Thomas C. Hutton - 16 Feb 2024 Form 4 Insider Report for CHEMED CORP (CHE)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
20 Feb 2024, 15:49:21 UTC
Prior SEC filing
07 Nov 2023
Next SEC filing
07 Mar 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Thomas C. Hutton

Key filing fact

Thomas C. Hutton filed Form 4 for CHEMED CORP (CHE) on 20 Feb 2024.

Key facts

  • This page summarizes Thomas C. Hutton's Form 4 filing for CHEMED CORP (CHE).
  • 6 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 20 Feb 2024, 15:49.

Change

  • Previous filing in this sequence was filed on 07 Nov 2023.
  • Current net transaction value: +$78,003.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CHE transaction

Capital Stock

Options Exercise

Transaction value
$49,265
Shares
+84
Change %
+0.23%
Price
$586.49
Shares after
36,276
Date
16 Feb 2024
Ownership
Direct
Footnotes
F1
CHE transaction

Capital Stock

Options Exercise

Transaction value
$73,898
Shares
+126
Change %
+0.35%
Price
$586.49
Shares after
36,402
Date
16 Feb 2024
Ownership
Direct
Footnotes
F2
CHE transaction

Capital Stock

Tax liability

Transaction value
$45,160
Shares
-77
Change %
-0.21%
Price
$586.49
Shares after
36,325
Date
16 Feb 2024
Ownership
Direct
Footnotes
F3
CHE holding

Capital Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
3,026
Date
16 Feb 2024
Ownership
by spouse
CHE holding

Capital Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
6,058
Date
16 Feb 2024
Ownership
by son
CHE holding

Capital Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
6,070
Date
16 Feb 2024
Ownership
by daughter
CHE holding

Capital Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
5,900
Date
16 Feb 2024
Ownership
by son

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CHE transaction Derivative

Performance Share Units

Options Exercise

Transaction value
$0
Shares
-134
Change %
-15%
Price
$0.000000
Shares after
766
Date
16 Feb 2024
Ownership
Direct
Underlying class
Capital Stock
Underlying amount
134
Exercise price
Footnotes
F4, F5
CHE transaction Derivative

Performance Share Units

Options Exercise

Transaction value
$0
Shares
-134
Change %
-17%
Price
$0.000000
Shares after
632
Date
16 Feb 2024
Ownership
Direct
Underlying class
Capital Stock
Underlying amount
134
Exercise price
Footnotes
F4, F5
CHE transaction Derivative

Performance Share Units

Award

Transaction value
$0
Shares
+294
Change %
+47%
Price
$0.000000
Shares after
926
Date
16 Feb 2024
Ownership
Direct
Underlying class
Capital Stock
Underlying amount
294
Exercise price
Footnotes
F6, F7
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote 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.

Footnote 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.

Footnote F3

Shares withheld to satisfy tax obligations in connection with vesting of PSUs.

Footnote 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.

Footnote 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.

Footnote F6

Each performance share unit represents a contingent right to receive one share of Chemed Capital Stock.

Footnote 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.

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