Your tree looks like a Honeylocust -
Gleditsia triacanthos and probably
G. t. var. inermis, the thornless ornamental form.
Thornless Honeylocust are/were a very common landscape tree and often used as street trees, as your picture suggests (I can see at least three similar trees in your first picture). They transplant very easily, grow in relatively disturbed soils like in subdivisions/along urban streets, and don't have many pest problems.
Your images show what I would presume to be some itinerant insect damage that occurred when that new growth was emerging, leaving the disfigurement shown out at the terminal growth. It doesn't seem to be evident on the older foliage elsewhere on the tree, does it? Webworms are big defoliators, so watch for webbing or disappearing leaves to catch them early.
I don't think it is anything to be too concerned about; others here may offer different opinions. If your community has an urban forester or city arborist, you could submit your pictures and comments to them to see what their experience has been.
I looked around a little more, and there seems to be plenty of information on the Honeylocust Plant Bug -
Diaphnocoris chlorionis. This looks like your troublemaker.
https://extension.psu.edu/hone...
