Davis Anna Christine 4

What Happened Anna Christine Davis, Senior Vice President of Human Resources at Davey Tree Expert Co., exercised stock options on June 16, 2026, resulting in the acquisition of 1,000 common shares at $8.18 per share (total cash paid ≈ $8,180). The filing also shows same-day dispositions: an open-market/private sale entry for 600 shares and a derivative-related disposition of 1,000 shares, both reported with $0.00 proceeds. Overall, this was primarily an option exercise (a purchase of shares); the disposals reported at $0.00 appear to reflect non-cash share transfers (e.g., withholding or net settlement) rather than a cash sale.

Key Details

• Transaction date: 2026-06-16 (reported on Form 4 filed 2026-06-17)
• Exercise: 1,000 shares acquired at $8.18 each; total cash paid ≈ $8,180 (code M)
• Dispositions reported the same day: 600 shares (S) and 1,000 shares (M) both listed with $0.00 proceeds
• Shares owned following reported transactions: 8,140.3744 common shares (per footnote F1, reflects routine 401(k) accumulation as of June 16, 2026)
• Filing appears timely (filed the next day); no late filing flag indicated

Context

• The primary action was an option exercise. When disposals are reported at $0.00 in the same filing, that commonly indicates withholding, surrender, or net-settlement mechanics (to cover taxes or option costs) rather than a typical cash sale; the Form 4 here does not report cash proceeds for those disposals.
• Footnote F1 clarifies the reported post-transaction total includes routine 401(k) acquisitions (8,140.3744 shares) based on the company's internal records.
• This report is factual disclosure of transactions; it does not state motivations or predict future stock performance.