Ina Gregory M 4

What Happened

• Ina M. Gregory, Executive Vice President, Institute & Employee Development of Davey Tree Expert Co., exercised 4,000 derivative securities (Form 4 code M) on March 27, 2026, acquiring 4,000 common shares at $8.18 per share for a total cash outlay of $32,720.
• The filing also reports a related disposition entry for 4,000 derivative units at $0.00, reflecting the conversion/surrender of the derivative instrument as part of the exercise. No open-market sale of the acquired shares is reported in this filing.

Key Details

• Transaction date: 2026-03-27; Exercise price: $8.18; Acquired shares: 4,000; Total cost: $32,720.
• Related disposition entry: 4,000 units at $0.00 (derivative conversion tied to the exercise).
• Shares owned after transaction: Not stated in this filing.
• Footnote: The filing notes routine accumulation of 30,812.1560 common shares in the reporting person's 401(k) account as of April 2, 2026; the account balance decreased due to administrative fees withheld by the plan administrator (Footnote F1).
• Filing timing: Report filed Apr 2, 2026 for a Mar 27, 2026 transaction — appears later than the typical Form 4 deadline.

Context

• This was an option exercise (code M). The filing shows acquisition of shares, not an immediate sale (no cashless or open-market sale reported), so the shares appear to have been retained.
• Exercises are often routine actions to convert vested derivatives into stock for ownership; they do not by themselves indicate a buy/sell market view.