Janet A. Catlett - 15 Feb 2022 Form 4 Insider Report for STEPAN CO (SCL)

Role: VP, CHRO
Signature: /s/ Stephanie J. Pacitti, Attorney-in-Fact for Janet A. Catlett
Issuer symbol: SCL
Transactions as of: 15 Feb 2022
Net transactions value: +$8,543
Form type: 4
Filing time: 17 Feb 2022, 20:11:04 UTC
Previous filing: 26 Jul 2021
Next filing: 16 Feb 2023
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		+1,588	+53%		4,599	15 Feb 2022	Direct	F1, F2
transaction	SCL	Common Stock	Award	$8,543	+77	+40%	$111.26	271	16 Feb 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		-1,300	-100%		0	15 Feb 2022	Common Stock	1,300		Direct	F3, F4
transaction	SCL	Stock Appreciation Right	Award	$0	+5,043		$0.000000	5,043	16 Feb 2022	Common Stock	5,043	$111.26	Direct	F5
transaction	SCL	Performance Shares	Award	$0	+1,079		$0.000000	1,079	16 Feb 2022	Common Stock	1,079		Direct	F6
holding	SCL	Share Units						2,615	15 Feb 2022	Common Stock	2,615		Direct	F2, F7, F8

* 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	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, 2020.
F4	The performance shares vested upon Stepan Company achieving certain financial targets by December 31, 2021.
F5	Vests ratably over three years beginning on date shown.
F6	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.
F7	Share Units convert on a one-for-one basis into Common Stock.
F8	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.