06/12/2025 | Press release | Distributed by Public on 06/12/2025 14:26
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Non-Qualified Stock Option (Right to Buy) | 06/28/2017(2) | 06/28/2026 | Common Stock | 3,450 | $8.18 | D | |
Non-Qualified Stock Option (Right to Buy) | 06/23/2018(2) | 06/23/2027 | Common Stock | 3,000 | $8.8 | D | |
Non-Qualified Stock Option (Right to Buy) | 06/28/2019(2) | 06/28/2028 | Common Stock | 3,000 | $9.55 | D | |
Non-Qualified Stock Option (Right to Buy) | 06/12/2020(2) | 06/12/2029 | Common Stock | 2,720 | $10.55 | D | |
Non-Qualified Stock Option (Right to Buy) | 06/17/2021(2) | 06/17/2030 | Common Stock | 3,000 | $12.1 | D | |
Stock Appreciation Rights (2016) | 03/04/2017(3) | 03/04/2026 | Common Stock | 5,000 | $8.18 | D | |
Stock Appreciation Rights (2017) | 03/03/2018(3) | 03/03/2027 | Common Stock | 2,400 | $8.8 | D | |
Stock Appreciation Rights (2018) | 03/09/2019(3) | 03/09/2028 | Common Stock | 2,442 | $9.55 | D | |
Stock Subscription Rights (Right to Buy) | 08/01/2022(4) | 08/01/2029 | Common Stock | 571 | $18.1 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Reid Sandra Lynne 1500 N MANTUA STREET PO BOX 5193 KENT, OH 44240 |
Exec VP Corp Communications |
/s/Sandra Lynne Reid/Christopher J. Bast, by Power of Attorney | 06/12/2025 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | This total reflects routine accumulation of 32,818.0224 common shares acquired through the Company's 401(K) benefit plan as of June 12, 2025, based on internal records. |
(2) | These options vest and become exercisable in five equal annual installments beginning on the first anniversary of the grant date. |
(3) | Stock Appreciation Rights (SARs)become exercisable in five equal annual installments beginning on the first anniversary of the grant date. |
(4) | 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 August 1, 2029. |