Reid Sandra Lynne 4

What Happened
Sandra Lynne Reid, Executive Vice President, Corporate Communications of Davey Tree Expert Co., had 652 shares withheld to satisfy tax liabilities related to a PRSU/RSU payout. The shares were valued at $27.60 each for a total withholding of $17,995. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-04-27; filed on Form 4: 2026-04-29 (timely).
• Shares withheld/disposed: 652 at $27.60 per share; total value $17,995.
• Footnote F1: Withholding relates to PRSU and RSU payout; distribution of shares occurs over three years.
• Footnote F2: Reporting person’s 401(k) account held 33,130.9931 common shares as of 2026-04-29; that balance reflects routine accumulation and has been reduced by plan administrative fees.
• Transaction type: Tax withholding to cover tax liability (code F) — not a market sale or buy.

Context
Tax-withholding dispositions are common when restricted stock or performance awards vest; they reduce the insider’s share count to pay taxes and do not necessarily signal a change in sentiment. This filing documents the withholding event and updated share figures in the insider’s 401(k) account.