Richard F. Stepan - Feb 15, 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
Stock symbol
SCL
Transactions as of
Feb 15, 2022
Transactions value $
$850,225
Form type
4
Date filed
2/17/2022, 08:33 PM
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 +529 +0.25% 211K Feb 15, 2022 Direct F1
transaction SCL Common Stock Award $8.54K +76.8 +8.3% $111.26 1K 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 -433 -100% 0 Feb 15, 2022 Common Stock 433 Direct F1
transaction SCL Stock Appreciation Right Award $842K +7.57K $111.26 7.57K Feb 16, 2022 Common Stock 7.57K $111.26 Direct F3
transaction SCL Performance Shares Award $0 +1.62K $0.00 1.62K Feb 16, 2022 Common Stock 1.62K 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.