Form 4: Chemed Corp Executive Vice President Spencer S. Lee Reports Stock Transactions
SEC Form 4
Executive Vice President Spencer S. Lee of Chemed Corp reports the acquisition and disposal of company stock and stock options on March 28, 2024.
Summary
- On March 28, 2024, Spencer S. Lee, Executive Vice President of Chemed Corp, reported transactions involving the company's capital stock and stock options.
- Lee disposed of 2,000 shares of capital stock at a price of $641.65 per share.
- Lee acquired 13,000 shares of capital stock through the exercise of stock options at a price of $106.59 per share.
- Lee disposed of 7,080 shares to cover the purchase price and tax obligations related to the stock option exercise at $643.78.
- Following these transactions, Lee directly owns 26,680 shares of Chemed Corp capital stock.
- Lee also owns derivative securities in the form of stock options, with 24,437 options beneficially owned following the reported transactions.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the buying and selling activities of company executives. It allows investors to monitor management's perspective on the company's stock.
Stakeholder Impact
- Shareholders are informed about the executive's transactions, which can influence their perception of the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 11/07/2015 | Commencement date for vesting of stock options in three equal annual installments. |
| 03/28/2024 | Date of the reported transactions involving capital stock and stock options. |
| 04/01/2024 | Date of signature for the Form 4 filing. |
| 11/07/2024 | Expiration date for stock options. |
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