F. Quinn Stepan Jr - Feb 1, 2023 Form 4 Insider Report for STEPAN CO (SCL)

Role
Director
Signature
/s/ Stephanie J. Pacitti, Attorney-in-Fact for F. Quinn Stepan, Jr.
Stock symbol
SCL
Transactions as of
Feb 1, 2023
Transactions value $
-$730,195
Form type
4
Date filed
2/3/2023, 09:47 AM
Previous filing
Nov 15, 2022
Next filing
Mar 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCL Common Stock Options Exercise +14K +6.93% 216K Feb 1, 2023 Direct F1
transaction SCL Common Stock Tax liability -$730K -6.65K -3.08% $109.84 209K Feb 1, 2023 Direct F2, 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 Share Units Options Exercise -14K -13.37% 90.6K Feb 1, 2023 Common Stock 14K Direct F1, F3, F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share unit was the economic equivalent of one share of Stepan Company common stock. On February 1, 2023, 13,979.183 of the reporting person's share units were settled for an equal number of shares of Stepan Company common stock.
F2 Withholding of shares to satisfy the tax liability on the distribution of share units.
F3 Includes exempt acquisitions under Rule 16a-11 pursuant to dividend reinvestments since the date of the reporting person's last report.
F4 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.
F5 Share Units convert on a one-for-one basis into Common Stock.
F6 Share Units are generally payable at end of employment, unless otherwise elected.