Brown Donald C 4
4 · DAVEY TREE EXPERT CO · Filed Aug 2, 2022
Insider Transaction Report
Form 4
Brown Donald C
Director
Transactions
- Other
Stock Subscription Rights (Right to Buy)
2022-08-01+2,500→ 2,500 totalExercise: $18.10From: 2022-08-01Exp: 2029-07-31→ Common Stock (2,500 underlying) - Other
Common Stock
2022-08-01$18.10/sh+7,500$135,750→ 81,143 total
Footnotes (1)
- [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.