SCHOENBERGER ERIKA J. 4

What Happened

• Erika J. Schoenberger, General Counsel, Senior VP and Secretary of Davey Tree Expert Co., had 2,469 shares disposed (withheld) to satisfy a tax obligation related to equity awards. The withholding occurred at $27.60 per share, totaling $68,144. This was a tax‑withholding disposition (transaction code F), not an open‑market sale.

Key Details

• Transaction date and price: March 27, 2026 — 2,469 shares at $27.60 each (total $68,144).
• Transaction type: F = payment of exercise price or tax liability (here used to satisfy taxes on RSU/PRSU payout).
• Shares owned after transaction: Filing notes routine accumulation of 5,004.3724 common shares in the Company 401(k) as of March 30, 2026; the filing does not disclose total beneficial ownership beyond these plan shares.
• Footnotes: F1 — withholding relates to PRSU/RSU payout with distributions over three years. F2 — the 5,004.3724 shares reflect 401(k) accumulation per internal records.
• Filing timeliness: Report filed March 30, 2026 for a March 27, 2026 transaction (within the SEC Form 4 reporting window).

Context

• This was a tax‑withholding disposition commonly used when restricted stock units or performance RSUs vest; shares are retained by the company to cover required taxes. Such withholdings are routine administrative actions and do not necessarily indicate the insider is selling shares for investment reasons.