Luis Rojo - Feb 15, 2022 Form 4 Insider Report for STEPAN CO (SCL)

Role
VP & Chief Financial Officer
Signature
/s/ Stephanie J. Pacitti, Attorney-in-Fact for Luis Rojo
Stock symbol
SCL
Transactions as of
Feb 15, 2022
Transactions value $
$8,543
Form type
4
Date filed
2/18/2022, 12:14 PM
Previous filing
Nov 9, 2021
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 +3.18K +218.58% 4.63K Feb 15, 2022 Direct F1
transaction SCL Common Stock Award $8.54K +76.8 +32.92% $111.26 310 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 -2.6K -100% 0 Feb 15, 2022 Common Stock 2.6K Direct F1
transaction SCL Stock Appreciation Right Award $0 +13.4K $0.00 13.4K Feb 16, 2022 Common Stock 13.4K $111.26 Direct F3
transaction SCL Performance Shares Award $0 +2.88K $0.00 2.88K Feb 16, 2022 Common Stock 2.88K Direct F4
holding SCL Share Units 2.23K Feb 15, 2022 Common Stock 2.23K Direct F2, F5, F6
* 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 1 share of Stepan Company Stock. The performance shares vest upon Stepan Company achieving certain financial targets by December 31, 2024.
F5 Share units convert on a one-for-one basis into Common Stock.
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.