Form 4: Chemed Corp Executive Michael Witzeman Reports Stock Transactions
SEC Form 4 Filing
VP & Chief Financial Officer of Chemed Corp, Michael D. Witzeman, reports acquisition and disposal of company stock and stock options on May 7, 2024.
Summary
- On May 7, 2024, Michael D. Witzeman, VP & Chief Financial Officer of Chemed Corp, reported transactions involving Chemed Corp capital stock and stock options.
- Witzeman acquired 1,100 shares of capital stock at a price of $413.19.
- Witzeman disposed of 921 shares of capital stock at a price of $576.95 to cover tax obligations.
- Following these transactions, Witzeman directly owns 3,061 shares of capital stock.
- Witzeman also exercised stock options for 1,100 shares at $413.19.
- Following these transactions, Witzeman directly owns 37,833 stock options.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC to ensure transparency and prevent insider trading.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive, but the overall impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 10/29/2020 | Commencement date for vesting of stock options in three equal annual installments |
| 05/07/2024 | Date of stock and derivative transactions |
| 05/09/2024 | Date of signature for the Form 4 filing |
| 10/29/2024 | Expiration date of stock options |
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