Sears Thea R. 4
4 · DAVEY TREE EXPERT CO · Filed Mar 26, 2026
Research Summary
AI-generated summary of this filing
Davey Tree Senior VP Thea R. Sears Receives Award of 2,550 PRSUs
What Happened
Thea R. Sears, Senior Vice President and Controller of Davey Tree Expert Co., was granted 2,550 performance restricted stock units (PRSUs) on March 25, 2026. The grant is valued at $27.60 per share, for a total grant value of $70,380. This transaction is reported as an award/acquisition (code A).
Key Details
- Transaction date and price: 2026-03-25; grant valued at $27.60 per share; total $70,380.
- Shares/holdings reported: the filing notes routine accumulation of 23,258.3943 common shares through the company 401(k) plan as of March 26, 2026 (footnote F2).
- Vesting and payout terms: PRSUs are performance-based and payable in common shares. They vest on the earlier of (a) the third anniversary of the grant date, (b) qualifying retirement (age 62 with ≥10 years’ service), (c) total/permanent disability or death, or (d) certain termination events; payment no later than March 15 following the year of retirement (footnote F1).
- Filing date: Report filed March 26, 2026, covering the March 25, 2026 grant.
Context
This was a grant of performance-based restricted units (not an open-market purchase or sale). PRSUs convert to shares only if performance and/or vesting conditions are met, so the award does not represent immediately tradable stock. Such grants are common as long-term incentive compensation and should be viewed as part of the executive’s pay structure rather than a direct signal to buy or sell the stock.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-25$27.60/sh+2,550$70,380→ 242,589 total
- 23,258.394(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 23,258.3943 common shares acquired through the Company's 401(K) benefit plan as of March 26, 2026, based on internal records.