COVEY PATRICK M 4
4 · DAVEY TREE EXPERT CO · Filed Apr 17, 2026
Research Summary
AI-generated summary of this filing
Davey Tree CEO Patrick M. Covey Sells 50,756 Shares
What Happened
- Patrick M. Covey (Chairman, President & CEO; Director) sold 50,756 common shares on April 16, 2026 in an open-market/private sale at $27.60 per share, for total proceeds of $1,400,866. This was a sale (code S) rather than a purchase.
Key Details
- Transaction date and price: April 16, 2026 — 50,756 shares at $27.60 each.
- Total proceeds: $1,400,866.
- Filing date: Form 4 filed April 17, 2026 (filed the day after the transaction).
- Shares owned after transaction: Not specified in the provided filing details.
- Footnote (F1): The filing notes a routine accumulation of 29,236.962 common shares acquired through the Company’s 401(k) plan as of April 17, 2026; the 401(k) account balance decreased due to administrative fees withheld by the plan administrator.
- No 10b5-1 plan, gift, exercise, or tax-withholding language was indicated in the provided details.
Context
- Sales by executives are common and can be routine (e.g., portfolio rebalancing, tax needs, or plan-related activity); a sale alone does not necessarily signal negative views about the company. The filing also records routine 401(k)-plan share accumulation separate from this sale.
Insider Transaction Report
Form 4
COVEY PATRICK M
DirectorChairman, President & CEO
Transactions
- Sale
Common Stock
2026-04-16$27.60/sh−50,756$1,400,866→ 481,898 total
Holdings
- 1,000(indirect: By Sons)
Common Stock
- 29,236.962(indirect: By 401(k))
Common Stock
[F1]
Footnotes (1)
- [F1]This total reflects routine accumulation of 29,236.962 common shares acquired through the Company's 401(K) benefit plan as of April 17, 2026, 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.
Signature
/s/Patrick M. Covey/Christopher J. Bast, by Power of Attorney|2026-04-17