Repenning Brent R 4

What Happened
Brent R. Repenning, Executive Vice President, Specialized Services at Davey Tree, received a grant of 4,465 performance restricted stock units (PRSUs) on March 25, 2026. The grant is reported at an acquisition value of $27.60 per share, totaling approximately $123,234. This was an award (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-03-25; filing date: 2026-03-26 (timely filing).
• Grant: 4,465 PRSUs at $27.60 per share; reported value ≈ $123,234. (Transaction code A = award/grant.)
• Shares owned following the reported transaction: 15,839.5302 common shares (this total reflects routine accumulation of 15,839.5302 shares via the company 401(k) plan as of March 26, 2026).
• Notable footnote: PRSUs vest upon achievement of certain performance criteria and will fully 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.

Context
This is an equity award—PRSUs that convert to common shares if performance and/or time-based vesting conditions are met—rather than an immediate purchase or sale. Such grants are typical components of executive compensation and do not by themselves indicate buying or selling intent in the open market.