CHEMED (CHE) VP Thomas C. Hutton Exercises Stock Options

What Happened
Thomas C. Hutton, a vice president and director at Chemed Corp (CHE), exercised stock options on 2026-09-28 for 4,629 shares with an exercise price of $445.35 (transaction value of the exercised options ≈ $2,061,525). To satisfy the exercise price and tax withholding, 4,270 shares were surrendered/withheld at an implied value of $506.65 each (≈ $2,163,396). The result appears to be a cashless-style exercise with most shares withheld; net shares retained from this transaction = 4,629 − 4,270 = 359 shares.

Key Details

• Transaction date: 2026-09-28; Form 4 filed 2026-09-29 (filed the next day).
• Exercise details: 4,629 shares exercised at $445.35 per share (code M).
• Withholding/payment: 4,270 shares withheld/used to pay exercise price and taxes at $506.65 (code F).
• Net shares retained from the exercise: 359 shares (4,629 − 4,270).
• Footnotes: F1 — payment of purchase price and tax obligation on option exercise; F2 — options vest in three equal annual installments commencing 10/28/2022.
• Shares owned after the transaction: not specified in the provided filing details.

Context
This was an options exercise (derivative conversion) with immediate withholding to cover taxes and/or the exercise cost, a common, routine outcome when insiders exercise options. Transaction codes: M = option exercise/conversion; F = payment of exercise price/tax withholding. The filing was submitted the day after the transaction, indicating timely reporting.