Mr. Richard Stepan - 15 Feb 2022 Form 4 Insider Report for STEPAN CO (SCL)

Role: V.P. and Gen'l. Mgr., Polymers
Signature: /s/ Stephanie Jane Pacitti, attorney-in-fact for Richard F. Stepan
Issuer symbol: SCL
Transactions as of: 15 Feb 2022
Net transactions value: +$850,225
Form type: 4
Filing time: 17 Feb 2022, 20:33:59 UTC
Next filing: 07 Mar 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		+529	+0.25%		210,911	15 Feb 2022	Direct	F1
transaction	SCL	Common Stock	Award	$8,543	+77	+8.3%	$111.26	1,002	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		-433	-100%		0	15 Feb 2022	Common Stock	433		Direct	F1
transaction	SCL	Stock Appreciation Right	Award	$841,682	+7,565		$111.26	7,565	16 Feb 2022	Common Stock	7,565	$111.26	Direct	F3
transaction	SCL	Performance Shares	Award	$0	+1,618		$0.000000	1,618	16 Feb 2022	Common Stock	1,618		Direct	F4

* 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 one share of Stepan Company common stock. The performance shares vest upon Stepan Company achieving certain financial targets by December 31, 2024.