Jason Scott Keiper - 15 Feb 2022 Form 4 Insider Report for STEPAN CO (SCL)

Role: VP & Chief Tech & Sust Officer
Signature: /s/ Stephanie J. Pacitti, Attorney-in-Fact for Jason Scott Keiper
Issuer symbol: SCL
Transactions as of: 15 Feb 2022
Net transactions value: +$8,543
Form type: 4
Filing time: 18 Feb 2022, 11:06:59 UTC
Next filing: 26 Aug 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		+1,178	+50%		3,550	15 Feb 2022	Direct	F1, F2
transaction	SCL	Common Stock	Award	$8,543	+77	+62%	$111.26	200	16 Feb 2022	By ESOP II Trust	F3

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		-964	-100%		0	15 Feb 2022	Common Stock	964		Direct	F1
transaction	SCL	Stock Appreciation Right	Award	$0	+5,043		$0.000000	5,043	16 Feb 2022	Common Stock	5,043	$111.26	Direct	F4
transaction	SCL	Performance Shares	Award	$0	+1,079		$0.000000	1,079	16 Feb 2022	Common Stock	1,079		Direct	F5

* 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 16b-3(c) and Rule 16b-3(d) since the date of the reporting person's last report.
F3	Includes exempt acquisitions under Rule 16a-11 pursuant to dividend reinvestments since the date of the reporting person's last report.
F4	Vests ratably over three years beginning on date shown.
F5	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.