HARRIS MATTHEW CHRISTOPHER 4

What Happened

• Matthew Christopher Harris, a director of Davey Tree Expert Co., received an award of 2,829.54 units of phantom stock (reported as a derivative grant) on June 24, 2026. The units were granted at $0.00 per unit (no cash exchanged at grant) and are described as the economic equivalent of common shares, payable in cash upon his termination as a director.

Key Details

• Transaction date: 2026-06-24; Form 4 filed: 2026-06-25 (filed promptly).
• Security and amount: 2,829.54 units of phantom stock (derivative award), reported with value $0.00 at grant.
• Shares owned after transaction: not disclosed in this filing.
• Footnote: Each phantom stock unit equals the economic value of one common share and becomes payable in cash when the director leaves service.
• Transaction code: A (award/grant).

Context

• This was an equity-linked compensation grant (phantom stock), not an open-market purchase or sale; it does not represent an immediate cash investment or sale by the insider.
• Phantom stock awards provide future cash tied to stock value and are common for non-employee directors; they should be viewed as compensation rather than a direct bullish/bearish trading signal.