Hyland Scott Alan 4
4 · DAVEY TREE EXPERT CO · Filed Mar 26, 2026
Research Summary
AI-generated summary of this filing
Davey Tree Senior VP Scott Hyland Receives 1,915-Share Award
What Happened
Scott Alan Hyland, Senior Vice President of Marketing at Davey Tree Expert Co., was granted 1,915 performance restricted stock units (PRSUs) on 2026-03-25. The grant is reported at an acquisition value of $27.60 per share, totaling $52,854. This was an award/compensation grant (code A), not an open-market purchase or sale.
Key Details
- Transaction date and terms: 2026-03-25; 1,915 PRSUs @ $27.60 (value $52,854).
- Vesting and payout: PRSUs pay in common shares and will fully vest on the earlier of (a) the third anniversary of the grant, (b) retirement (age 62 with ≥10 years’ service), (c) total/permanent disability or death, or (d) certain termination events; payout no later than March 15 following the year of retirement (see footnote F1).
- Shares owned after transaction: filing does not state total beneficial ownership for Hyland after this grant; the filing notes routine accumulation of 8,512.7119 common shares in the Company 401(k) as of March 26, 2026 (footnote F2).
- Filing timeliness: Report filed 2026-03-26 for the 2026-03-25 transaction (filed next day; no late filing indicated).
- Transaction code: A = Grant/award of securities (performance RSU).
Context
PRSUs are compensation awards that vest based on performance and time/termination conditions; they are not open-market purchases and do not directly signal immediate insider buying or selling. Such grants are common for aligning executive compensation with company performance; treat them as part of pay, not a trading sentiment indicator.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-25$27.60/sh+1,915$52,854→ 35,452 total
- 8,512.712(indirect: By 401(k))
Common Stock
[F2]
Footnotes (2)
- [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 62 years and has had at least ten 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 8,512.7119 common shares acquired through the Company's 401(K) benefit plan as of March 26, 2026, based on internal records.