Jason Scott Keiper - Feb 14, 2023 Form 4 Insider Report for STEPAN CO (SCL)

Role
VP & Chief Tech & Sust Officer
Signature
/s/ Stephanie J. Pacitti, Attorney-in-Fact for Jason Scott Keiper
Stock symbol
SCL
Transactions as of
Feb 14, 2023
Transactions value $
$0
Form type
4
Date filed
2/16/2023, 06:08 PM
Previous filing
Aug 26, 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 +1.92K +44.86% 6.19K Feb 14, 2023 Direct F1, F2, F3
holding SCL Common Stock 203 Feb 14, 2023 By ESOP II Trust 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 Performance Shares Options Exercise -1.17K -100% 0 Feb 14, 2023 Common Stock 1.17K Direct F1
transaction SCL Performance Shares Award $0 +1.59K $0.00 1.59K Feb 14, 2023 Common Stock 1.59K Direct F4
transaction SCL Restricted Stock Units Award $0 +796 $0.00 796 Feb 14, 2023 Restricted Stock Units 796 Direct F5, F6
transaction SCL Stock Appreciation Right Award $0 +2.22K $0.00 2.22K Feb 14, 2023 Common Stock 2.22K $109.92 Direct 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, 2022.
F2 Includes exempt acquisitions under Rule 16b-3(c) and Rule 16b-3(d) since the date of the reporting person's last report.
F3 Includes exempt acquisitions under Rule 16a-11 pursuant to dividend reinvestments since the date of the reporting person's last report.
F4 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.
F5 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Stepan Company common stock.
F6 Vests ratably over three years beginning on the date shown.