Scott R. Behrens - Feb 14, 2023 Form 4 Insider Report for STEPAN CO (SCL)

Role
President & CEO, Director
Signature
/s/ Stephanie J. Pacitti, Attorney-in-Fact for Scott R. Behrens
Stock symbol
SCL
Transactions as of
Feb 14, 2023
Transactions value $
$384,931
Form type
4
Date filed
2/16/2023, 05:33 PM
Previous filing
Aug 16, 2022
Next filing
Feb 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCL Common Stock Options Exercise +3.83K +31.49% 16K Feb 14, 2023 Direct F1, F2
holding SCL Common Stock 4K Feb 14, 2023 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 -2.35K -100% 0 Feb 14, 2023 Common Stock 2.35K Direct F1
transaction SCL Performance Shares Award $0 +14.2K $0.00 14.2K Feb 14, 2023 Common Stock 14.2K Direct F3
transaction SCL Restricted Stock Units Award $0 +7.1K $0.00 7.1K Feb 14, 2023 Restricted Stock Units 7.1K Direct F4, F5
transaction SCL Stock Appreciation Right Award $0 +19.7K $0.00 19.7K Feb 14, 2023 Common Stock 19.7K $109.92 Direct F5
transaction SCL Share Units Award $385K +3.5K +33.26% $109.92 14K Feb 14, 2023 Common Stock 3.5K Direct F2, 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, 2022.
F2 Includes exempt acquisitions under Rule 16a-11 pursuant to dividend reinvestments since the date of the reporting person's last report.
F3 Each performance share represents a contingent right to receive one share of Stepan Company common stock. The performance shares vest upon Stepan Company achieving certain financial targets by December 31, 2025.
F4 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Stepan Company common stock.
F5 Vests ratably over three years beginning on the date shown.
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.