David P. Williams - Feb 17, 2023 Form 4 Insider Report for CHEMED CORP (CHE)

Role: executive vice president & CFO
Signature: David P. Williams
Stock symbol: CHE
Transactions as of: Feb 17, 2023
Transactions value $: $472,880
Form type: 4
Date filed: 2/22/2023, 12:48 PM
Previous filing: Nov 14, 2022
Next filing: Mar 21, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CHE	capital stock	Options Exercise	$536K	+1.04K	+4.42%	$515.12	24.6K	Feb 17, 2023	Direct	F1
transaction	CHE	capital stock	Options Exercise	$305K	+592	+2.41%	$515.12	25.2K	Feb 17, 2023	Direct	F2
transaction	CHE	capital stock	Tax liability	-$368K	-714	-2.84%	$515.12	24.4K	Feb 17, 2023	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 stock units	Options Exercise	$0	-515	-13.13%	$0.00	3.41K	Feb 17, 2023	capital stock	515		Direct	F4, F5
transaction	CHE	performance stock units	Options Exercise	$0	-515	-15.12%	$0.00	2.89K	Feb 17, 2023	capital stock	515		Direct	F4, F5
transaction	CHE	performance stock units	Award	$0	+1.6K	+55.39%	$0.00	4.49K	Feb 17, 2023	capital stock	1.6K		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, 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.
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.
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 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.
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.