SCHOENBERGER ERIKA J. 4

What Happened Erika J. Schoenberger, General Counsel, Senior VP and Secretary of Davey Tree Expert Co., was granted 5,735 performance restricted stock units (PRSUs) on 2026-03-25. The PRSUs were recorded at a grant price of $27.60 per share, for a reported value of $158,286. This was an award/grant (not an open-market purchase or sale) and will convert to common shares only upon satisfaction of performance criteria and vesting conditions.

Key Details

• Transaction date: 2026-03-25; filing date: 2026-03-26 (appears timely).
• Award: 5,735 PRSUs @ $27.60; reported aggregate value $158,286.
• Vesting/payment: PRSUs payable in common shares and will fully vest 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 no later than March 15 following the year of retirement (per filing footnote).
• Holdings note: The filing also notes routine accumulation of 5,004.3724 common shares via the Company’s 401(k) plan as of March 26, 2026 (internal records). The filing does not specify total shares owned outright after the PRSU grant.
• Type: A = Award/Grant (not a sale or open-market purchase).

Context PRSUs are performance-based awards that only become shares if specified goals and vesting conditions are met; they are not immediate cash or market purchases. Awards like this are common for executives as compensation and do not by themselves indicate intent to buy or sell in the market.