NONE DAVEY TREE EXPERT CO
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Executive Summary
DAVEY TREE EXPERT CO insiders executed $2.5M in open-market share sales over a 7-day window, led by CEO Patrick Covey who sold $1.4M of stock and CFO David Phillips who disposed of $16M in shares through a non-cash transaction. The CEO and EVP of Canada Operations both sold shares at market price, indicating open-market dispositions.
Key Financial Metrics
Actionable Insight
The CEO and EVP selling shares at market price raises concerns about insider confidence, especially when paired with the CFO's large non-cash disposition. Traders should monitor for potential downward pressure on sentiment and watch for upcoming earnings or regulatory filings that may have triggered this activity.
Key Facts
- CEO Patrick Covey sold 50,756 shares at $27.60 for total proceeds of $1.40M in an open-market transaction.
- CFO David Phillips disposed of 816,320 shares valued at $16.04M, though this was not an open-market sale — classified as 'Other', likely related to equity settlement or tax event.
- EVP James Doyle sold 40,000 shares at $27.60 for $1.10M in an open-market transaction.
- Total open-market selling by insiders in the cluster: $2.50M over 7 days.
- Both C-suite executives (CEO and EVP) participated in open-market dispositions.
Financial Impact
$2.50M in open-market selling by corporate insiders over 7 days
Risk Factors
- Perceived lack of confidence from top executives could erode investor sentiment.
- Risk of further insider selling if this reflects broader concerns about company fundamentals or valuation.
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NONE-1776436368748 |
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May 28, 2026
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May 12, 2026
29d ago
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Apr 30, 2026
5w ago
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Apr 23, 2026
6w ago
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Apr 21, 2026
7w ago
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Apr 21, 2026
7w ago
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US Market Status
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