Lawrence R. Evans - Mar 3, 2023 Form 4 Insider Report for DAVEY TREE EXPERT CO (NONE)

Signature
/s/Lawrence R. Evans, Christopher J. Bast by Power of Attorney
Stock symbol
NONE
Transactions as of
Mar 3, 2023
Transactions value $
$94,813
Form type
4
Date filed
3/6/2023, 01:32 PM
Previous filing
Jan 18, 2023
Next filing
Apr 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NONE Common Stock Award $94.8K +5.13K +2.46% $18.50* 214K Mar 3, 2023 Direct F1
holding NONE Common Stock 34.5K Mar 3, 2023 By 401KSOP F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Upon the achievement of certain performance criteria, performance restricted stock units (PRSUs) were granted pursuant to the Company's performance restricted stock unit program, are payable in common shares, will be fully vested on the earlier of (a) the third anniversary of the grant date (the transaction date herein), (b) retirement (provided that the participant has attained the age of 55 years and has had at least five years of service with the Company), (c) total or permanent disability or death, or (d) certain events of termination, and will be paid no later than March 15 following the year in which the participant retires.
F2 This total reflects routine accumulation of 34,451.2795 common shares acquired through the Company's 401(K) benefit plan as of March 3, 2023, 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.