Sean Thomas Moriarty - 15 Feb 2022 Form 4 Insider Report for STEPAN CO (SCL)

Role
VP & GM Surfactants
Signature
/s/ Stephanie J. Pacitti, Attorney-in-Fact for Sean T. Moriarty
Issuer symbol
SCL
Transactions as of
15 Feb 2022
Net transactions value
+$8,543
Form type
4
Filing time
18 Feb 2022, 11:46:52 UTC
Previous filing
16 Jun 2021
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 +2,381 +35% 9,123 15 Feb 2022 Direct F1, F2
transaction SCL Common Stock Award $8,543 +77 +1.9% $111.26 4,100 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 -1,950 -100% 0 15 Feb 2022 Common Stock 1,950 Direct F1
transaction SCL Stock Appreciation Right Award $0 +10,087 $0.000000 10,087 16 Feb 2022 Common Stock 10,087 $111.26 Direct F4
transaction SCL Performance Shares Award $0 +2,157 $0.000000 2,157 16 Feb 2022 Common Stock 2,157 Direct F5
holding SCL Share Units 5,478 15 Feb 2022 Common Stock 5,478 Direct F3, F6, F7
* 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 the date shown.
F5 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.
F6 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.
F7 Share Units convert on a one-for-one basis into Common Stock.