Dallob Naomi C 4
4 · CHEMED CORP · Filed Feb 25, 2020
Insider Transaction Report
Form 4
CHEMED CORPCHE
Dallob Naomi C
VP and Chief Legal Officer
Transactions
- Exercise/Conversion
performance stock units
2020-02-21−359→ 1,561 total→ capital stock (359 underlying) - Exercise/Conversion
capital stock
2020-02-21$487.90/sh+727$354,703→ 4,395 total - Exercise/Conversion
capital stock
2020-02-21$487.90/sh+593$289,325→ 4,988 total - Tax Payment
capital stock
2020-02-21$487.90/sh−441$215,164→ 4,547 total - Exercise/Conversion
performance stock units
2020-02-21−359→ 1,202 total→ capital stock (359 underlying) - Award
performance stock units
2020-02-21+494→ 1,696 total→ capital stock (494 underlying)
Footnotes (7)
- [F1]The number of performance share units ("PSU's") that vested was based on the Company's achieving adjusted earnings per share growth rate for the period January 1, 2017 through December 31, 2019. The actual performance of 24.29% yielded an award of 200% of target; including the reinvestment of dividends paid during such period, the award is 202.5% of target.
- [F2]The number of PSU's that vested was based on the Company's achieving relative total shareholder returns for the period January 1, 2017 through December 31, 2019, compared to a defined peer group of companies. The Company's performance ranked in the 79th percentile of that group, yielding an award of 163.2%; including the reinvestment of dividends paid during such period, the award is 165.2% of target.
- [F3]Shares withheld to satisfy tax obligations in connection with vesting of PSU's.
- [F4]Each PSU reflects the contingent right to receive a variable number of shares of capital stock based on achieving performance goals. PSU's were settled in shares on their scheduled vesting date as determined by the Compensation Committee.
- [F5]PSU's awarded February 17, 2017 vest based on achievement of performance targets over a period of January 1, 2017 to December 31, 2019. The determination of the performance level was to be made by March 15, 2020.
- [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, 2020 to December 31, 2022. The determination of the performance level is to be made by March 15, 2023 and earned shares to be delivered thereafter.