KILBANE CATHERINE M 4

What Happened Catherine M. Kilbane, a director of The Davey Tree Expert Company, received a grant of 1,558 restricted stock units (RSUs) on May 20, 2026. The units were awarded at a $0.00 price (i.e., no purchase cost reported). The filing reports the grant as an acquisition-type award (Form 4 code "A") rather than a market purchase or sale.

Key Details

• Transaction date: 2026-05-20; Filing date: 2026-05-21 (appears timely).
• Award: 1,558 RSUs granted, reported with acquisition price $0.00.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnote: Each RSU represents the right to one share; units vest one-third on each of the first, second and third anniversaries of the grant date, subject to continued service or a change in control. Unvested units are forfeited if vesting conditions aren’t met.

Context RSUs are awards that convert into actual shares only if and when they vest; they are not an immediate cash purchase or sale and thus don’t directly signal a buy/sell market action. Vesting over three years means the economic benefit accrues over time and may accelerate on a change in control per the footnote.