Scott R. Behrens - Feb 15, 2022 Form 4 Insider Report for STEPAN CO (SCL)

Role
President & COO
Signature
/s/ Stephanie J. Pacitti, Attorney-in-Fact for Scott R. Behrens
Stock symbol
SCL
Transactions as of
Feb 15, 2022
Transactions value $
$146,232
Form type
4
Date filed
2/17/2022, 08:01 PM
Previous filing
Jun 16, 2021
Next filing
Mar 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCL Common Stock Options Exercise +3.18K +28.02% 14.5K Feb 15, 2022 Direct F1, F2
transaction SCL Common Stock Award $8.54K +76.8 +1.99% $111.26 3.94K Feb 16, 2022 By Esop II Trust F2

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 Performance Shares Options Exercise -2.6K -100% 0 Feb 15, 2022 Common Stock 2.6K Direct F1
transaction SCL Stock Appreciation Right Award $0 +25.2K $0.00 25.2K Feb 16, 2022 Common Stock 25.2K $111.26 Direct F3
transaction SCL Performance Shares Award $0 +5.39K $0.00 5.39K Feb 16, 2022 Common Stock 5.39K Direct F4
transaction SCL Share Units Award $138K +1.24K +13.53% $111.26 10.4K Feb 16, 2022 Common Stock 1.24K Direct F2, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The performance shares vested upon Stepan Company achieving certain financial targets by December 31, 2021.
F2 Includes exempt acquisitions under Rule 16a-11 pursuant to dividend reinvestments since the date of the reporting person's last report.
F3 Vests ratably over three years beginning on the date shown.
F4 Each performance share represents a contingent right to receive 1 share of Stepan Company Stock. The performance shares vest upon Stepan Company achieving certain financial targets by December 31, 2024.
F5 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.
F6 Share Units convert on a one-for-one basis into Common Stock.