Form 4 for CHE CHEMED CORP
Accepted 2025-02-18 00:00:00 ET · period of report 2025-02-14 · accession 0000950170-25-022439 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2025-02-18 | 2025-02-14 | CHE | Westfall Nicholas Michael | EVP | M - OptEx | $553.39 | +1,473 | 7,582 | +24% | +$815.1K |
| D | 2025-02-18 | 2025-02-14 | CHE | Westfall Nicholas Michael | EVP | F - Tax | $553.39 | -658 | 6,924 | -9% | -$364.1K |
| DM | 2025-02-18 | 2025-02-14 | CHE | Westfall Nicholas Michael | EVP | M - OptEx | $0.00 | -1,120 | 2,680 | -29% | $0 |
| D | 2025-02-18 | 2025-02-14 | CHE | Westfall Nicholas Michael | EVP | A - Grant | $0.00 | +1,264 | 3,384 | +60% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Capital Stock | 2025-02-14 | M | A | 1,131 | $553.39 | 7,240 | D | — | — | (F1) The number of performace stock units ("PSUs") that vested was based on the Company's cumulative adjusted earnings per share for the period January 1, 2022 through December 31, 2024. The actual performance of $64.97 exceeded the maximum payout threshold of $63.75 and therefore yielded an award of 200% of target; including the reinvestment of dividends paid during such period, the award is 202.0% of target. |
| 2 | Common | Capital Stock | 2025-02-14 | M | A | 342 | $553.39 | 7,582 | D | — | — | (F2) The number of PSUs that vested was based on the Company's achieving relative total shareholder returns for the period January 1, 2022 through December 31, 2024, compared to a defined peer group of companies. The Company's performance ranked in the 31.3 percentile of that group, yielding an award of 60.4%; including the reinvestment of dividends paid during such period, the award is 61.0% of target. |
| 3 | Common | Capital Stock | 2025-02-14 | F | D | 658 | $553.39 | 6,924 | D | — | — | (F3) Shares withheld to satisfy tax obligations in connection with vesting of PSUs. |
| 4 | Derivative | Performance Stock Units | 2025-02-14 | M | D | 560 | $0.00 | 2,120 | D | — · — to — | 560 Capital Stock | (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 18, 2022 vest based on achievement of performance targets over a period of January 1, 2022 to December 31, 2024. The determination of the performance level is to be made by March 15, 2025. |
| 5 | Derivative | Performance Stock Units | 2025-02-14 | A | A | 1,264 | $0.00 | 3,384 | D | — · — to — | 1,264 Capital Stock | (F6) Each performance stock unit represents a contingent right to receive one share of Chemed Capital Stock (F7) Performance stock units vest based on the extent to which the Company achieves certain performance targets over a performance period of January 1, 2025 to December 31, 2027. The determination of the performance level is to be made by March 15, 2028 and earned shares to be delivered thereafter. |
| 6 | Derivative | Performance Stock Units | 2025-02-14 | M | D | 560 | $0.00 | 2,680 | D | — · — to — | 560 Capital Stock | (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 18, 2022 vest based on achievement of performance targets over a period of January 1, 2022 to December 31, 2024. The determination of the performance level is to be made by March 15, 2025. |