Robert Joseph Haire - 01 May 2023 Form 3 Insider Report for STEPAN CO (SCL)

Role
EVP, Supply Chain
Signature
/s/ Stephanie J. Pacitti, attorney-in-fact for Robert Haire
Issuer symbol
SCL
Transactions as of
01 May 2023
Net transactions value
$0
Form type
3
Filing time
08 May 2023, 14:32:02 UTC
Next filing
20 Feb 2024
SEC
View on sec.gov

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 Performance Shares 01 May 2023 Common Stock 3,299 Direct F1
holding SCL Restricted Stock Units 01 May 2023 Restricted Stock Units 1,649 Direct F2, F3
holding SCL Stock Appreciation Right 01 May 2023 Common Stock 4,744 $90.95 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance share represents a contingent right to receive one share of Stepan Company common stock. The performance shares vest based upon Stepan Company achieving certain financial targets by December 31, 2025.
F2 Vest ratably over three years beginning on the date shown.
F3 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Stepan Company common stock.