Bast Christopher J 4

What Happened

• Christopher J. Bast, Senior Vice President, Treasurer & Operations Support at Davey Tree Expert Co, was granted 2,550 performance restricted stock units (PRSUs) on 2026-03-25. The grant is recorded at $27.60 per share, for a total grant value of $70,380. This was an award (code A) — not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-03-25; 2,550 PRSUs at $27.60 each (total $70,380).
• Shares/units after transaction: internal records show 12,781.2772 common shares held through the company 401(k) plan as of 2026-03-26; the 2,550 PRSUs are unvested and will convert to common shares if/when vested.
• Vesting/payment terms (footnote): PRSUs vest on the earlier of (a) the third anniversary of the grant, (b) retirement (if age ≥62 with ≥10 years’ service), (c) total/permanent disability or death, or (d) certain termination events. PRSUs are payable in common shares and will be paid no later than March 15 following the year of retirement.
• Timeliness: Report filed 2026-03-26 for a 2026-03-25 transaction; no late-filing indication in this record.

Context

• PRSUs are compensation tied to performance and/or time and are not the same as an immediate market purchase. They are unvested until performance/time conditions are met, so they do not increase the insider’s current tradable share count until paid. Awards are routine executive compensation and do not, by themselves, indicate the insider is buying or selling stock for investment reasons.