Luis Rojo - 05 Nov 2021 Form 4 Insider Report for STEPAN CO (SCL)

Role
VP & Chief Financial Officer
Signature
/s/ Stephanie J. Pacitti, Attorney-in-Fact for Luis Rojo
Issuer symbol
SCL
Transactions as of
05 Nov 2021
Net transactions value
-$318,718
Form type
4
Filing time
09 Nov 2021, 14:23:07 UTC
Previous filing
16 Jun 2021
Next filing
18 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCL Common Stock Options Exercise $141,720 +2,000 +90% $70.86 4,210 05 Nov 2021 Direct F1
transaction SCL Common Stock Disposed to Issuer $141,818 -1,135 -27% $124.95 3,075 05 Nov 2021 Direct F2
transaction SCL Common Stock Tax liability $31,737 -254 -8.3% $124.95 2,821 05 Nov 2021 Direct F3
transaction SCL Common Stock Options Exercise $70,860 +1,000 +35% $70.86 3,821 05 Nov 2021 Direct F1
transaction SCL Common Stock Disposed to Issuer $70,849 -552 -14% $128.35 3,269 05 Nov 2021 Direct F2
transaction SCL Common Stock Tax liability $16,942 -132 -4% $128.35 3,137 05 Nov 2021 Direct F3
transaction SCL Common Stock Sale $100,012 -800 -26% $125.02 2,337 05 Nov 2021 Direct F4
transaction SCL Common Stock Sale $37,764 -300 -13% $125.88 2,037 05 Nov 2021 Direct F5
transaction SCL Common Stock Options Exercise $70,860 +1,000 +49% $70.86 3,037 08 Nov 2021 Direct F1
transaction SCL Common Stock Disposed to Issuer $70,906 -553 -18% $128.22 2,484 08 Nov 2021 Direct F2
transaction SCL Common Stock Tax liability $16,797 -131 -5.3% $128.22 2,353 08 Nov 2021 Direct F3
transaction SCL Common Stock Sale $115,332 -900 -38% $128.15 1,453 08 Nov 2021 Direct
holding SCL Common Stock 233 05 Nov 2021 By Esop II Trust F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SCL Stock Appreciation Right Options Exercise $0 -2,000 -22% $0.000000 7,221 05 Nov 2021 Common Stock 2,000 $70.86 Direct F7
transaction SCL Stock Appreciation Right Options Exercise $0 -1,000 -14% $0.000000 6,221 05 Nov 2021 Common Stock 1,000 $70.86 Direct F7
transaction SCL Stock Appreciation Right Options Exercise $0 -1,000 -16% $0.000000 5,221 08 Nov 2021 Common Stock 1,000 $70.86 Direct F7
holding SCL Share Units 2,224 05 Nov 2021 Common Stock 2,224 Direct F6, F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Stock Appreciation Rights ("SARS") were settled in shared of common stock as per the terms of the award.
F2 Deemed disposition of underlying common stock to the issuer in an amount equal to the conversion price of the SARs.
F3 Withholding of shares to satisfy tax liability on exercise of SARs.
F4 The price reported is a weighted average price. Shares were sold in a series of transactions within the same trading day at prices ranging from $124.738 to $125.51, inclusive. Full information regarding the number of shares sold at each separate price is available upon request by the Commission staff, the issuer, or a security holder of the issuer.
F5 The price reported is a weighted average price. Shares were sold in a series of transactions within the same trading day at prices ranging from $125.78 to $126.01, inclusive. Full information regarding the number of shares sold at each separate price is available upon request by the Commission staff, the issuer, or a security holder of the issuer.
F6 Includes exempt acquisitions under Rule 16a-11 pursuant to dividend reinvestments since the date of the reporting person's last report.
F7 Vests ratably over three years beginning on the date shown.
F8 Share units convert on a one-for-one basis into Common Stock.
F9 Share units are acquired under the Management Incentive Plan (As Amended and Restated Effective January 1, 2015) ("MIP"), a nonqualified deferred compensation plan which allows MIP participants to elect to defer all or a portion of their deferred compensation into accounts pursuant to MIP provisions.