Spencer S. Lee - Feb 14, 2025 Form 4 Insider Report for CHEMED CORP (CHE)

Role: executive vice president
Signature: Spencer S. Lee
Stock symbol: CHE
Transactions as of: Feb 14, 2025
Transactions value $: $404,528
Form type: 4
Date filed: 2/18/2025, 05:22 PM
Previous filing: Dec 2, 2024
Next filing: Mar 3, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CHE	Capital Stock	Options Exercise	$456K	+824	+4.52%	$553.39	19K	Feb 14, 2025	Direct	F1
transaction	CHE	Capital Stock	Options Exercise	$138K	+249	+1.31%	$553.39	19.3K	Feb 14, 2025	Direct	F2
transaction	CHE	Capital Stock	Tax liability	-$189K	-342	-1.77%	$553.39	19K	Feb 14, 2025	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	-408	-17.27%	$0.00	1.95K	Feb 14, 2025	Capital Stock	408		Direct	F4, F5
transaction	CHE	Performance Stock Units	Options Exercise	$0	-408	-20.88%	$0.00	1.55K	Feb 14, 2025	Capital Stock	408		Direct	F4, F5
transaction	CHE	Performance Stock Units	Award	$0	+822	+53.17%	$0.00	2.37K	Feb 14, 2025	Capital Stock	822		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 performace stock units ("PSUs") that vested was based on the Company's cumulative adjusted earnings per share for the period January 1, 2022 through December 31, 2024. The actual performance of $64.97 exceeded the maximum payout threshold of $63.75 and therefore yielded an award of 200% of target; including the reinvestment of dividends paid during such period, the award is 202.0% 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, 2022 through December 31, 2024, compared to a defined peer group of companies. The Company's performance ranked in the 31.3 percentile of that group, yielding an award of 60.4%; including the reinvestment of dividends paid during such period, the award is 61.0% 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 18, 2022 vest based on achievement of performance targets over a period of January 1, 2022 to December 31, 2024. The determination of the performance level is to be made by March 15, 2025.
F6	Each performance stock unit represents a contingent right to receive one share of Chemed Capital Stock
F7	Performance stock units vest based on the extent to which the Company achieves certain performance targets over a performance period of January 1, 2025 to December 31, 2027. The determination of the performance level is to be made by March 15, 2028 and earned shares to be delivered thereafter.