PAUL JOSEPH R 4

What Happened Paul Joseph R, EVP & CFO and a director of Davey Tree Expert Co., was granted 10,515 performance restricted stock units (PRSUs) on March 25, 2026. The grant is reported at $27.60 per share, with a total grant value of $290,214. This is an award/grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-25; reported on Form 4 filed 2026-03-26 (timely filing).
• Price/value recorded: $27.60 per share; total value $290,214.
• Shares owned after transaction: filing notes 24,173.0938 common shares held via the Company 401(k) plan as of March 26, 2026; the 10,515 PRSUs are unvested and payable in common shares upon vesting.
• Notable footnotes:
  • F1: PRSUs vest on the earlier of the third anniversary of the grant, retirement (age 62 with ≥10 years’ service), death/total permanent disability, or certain termination events; payable in shares (or as required) and subject to performance criteria.
  • F2: The shares shown reflect routine accumulation in the Company 401(k) plan.
• Transaction type: Award/Grant (A). This is a grant of performance-based restricted stock units, not an immediate purchase or sale.

Context PRSUs are long-term, performance-linked awards that only convert to company stock if performance and/or service conditions are met; they do not represent an immediate cash purchase or sale. Such grants are common in executive compensation to align pay with performance and retention and should be interpreted differently than outright insider purchases or sales.