David P. Williams - 18 Feb 2022 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
23 Feb 2022, 11:10:09 UTC
Prior SEC filing
02 Nov 2021
Next SEC filing
06 May 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
David P. Williams

Key filing fact

David P. Williams filed Form 4 for CHEMED CORP (CHE) on 23 Feb 2022.

Key facts

  • This page summarizes David P. Williams's Form 4 filing for CHEMED CORP (CHE).
  • 6 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 23 Feb 2022, 11:10.

Change

  • Previous filing in this sequence was filed on 02 Nov 2021.
  • Current net transaction value: +$551,264.

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
$593,563
Shares
+1,291
Change %
+4.7%
Price
$459.77
Shares after
28,821
Date
18 Feb 2022
Ownership
Direct
Footnotes
F1
CHE transaction

capital stock

Options Exercise

Transaction value
$386,667
Shares
+841
Change %
+2.9%
Price
$459.77
Shares after
29,662
Date
18 Feb 2022
Ownership
Direct
Footnotes
F2
CHE transaction

capital stock

Tax liability

Transaction value
$428,965
Shares
-933
Change %
-3.1%
Price
$459.77
Shares after
28,729
Date
18 Feb 2022
Ownership
Direct
Footnotes
F3

Reported derivative securities

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

CHE transaction Derivative

performance stock units

Options Exercise

Transaction value
$0
Shares
-639
Change %
-18%
Price
$0.000000
Shares after
3,005
Date
18 Feb 2022
Ownership
Direct
Underlying class
capital stock
Underlying amount
639
Exercise price
Footnotes
F4, F5
CHE transaction Derivative

performance stock units

Options Exercise

Transaction value
$0
Shares
-639
Change %
-21%
Price
$0.000000
Shares after
2,366
Date
18 Feb 2022
Ownership
Direct
Underlying class
capital stock
Underlying amount
639
Exercise price
Footnotes
F4, F5
CHE transaction Derivative

performance stock units

Award

Transaction value
$0
Shares
+1,556
Change %
+66%
Price
$0.000000
Shares after
3,922
Date
18 Feb 2022
Ownership
Direct
Underlying class
capital stock
Underlying amount
1,566
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 ("PSU's") that vested was based on the Company's achieving adjusted earnings per share growth rate for the period January 1, 2019 through December 31, 2021. The actual performance of 18.63% yielded an award of 200% of target; including the reinvestment of dividends paid during such period, the award is 202.0% of target.

Footnote F2

The number of PSU's that vested was based on the Company's achieving relative total shareholder returns for the period January 1, 2019 through December 31, 2021, compared to a defined peer group of companies. The Company's performance ranked in the 63rd percentile of that group, yielding an award of 130.26%; including the reinvestment of dividends paid during such period, the award is 131.6% of target.

Footnote F3

Shares withheld to satisfy tax obligations in connection with vesting of PSU's.

Footnote F4

Each PSU reflects the contingent right to receive a variable number of shares of capital stock based on achieving performance goals. PSU's were settled in shares on their scheduled vesting date as determined by the Compensation Committee.

Footnote F5

PSU's awarded February 22, 2019 vest based on achievement of performance targets over a period of January 1, 2019 to December 31, 2021. The determination of the performance level was to be made by March 15, 2022.

Footnote F6

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

Footnote F7

Performance stock units vest based on the extent to which the Company achieves certain performance targets over a performance period of January 1, 2022 to December 31, 2024. The determination of the performance level is to be made by March 15, 2025 and earned shares to be delivered thereafter.

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