Luis Rojo - 15 Feb 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
Issuer symbol
SCL
Transactions as of
15 Feb 2022
Net transactions value
+$8,543
Form type
4
Filing time
18 Feb 2022, 12:14:43 UTC
Previous filing
09 Nov 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 +3,176 +219% 4,629 15 Feb 2022 Direct F1
transaction SCL Common Stock Award $8,543 +77 +33% $111.26 310 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 -2,601 -100% 0 15 Feb 2022 Common Stock 2,601 Direct F1
transaction SCL Stock Appreciation Right Award $0 +13,449 $0.000000 13,449 16 Feb 2022 Common Stock 13,449 $111.26 Direct F3
transaction SCL Performance Shares Award $0 +2,876 $0.000000 2,876 16 Feb 2022 Common Stock 2,876 Direct F4
holding SCL Share Units 2,230 15 Feb 2022 Common Stock 2,230 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.