Earnings Feed
Start Free
CHEMED CORP·4

Feb 17, 4:36 PM ET

HUTTON THOMAS C 4

Research Summary

AI-generated summary

Updated

Chemed (CHE) VP/Director Thomas Hutton Exercises Options, Receives PSUs

What Happened

  • On Feb 13, 2026, Thomas C. Hutton (Vice President and Director of Chemed Corp, ticker CHE) reported multiple derivative and award transactions. He exercised/conversioned 199 shares at $469.56 per share (total value reported $93,442) and was credited with a grant/award of 374 shares (PSUs settled in shares). To satisfy tax obligations, 72 shares were withheld (disposed) — reported value $33,808. The filing also shows two reported derivative dispositions of 160 shares each at $0.00 (see footnotes for PSU settlement details). These actions reflect option/derivative exercises and the settlement of performance-based awards rather than an open-market sale.

Key Details

  • Transaction date: 2026-02-13; Form 4 filed 2026-02-17 (timely).
  • Option exercise: 199 shares @ $469.56 → $93,442 acquired.
  • Award/settlement: 374 shares (PSUs) acquired (no cash price reported).
  • Tax withholding: 72 shares disposed to satisfy tax obligations (F4) — reported $33,808.
  • Two derivative disposals of 160 shares each reported at $0.00 (see F5–F7 for PSU settlement mechanics).
  • Footnotes of note:
    • F1: EPS-based PSU portion exceeded the maximum threshold (award ≈123% of target; 124.1% incl. reinvested dividends).
    • F3: Relative TSR PSU portion paid out at 0% of target.
    • F4: Shares were withheld to satisfy tax obligations on vesting.
    • F2: Administrative correction — prior filing overstated holdings by 673 shares.
    • F5–F8: Describe that PSUs are contingent rights that vest based on performance and are settled in shares; performance periods and measurement dates are specified.
  • Shares owned after the transactions are not shown in the excerpt provided.

Context

  • These filings reflect an options/derivative exercise and the settlement of performance stock units (PSUs). The withholding of shares for taxes is a routine administrative step and is coded as F (tax withholding) in the Form 4. PSUs are performance-based awards and their final share counts depend on measured performance (see footnotes F1 and F3). The Form 4 was filed within the required reporting window.