AI assistant
CHEMED CORP — Director's Dealing 2024
Feb 20, 2024
30858_dirs_2024-02-20_4c545982-9605-42a2-a2c3-213f7123432c.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CHEMED CORP (CHE)
CIK: 0000019584
Period of Report: 2024-02-16
Reporting Person: HUTTON THOMAS C (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-16 | Capital Stock | M | 84 | $586.49 | Acquired | 36276 | Direct |
| 2024-02-16 | Capital Stock | M | 126 | $586.49 | Acquired | 36402 | Direct |
| 2024-02-16 | Capital Stock | F | 77 | $586.49 | Disposed | 36325 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-16 | Performance Share Units | $ | M | 134 | Disposed | Capital Stock (134) | Direct | |
| 2024-02-16 | Performance Share Units | $ | M | 134 | Disposed | Capital Stock (134) | Direct | |
| 2024-02-16 | Performance Share Units | $ | A | 294 | Acquired | Capital Stock (294) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Capital Stock | 3026 | Indirect |
| Capital Stock | 6058 | Indirect |
| Capital Stock | 6070 | Indirect |
| Capital Stock | 5900 | Indirect |
Footnotes
F1: The number of performance share units ("PSUs") that vested was based on the Company's achieving adjusted earnings per share growth rate for the period January 1, 2021 through December 31, 2023. The actual performance of 5.47% yielded an award of 61.7% of target; including the reinvestment of dividends paid during such period, the award is 62.2% of target.
F2: The number of PSUs that vested was based on the Company's achieving relative total shareholder returns for the period January 1, 2021 through December 31, 2023 compared to a defined peer group of companies. The Company's performance ranked in the 47th percentile of that group, yielding an award of 92.6%; including the reinvestment of dividends paid during such period, the award is 93.4% of target.
F3: Shares withheld to satisfy tax obligations in connection with vesting of PSUs.
F4: Each PSU reflects the contingent right to receive a variable number of shares of capital stock based on achieving performance goals. PSUs were settled in shares on their scheduled vesting date as determined by the Compensation Committee.
F5: PSUs awarded February 19, 2021 vest based on achievement of performance targets over a period of January 1, 2021 through December 31, 2023. The determination of the performance level was to be made by March 15, 2024.
F6: Each performance share unit represents a contingent right to receive one share of Chemed Capital Stock.
F7: Performance share units vest based on the extent to which the Company achieves certain performance targets over a performance period of January 1, 2024 to December 31, 2026. The determination of the performance level is to be made by March 15, 2027 and earned shares to be delivered thereafter.