Hyland Scott Alan 4

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.