Luis Rojo - 14 Feb 2023 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
14 Feb 2023
Net transactions value
$0
Form type
4
Filing time
16 Feb 2023, 18:49:22 UTC
Previous filing
02 Aug 2022
Next filing
21 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 Options Exercise +3,833 +117% 7,105 14 Feb 2023 Direct F1
holding SCL Common Stock 314 14 Feb 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 -2,346 -100% 0 14 Feb 2023 Common Stock 2,346 Direct F1
transaction SCL Performance Shares Award $0 +4,094 $0.000000 4,094 14 Feb 2023 Common Stock 4,094 Direct F3
transaction SCL Restricted Stock Units Award $0 +2,047 $0.000000 2,047 14 Feb 2023 Restricted Stock Units 2,047 Direct F4, F5
transaction SCL Stock Appreciation Right Award $0 +5,695 $0.000000 5,695 14 Feb 2023 Common Stock 5,695 $109.92 Direct F5
holding SCL Share Units 2,261 14 Feb 2023 Common Stock 2,261 Direct F2, F6, F7, F8
* 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.
F8 Share Units owned under the MIP are generally payable at end of employment, unless otherwise elected.