Repenning Brent R 4

What Happened

• Brent R. Repenning, Executive Vice President of Davey Tree Expert Co., reported an open-market/private purchase (code P) of 279 common shares on 2026-06-30 at $23.46 per share, for a total cost of $6,545. The filing indicates the purchase was made pursuant to the company’s Employee Stock Purchase Plan (ESPP, footnote F1). This was a purchase (rather than a sale).

Key Details

• Transaction date and price: 2026-06-30 — 279 shares @ $23.46 each (total $6,545).
• Transaction type: P = Purchase via Employee Stock Purchase Plan (footnote F1).
• Shares owned after transaction: The Form 4 does not list a clear "shares owned following reported transaction" total; footnote F2 notes 16,331.3943 common shares acquired through the company 401(k) plan as of July 28, 2026 (reported as routine accumulation).
• Filing timing: Transaction dated 2026-06-30; Form 4 was filed 2026-07-30, which is later than the typical two-business-day filing window for Form 4s (this appears to be a late filing).

Context

• This was a small, routine purchase (about $6.5k) under an employee plan. Purchases can be more informative than sales, but the size here is modest. Footnote F1 confirms the ESPP source; F2 documents routine 401(k) accumulation and should not be interpreted as a separate, discretionary open‑market trade. Late filing of Form 4s can attract regulatory attention and may limit the usefulness of the timing for short-term trading signals.