XML 19 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2024
USD ($)
$ / shares
Dec. 31, 2023
USD ($)
$ / shares
Dec. 31, 2022
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
$ / shares
Dec. 31, 2020
USD ($)
$ / shares
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table

Average Summary

Average

Summary

Compensation

Compensation

Compensation

Peer Group

Compensation

Actually

Table Total

Actually Paid

Total

Total

Net

Table for

Paid to

For Non-PEO

Non-PEO

Shareholder

Shareholder

Income

Adjusted

PEO

PEO

NEOs

NEOs

Return

Return

(000)

EPS

Year

($)

($)(1)

($)(1)

($)(2)

($)

($)(3)

($)(a)

($)(b)(4)

2024

12,769,564 

6,002,636 

3,551,842 

1,385,989 

122.41 

190.22 

301,999 

23.85 

2023

12,625,106 

19,202,131 

3,681,708 

5,745,392 

134.68 

151.02 

272,509 

21.21 

2022

11,609,033 

10,125,511 

3,852,849 

3,590,451 

117.23 

126.17 

249,624 

19.91 

2021

11,659,622 

13,278,416 

3,807,705 

4,473,652 

121.14 

128.47 

268,550 

20.25 

2020

11,958,423 

21,517,491 

3,723,769 

6,310,889 

121.59 

130.14 

319,466 

18.08 

(a)U.S. GAAP, as reported.

(b)Adjusted Earnings Per Shares as used to calculated key executive incentive compensation, as shown on page 19.

        
Company Selected Measure Name Adjusted Earnings Per Shares        
Named Executive Officers, Footnote

Named Executive Officers

Years Included

Kevin J. McNamara (PEO)

2020-2024

Michael D. Witzeman

2020-2024

Nicholas M. Westfall

2020-2024

Spencer S. Lee

2020-2024

Brian C. Judkins

2024

David P. Williams

2020-2023

        
Peer Group Issuers, Footnote

ABM Industries, Inc.

Option Care Health, Inc.

Acadia Healthcare Co., Inc.

Pediatrix Medical Group

Addus Homecare Corp.

(formerly MEDNAX, INC.)

Amedisys, Inc.

Premier, Inc.

AMN Healthcare Services, Inc.

RadNet, Inc.

Brookdale Senior Living, Inc.

Rollins, Inc.

Clean Harbors, Inc.

Select Medical Holdings Corp.

Comfort Systems USA, Inc.

Surgery Partners, Inc.

Encompass Health Corp.

Team, Inc.

Healthcare Services Group, Inc.

Tetra Tech, Inc.

National Healthcare Corp.

The Ensign Group, Inc.

        
PEO Total Compensation Amount $ 12,769,564 $ 12,625,106 $ 11,609,033 $ 11,659,622 $ 11,958,423
PEO Actually Paid Compensation Amount $ 6,002,636 19,202,131 10,125,511 13,278,416 21,517,491
Adjustment To PEO Compensation, Footnote

PEO

12/31/2020

12/31/2021

12/31/2022

12/31/2023

12/31/2024

Summary Compensation Table Total

$11,958,423

$11,659,622

$11,609,033

$12,625,106

$12,769,564

Aggregate change in the actuarial present value of pension

(44,225)

(39,857)

(31,266)

(25,165)

(14,969)

Actuarially determined service costs of pension

26,356

26,356

26,356

26,356

26,356

Values reported in the stock awards column on

Summary Compensation Table

(2,168,162)

(1,893,990)

(2,135,216)

(2,511,638)

(2,375,477)

Values reported in the stock options column on

Summary Compensation Table

(4,021,813)

(3,566,649)

(3,744,820)

(4,200,094)

(4,619,937)

Year-end fair value for stock awards granted in covered fiscal year

(outstanding and unvested)

2,385,977

2,987,111

2,510,610

3,221,154

2,315,424

Year-end fair value for stock options granted in covered fiscal year

(outstanding and unvested)

4,493,272

4,986,266

4,944,102

5,933,790

3,143,815

Prior year stock awards fair value (CY vs. PY change only)

1,142,283

(1,042,355)

(1,545,245)

1,317,900

(1,496,915)

Prior year stock options fair value (CY vs. PY change only)

7,745,380

161,912

(1,508,043)

2,814,722

(3,745,225)

Total adjustments

9,559,068

1,618,794

(1,483,522)

6,577,025

(6,766,928)

Total Compensation Actually Paid

$21,517,491

$13,278,416

$10,125,511

$19,202,131

$6,002,636

        
Non-PEO NEO Average Total Compensation Amount $ 3,551,842 3,681,708 3,852,849 3,807,705 3,723,769
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,385,989 5,745,392 3,590,451 4,473,652 6,310,889
Adjustment to Non-PEO NEO Compensation Footnote

NEO

12/31/2020

12/31/2021

12/31/2022

12/31/2023

12/31/2024

Summary Compensation Table Total

$3,723,769

$3,807,705

$3,852,849

$3,681,708

$3,551,842

Aggregate change in the actuarial present value of pension

(10,131)

(9,130)

(7,162)

(5,765)

(1,699)

Actuarially determined service costs of pension

6,038

6,038

6,038

6,038

2,991

Values reported in the stock awards column on

Summary Compensation Table

(554,185)

(479,222)

(545,942)

(592,308)

(535,270)

Values reported in the stock options column on

Summary Compensation Table

(1,222,280)

(1,347,630)

(1,409,987)

(1,055,725)

(1,420,707)

Year-end fair value for stock awards granted in covered fiscal year

(outstanding and unvested)

609,859

755,806

641,924

759,630

521,738

Year-end fair value for stock options granted in covered fiscal year

(outstanding and unvested)

1,365,563

1,884,025

1,861,536

1,491,502

966,775

Prior year stock awards fair value (CY vs. PY change only)

