Doyle James Edgar 4

What Happened

• Doyle James Edgar, Executive Vice President & General Manager, Canada Operations at Davey Tree Expert Co., was granted 3,505 performance restricted stock units (PRSUs) on 2026-03-25.
• The grant is valued at $27.60 per share, a notional total of $96,738. This is an award (grant), not an open-market purchase or sale.

Key Details

• Transaction type/code: Award/Grant (A).
• Transaction date and price: 2026-03-25 at $27.60 per share; total notional value $96,738.
• Shares owned after transaction: Not disclosed in the Form 4 filing.
• Vesting/payment conditions (from filing footnote): PRSUs are payable in common shares and will be fully vested on the earlier of (a) the third anniversary of the grant date, (b) retirement (if age ≥62 with ≥10 years’ service), (c) total/permanent disability or death, or (d) certain termination events. Payment will be made no later than March 15 following the year of retirement.
• Filing timeliness: Report filed 2026-03-26 for a 2026-03-25 transaction (appears timely under standard Form 4 rules).

Context

• These are performance-based restricted stock units — the recipient only receives shares if performance and/or vesting conditions are satisfied. Such grants are compensation, not direct market bets, and can dilute existing shares when paid out.
• Because this is a grant (not a purchase or sale), it signals company compensation/retention practices rather than an insider buying or selling stock.