Brian C. Judkins - Feb 16, 2024 Form 4 Insider Report for CHEMED CORP (CHE)

Role: VP and Chief Legal Officer
Signature: Brian C. Judkins
Stock symbol: CHE
Transactions as of: Feb 16, 2024
Transactions value $: $151,314
Form type: 4
Date filed: 2/20/2024, 03:22 PM
Previous filing: Oct 26, 2023
Next filing: Mar 22, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CHE	Capital Stock	Options Exercise	$86.2K	+147	+30.95%	$586.49	622	Feb 16, 2024	Direct	F1
transaction	CHE	Capital Stock	Options Exercise	$130K	+221	+35.53%	$586.49	843	Feb 16, 2024	Direct	F2
transaction	CHE	Capital Stock	Tax liability	-$64.5K	-110	-13.05%	$586.49	733	Feb 16, 2024	Direct	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CHE	Performance Share Units	Options Exercise	$0	-236	-14.86%	$0.00	1.35K	Feb 16, 2024	Capital Stock	236		Direct	F4, F5
transaction	CHE	Performance Share Units	Options Exercise	$0	-236	-17.46%	$0.00	1.12K	Feb 16, 2024	Capital Stock	236		Direct	F4, F5
transaction	CHE	Performance Share Units	Award	$0	+648	+58.06%	$0.00	1.76K	Feb 16, 2024	Capital Stock	648		Direct	F6, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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.