234,760

(189,503)

(391,251)

336,753

(547,263)

Prior year stock options fair value (CY vs. PY change only)

2,157,496

45,563

(417,554)

1,123,559

(1,152,418)

Total adjustments

2,587,120

665,947

(262,398)

2,063,684

(2,165,853)

Total Compensation Actually Paid

$6,310,889

$4,473,652

$3,590,451

$5,745,392

$1,385,989

        
Compensation Actually Paid vs. Total Shareholder Return RELATIONSHIP BETWEEN PAY AND PERFORMANCE

Below is a graph showing the relationship of Compensation Actually Paid to our Chief Executive Officer and other named excecutive officers in 2020, 2021, 2022, 2023 and 2024 to the TSR of Chemed Corporation, the S&P 500 and the Dow Jones Diversified Industrials. Compensation Actually Paid as required under SEC rules, reflects adjusted values to unvested and vested equity awards during the years shown in the table based on year-end stock prices, various accounting valuations assumptions and projected performance modifers but does not reflect actual amounts paid for those awards.

Picture 2

   		       
Tabular List, Table

Measure

Explanation

Adjusted Earnings Per Share

A non-GAAP measure that consists of diluted net income per share that is then adjusted to eliminate the effect of certain items that the Compensation Committee determines in its discretion should be excluded for compensation purposes.

Total Stockholder Return

A measure of financial performance, indicating the total amount a stockholder earns from an investment in the Company. Based on the change in stock price over a given period of time, and assuming the reinvestment of dividends.

Return on Assets

A financial ratio that indicates how profitable the Company is in relation to its total assets.

        
Total Shareholder Return Amount $ 122.41 134.68 117.23 121.14 121.59
Peer Group Total Shareholder Return Amount 190.22 151.02 126.17 128.47 130.14
Net Income (Loss) $ 301,999 $ 272,509 $ 249,624 $ 268,550 $ 319,466
Company Selected Measure Amount | $ / shares 23.85 21.21 19.91 20.25 18.08
PEO Name Kevin J. McNamara        
Measure [Axis]: 1          
Pay vs Performance Disclosure          
Name Adjusted Earnings Per Share        
Non-GAAP Measure Description A non-GAAP measure that consists of diluted net income per share that is then adjusted to eliminate the effect of certain items that the Compensation Committee determines in its discretion should be excluded for compensation purposes.        
Measure [Axis]: 2          
Pay vs Performance Disclosure          
Name Total Stockholder Return        
Measure [Axis]: 3          
Pay vs Performance Disclosure          
Name Return on Assets        
PEO [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation Amount $ (6,766,928) $ 6,577,025 $ (1,483,522) $ 1,618,794 $ 9,559,068
PEO [Member] | Aggregate Change in Actuarial Present Value of Pension [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation Amount (14,969) (25,165) (31,266) (39,857) (44,225)
PEO [Member] | Actuarially Determined Service Costs of Pension [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation Amount 26,356 26,356 26,356 26,356 26,356
PEO [Member] | Values Reported in Stock Awards Column on Summary Compensation Table [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation Amount (2,375,477) (2,511,638) (2,135,216) (1,893,990) (2,168,162)
PEO [Member] | Values Reported in Stock Options Column on Summary Compensation Table [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation Amount (4,619,937) (4,200,094) (3,744,820) (3,566,649) (4,021,813)
PEO [Member] | Year-End Fair Value for Stock Awards Granted in Covered Fiscal Year (Outstanding and Unvested) [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation Amount 2,315,424 3,221,154 2,510,610 2,987,111 2,385,977
PEO [Member] | Year-End Fair Value for Stock Options Granted in Covered Fiscal Year (Outstanding and Unvested) [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation Amount 3,143,815 5,933,790 4,944,102 4,986,266 4,493,272
PEO [Member] | Prior Year Stock Awards Fair Value [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation Amount (1,496,915) 1,317,900 (1,545,245) (1,042,355) 1,142,283
PEO [Member] | Prior Year Stock Options Fair Value [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation Amount (3,745,225) 2,814,722 (1,508,043) 161,912 7,745,380
Non-PEO NEO [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation Amount (2,165,853) 2,063,684 (262,398) 665,947 2,587,120
Non-PEO NEO [Member] | Aggregate Change in Actuarial Present Value of Pension [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation Amount (1,699) (5,765) (7,162) (9,130) (10,131)
Non-PEO NEO [Member] | Actuarially Determined Service Costs of Pension [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation Amount 2,991 6,038 6,038 6,038 6,038
Non-PEO NEO [Member] | Values Reported in Stock Awards Column on Summary Compensation Table [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation Amount (535,270) (592,308) (545,942) (479,222) (554,185)
Non-PEO NEO [Member] | Values Reported in Stock Options Column on Summary Compensation Table [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation Amount (1,420,707) (1,055,725) (1,409,987) (1,347,630) (1,222,280)
Non-PEO NEO [Member] | Year-End Fair Value for Stock Awards Granted in Covered Fiscal Year (Outstanding and Unvested) [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation Amount 521,738 759,630 641,924 755,806 609,859
Non-PEO NEO [Member] | Year-End Fair Value for Stock Options Granted in Covered Fiscal Year (Outstanding and Unvested) [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation Amount 966,775 1,491,502 1,861,536 1,884,025 1,365,563
Non-PEO NEO [Member] | Prior Year Stock Awards Fair Value [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation Amount (547,263) 336,753 (391,251) (189,503) 234,760
Non-PEO NEO [Member] | Prior Year Stock Options Fair Value [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation Amount $ (1,152,418) $ 1,123,559 $ (417,554) $ 45,563 $ 2,157,496