HARRIS MATTHEW CHRISTOPHER 4

What Happened

• Matthew Christopher Harris, a director of The Davey Tree Expert Company, received a grant of 1,558 restricted stock units (RSUs) on May 20, 2026. The reported transaction shows 1,558 units acquired at $0.00 (award), with a reported monetary value of $0 on the Form 4.
• The RSUs represent the right to receive one share of common stock per unit. The award vests one‑third on each of the first, second and third anniversaries of the grant date, subject to continued service through each vesting date or upon a change in control. Any unvested units will be forfeited.

Key Details

• Transaction date: 2026-05-20; filing date (Form 4): 2026-05-21 (timely filing).
• Transaction type/code: Award/Grant (Code A); reported price per unit: $0.00.
• Shares owned following the transaction: not specified in the filing.
• Footnote: Vesting is 1/3 each year for three years; units convert to one share each when vested; forfeiture if vesting conditions not met.
• No indication of sale, purchase for cash, 10b5-1 plan, or tax‑withholding reported in this filing.

Context

• RSU grants are a form of compensation, not an open‑market purchase or sale. They do not require the director to pay cash up front and only transfer shares if and when the units vest.
• Such awards are common for director compensation and are informational about compensation but do not by themselves indicate the director’s personal buying or selling sentiment.