PAUL JOSEPH R 4
4 · DAVEY TREE EXPERT CO · Filed Mar 26, 2026
Research Summary
AI-generated summary of this filing
Davey Tree EVP/CFO Paul Joseph R Receives 10,515-Share Award
What Happened Paul Joseph R, EVP & CFO and a director of Davey Tree Expert Co., was granted 10,515 performance restricted stock units (PRSUs) on March 25, 2026. The grant is reported at $27.60 per share, with a total grant value of $290,214. This is an award/grant (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-25; reported on Form 4 filed 2026-03-26 (timely filing).
- Price/value recorded: $27.60 per share; total value $290,214.
- Shares owned after transaction: filing notes 24,173.0938 common shares held via the Company 401(k) plan as of March 26, 2026; the 10,515 PRSUs are unvested and payable in common shares upon vesting.
- Notable footnotes:
- F1: PRSUs vest on the earlier of the third anniversary of the grant, retirement (age 62 with ≥10 years’ service), death/total permanent disability, or certain termination events; payable in shares (or as required) and subject to performance criteria.
- F2: The shares shown reflect routine accumulation in the Company 401(k) plan.
- Transaction type: Award/Grant (A). This is a grant of performance-based restricted stock units, not an immediate purchase or sale.
Context PRSUs are long-term, performance-linked awards that only convert to company stock if performance and/or service conditions are met; they do not represent an immediate cash purchase or sale. Such grants are common in executive compensation to align pay with performance and retention and should be interpreted differently than outright insider purchases or sales.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-25$27.60/sh+10,515$290,214→ 353,078 total
- 24,173.094(indirect: By 401(k))
Common Stock
[F2]
Footnotes (2)
- [F1]Upon the achievement of certain performance criteria, performance restricted stock units (PRSUs) were granted pursuant to the Company's performance restricted stock unit program, are payable in common shares, will be fully vested on the earlier of (a) the third anniversary of the grant date (the transaction date herein), (b) retirement (provided that the participant has attained the age of 62 years and has had at least ten years of service with the Company), (c) total or permanent disability or death, or (d) certain events of termination, and will be paid no later than March 15 following the year in which the participant retires.
- [F2]This total reflects routine accumulation of 24,173.0938 common shares acquired through the Company's 401(K) benefit plan as of March 26, 2026, based on internal records.