Form 4 for CHE CHEMED CORP
Accepted 2023-02-22 00:00:00 ET · period of report 2023-02-17 · accession 0001209191-23-011572 · 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 | 2023-02-22 | 2023-02-17 | CHE | Westfall Nicholas Michael | EVP | M - OptEx | $515.12 | +1,224 | 7,780 | +19% | +$630.5K |
| D | 2023-02-22 | 2023-02-17 | CHE | Westfall Nicholas Michael | EVP | F - Tax | $515.12 | -548 | 7,676 | -7% | -$282.3K |
| DM | 2023-02-22 | 2023-02-17 | CHE | Westfall Nicholas Michael | EVP | M - OptEx | $0.00 | -772 | 2,128 | -27% | $0 |
| D | 2023-02-22 | 2023-02-17 | CHE | Westfall Nicholas Michael | EVP | A - Grant | $0.00 | +1,054 | 3,182 | +50% | $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 | 2023-02-17 | M | A | 444 | $515.12 | 8,224 | D | — | — | (F2) The number of PSUs that vested was based on the Company's achieving relative total shareholder returns for the period January 1, 2020 through December 31, 2022, compared to a defined peer group of companies. The Company's performance ranked in the 55.6th percentile of that group, yielding an award of 113.89%; including the reinvestment of dividends paid during such period, the award is 115% of target. |
| 2 | Common | capital stock | 2023-02-17 | M | A | 780 | $515.12 | 7,780 | D | — | — | (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, 2020 through December 31, 2022. The actual performance of 12.67% yielded an award of 200% of target; including the reinvestment of dividends paid during such period, the award is 202% of target. |
| 3 | Common | capital stock | 2023-02-17 | F | D | 548 | $515.12 | 7,676 | D | — | — | (F3) Shares withheld to satisfy tax obligations in connection with vesting of PSUs. |
| 4 | Derivative | performance stock units | 2023-02-17 | M | D | 386 | $0.00 | 2,514 | D | — · — to — | 386 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 21, 2020 vest based on achievement of performance targets over a period of January 1, 2020 to December 31, 2022. The determination of the performance level was to be made by March 15, 2023. |
| 5 | Derivative | performance stock units | 2023-02-17 | M | D | 386 | $0.00 | 2,128 | D | — · — to — | 386 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 21, 2020 vest based on achievement of performance targets over a period of January 1, 2020 to December 31, 2022. The determination of the performance level was to be made by March 15, 2023. |
| 6 | Derivative | performance stock units | 2023-02-17 | A | A | 1,054 | $0.00 | 3,182 | D | — · — to — | 1,054 capital stock | (F6) Each performance stock 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, 2023 to December 31, 2025. The determination of the performance level is to be made by March 15, 2026 and earned shares to be delivered thereafter. |