Chemed (CHE) VP/Chief Legal Officer Brian C. Judkins Exercises Options

What Happened
Brian C. Judkins, Vice President and Chief Legal Officer of Chemed Corp (CHE), exercised 6,786 stock options on 2026-08-10. The exercise price was $445.35 per share for a total exercise cost of $3,022,145. To cover the exercise price and related tax obligations, 5,878 shares were surrendered/withheld at a market value of $548.96 per share (total ≈ $3,226,787). After the withholding, Judkins retained a net 908 shares (6,786 exercised − 5,878 withheld). This is effectively a cashless exercise (options converted to shares with shares withheld to satisfy costs/taxes), not an open-market purchase.

Key Details

• Transaction date: 2026-08-10.
• Option exercise: 6,786 shares exercised @ $445.35 = $3,022,145 (code M).
• Tax/price withholding: 5,878 shares withheld/disposed @ $548.96 = $3,226,787 (code F; F1: payment of purchase price and tax obligation).
• Net shares retained: 908 shares (6,786 − 5,878).
• Vesting note: awards vest in three equal annual installments commencing 10/28/2022 (footnote F2).
• Filing: Reported on 2026-08-10 (transaction and report date match), indicating the filing appears timely; no late-filing indicator shown.

Context

• This was an exercise of options with shares withheld to cover costs and taxes (commonly called a cashless/net exercise); the filing shows conversion of the derivative and simultaneous withholding rather than an open-market sale. Such internal tax-withholding dispositions are routine administrative steps and don’t by themselves indicate a change in the insider’s view of the company.