Ina Gregory M 4

What Happened
Ina Gregory M, Executive Vice President, Institute & Employee Development at Davey Tree Expert Co, was granted 4,465 performance restricted stock units (PRSUs) on March 25, 2026, at an implied value of $27.60 per share, totaling $123,234. This was an award (grant) of performance-based units payable in common shares if performance and vesting conditions are met — not an open-market purchase.

Key Details

• Transaction type: Award/Grant of PRSUs (code A).
• Transaction date: 2026-03-25; filing date: 2026-03-26 (timely).
• Shares/units granted: 4,465 PRSUs at $27.60 each; aggregate value reported $123,234.
• Vesting/payment: PRSUs are payable in common shares and will vest/settle on the earlier of (a) the third anniversary of the grant, (b) retirement (age ≥62 with ≥10 years’ service), (c) total/permanent disability or death, or (d) certain termination events; payment no later than March 15 following the year of retirement. (Footnote F1)
• Shares owned after transaction: Not directly reported in this Form 4. Company records note routine accumulation of 30,814.9618 shares through the company 401(k) as of March 26, 2026. (Footnote F2)
• No exercise, sale, or tax-withholding transaction reported in this filing.

Context
PRSUs are a long-term, performance-based compensation tool. Because these units vest only if performance/vesting conditions are met and are paid in shares later, they do not represent an immediate stock purchase or sale by the insider. Such grants are common as retention and incentive compensation and should be viewed as part of executive pay rather than an immediate bullish or bearish trading signal.