per year beginning on August 1, 2022 and will expire on July 31, 2029.
- [F2]All share totals and prices reflect a 2-for-1 stock split effective October 1, 2021. Ms. Kilbane's total shares were not previously adjusted for this stock split for Form 4 filing dated May 19, 2022 - 14,655 split-adjusted share total; Form 4 dated August 2, 2022 - 19,655 split-adjusted share total; Form 4 dated May 18, 2023 - 21,709 split-adjusted share total