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.
Price Chart
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
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 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 2, 2026 16w ago | Insider Cluster | — | awaiting T+20 | — | — |
Jul 1, 2026 16w ago | Insider Cluster | — | awaiting T+20 | — | — |
Jun 29, 2026 17w ago | Insider Cluster | — | awaiting T+20 | — | — |
Jun 25, 2026 17w ago | Insider Cluster | — | awaiting T+20 | — | — |
Jun 12, 2026 19w ago | Insider Cluster | — | awaiting T+20 | — | — |
May 28, 2026 21w ago | Insider Cluster | — | awaiting T+20 | — | — |
May 22, 2026 22w ago | Insider Cluster | — | awaiting T+20 | — | — |
May 22, 2026 22w ago | Insider Cluster | — | awaiting T+20 | — | — |
May 18, 2026 23w ago | Insider Cluster | — | awaiting T+20 | — | — |
May 15, 2026 23w ago | Insider Cluster | — | awaiting T+20 | — | — |
US Market Status
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