F. Quinn Stepan Jr. - 26 Aug 2022 Form 4 Insider Report for STEPAN CO (SCL)

Role
Director
Signature
/s/ Stephanie J. Pacitti, Attorney-in-Fact for F. Quinn Stepan, Jr.
Issuer symbol
SCL
Transactions as of
26 Aug 2022
Net transactions value
-$583,880
Form type
4
Filing time
15 Nov 2022, 20:30:14 UTC
Previous filing
28 Apr 2022
Next filing
03 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCL Common Stock Gift $0 -132 -0.84% $0.000000 15,527 26 Aug 2022 By Father F1
transaction SCL Common Stock Gift $0 +132 +55% $0.000000 372 26 Aug 2022 By Spouse
transaction SCL Common Stock Gift $0 -1,104 -7.1% $0.000000 14,423 26 Aug 2022 By Father F1
transaction SCL Common Stock Gift $0 +1,104 +6.3% $0.000000 18,568 26 Aug 2022 By Family Trust III
transaction SCL Common Stock Gift $0 -10,320 -72% $0.000000 4,103 26 Aug 2022 By Father F1
transaction SCL Common Stock Sale $583,880 -5,308 -7.6% $110.00 64,869 11 Nov 2022 Direct F2
holding SCL Common Stock 200,967 26 Aug 2022 Direct F3, F4
holding SCL Common Stock 0 26 Aug 2022 By Esop II Trust F3
holding SCL Common Stock 25,304 26 Aug 2022 By Family Trust V F5

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
holding SCL Share Units 104,217 26 Aug 2022 Common Stock 104,217 Direct F4, F6, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person was appointed attorney-in-fact with respect to his father's shares of Stepan Company common stock on May 10, 2022. The reporting person disclaims beneficial ownership of the Stepan Company common stock held by his father.
F2 Joint Tenancy with Spouse.
F3 Since the date of the reporting person's last ownership report, the reporting person received a distribution of 11,956.752 shares held in his ESOP account pursuant to the terms of the ESOP, and those shares are now owned directly.
F4 Includes exempt acquisitions under Rule 16a-11 pursuant to dividend reinvestments since the date of the reporting person's last report.
F5 The reporting person was appointed trustee of the trust on June 17, 2022. A member of the reporting person's immediate family is beneficiary of the trust. The reporting person disclaims beneficial ownership of the Stepan Company common stock held by the trust.
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.
F8 Reflects acquisition of Share Units under the MIP, generally payable at end of employment, unless otherwise elected.