# EDGAR Filing Document

**Accession Number:** 0001572888
**File Stem:** 0001628280-26-021883
**Filing Date:** 2026-3
**Character Count:** 7555
**Document Hash:** 4f6bf8224865973a862721c796db4948
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-26-021883.hdr.sgml**: 20260330

**ACCESSION NUMBER**: 0001628280-26-021883

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260327

**FILED AS OF DATE**: 20260330

**DATE AS OF CHANGE**: 20260330

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Repenning Brent R
- **CENTRAL INDEX KEY:** 0001572888

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-11917
- **FILM NUMBER:** 26810607

**MAIL ADDRESS:**
- **STREET 1:** 1500 NORTH MANTUA STREET
- **CITY:** KENT
- **STATE:** OH
- **ZIP:** 44240
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DAVEY TREE EXPERT CO
- **CENTRAL INDEX KEY:** 0000277638
- **STANDARD INDUSTRIAL CLASSIFICATION:** AGRICULTURE SERVICES [0700]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 340176110
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 1500 N MANTUA ST
- **STREET 2:** P O BOX 5193
- **CITY:** KENT
- **STATE:** OH
- **ZIP:** 44240-5193
- **BUSINESS PHONE:** 3306739511

**MAIL ADDRESS:**
- **STREET 1:** 1500 NORTH MANTUA STREET
- **STREET 2:** P O BOX 5193
- **CITY:** KENT
- **STATE:** OH
- **ZIP:** 44240-5193

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Repenning Brent R<br><sub>(Last) (First) (Middle)</sub><br>1500 NORTH MANTUA STREET<br>P.O. BOX 5193<br><sub>(Street)</sub><br>KENT, OH 44240-5193<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2026-03-27 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_EVP, Specialized Services_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>DAVEY TREE EXPERT CO [ NONE ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2026-03-27 |  | F |  | 2299<sup>(1)</sup> | D | $27.60 | 155549 | D |  |
| Common Stock | 2026-03-27 |  | M |  | 8400<sup>(2)</sup> | A | $8.18 | 163949 | D |  |
| Common Stock | 2026-03-27 |  | F |  | 2490<sup>(2)</sup> | D | $27.60 | 161459 | D |  |
| Common Stock | 2026-03-27 |  | F |  | 2651<sup>(3)</sup> | D | $27.60 | 158808 | D |  |
| Common Stock | 2026-03-27 |  | M |  | 4400<sup>(2)</sup> | A | $8.80 | 163208 | D |  |
| Common Stock | 2026-03-27 |  | F |  | 1403<sup>(2)</sup> | D | $27.60 | 161805 | D |  |
| Common Stock | 2026-03-27 |  | F |  | 1344<sup>(3)</sup> | D | $27.60 | 160461 | D |  |
| Common Stock | 2026-03-27 |  | M |  | 9160<sup>(2)</sup> | A | $9.55 | 169621 | D |  |
| Common Stock | 2026-03-27 |  | F |  | 3169<sup>(2)</sup> | D | $27.60 | 166452 | D |  |
| Common Stock | 2026-03-27 |  | F |  | 2689<sup>(3)</sup> | D | $27.60 | 163763 | D |  |
| Common Stock |  |  |  |  |  |  |  | 15839.5302<sup>(4)</sup> | I | By 401(k) Plan |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Stock Appreciation Rights <sup>(2016)</sup> | $8.18 | 2026-03-27 |  | M |  |  | 8400 | 2017-03-04 | 2024-12-31 | Common Stock | 8400 | $0 | 0 | D |  |
| Stock Appreciation Rights <sup>(2017)</sup> | $8.80 | 2026-03-27 |  | M |  |  | 4400 | 2018-03-03 | 2026-12-31 | Common Stock | 4400 | $0 | 0 | D |  |
| Stock Appreciation Rights <sup>(2018)</sup> | $9.55 | 2026-03-27 |  | M |  |  | 9160 | 2018-03-09 | 2027-12-31 | Common Stock | 9160 | $0 | 0 | D |  |

---

### Footnotes:

(1) Payment of taxes related to PRSU and RSUs pay-out. Distribution of shares over three years.

(2) Pursuant to their terms, Stock Appreciation Rights (SARs) were automatically exercised on March 4, 2026, which was the tenth anniversary of the grant date. March 27, 2026 is the earliest date on which the Company was able to complete SARs calculations, based on the availability of its stock price valuation.

(3) Payment of taxes in connection with SARs pay-out.

(4) This total reflects routine accumulation of 15,839.5302 common shares acquired through the Company's 401(K) benefit plan as of March 30, 2026, based on internal records.

**Signature:** /s/Brent R. Repenning/Christopher J. Bast, by Power of Attorney  
**Date:** 2026-03-30

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**