F. Quinn Stepan Jr. - 31 Jan 2024 Form 4 Insider Report for STEPAN CO (SCL)

Role
Director
Signature
/s/ Stephanie J. Pacitti, Attorney-in-Fact for F. Quinn Stepan, Jr.
Issuer symbol
SCL
Transactions as of
31 Jan 2024
Net transactions value
-$693,836
Form type
4
Filing time
02 Feb 2024, 14:39:09 UTC
Previous filing
02 Nov 2023
Next filing
15 Feb 2024
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 +15,146 +5.8% 274,166 31 Jan 2024 Direct F2
transaction SCL Common Stock Tax liability $647,745 -7,256 -2.6% $89.27 266,910 31 Jan 2024 Direct F1, F3
transaction SCL Common Stock Options Exercise +1,231 +20% 7,334 31 Jan 2024 By Father F4
transaction SCL Common Stock Tax liability $46,091 -516 -7% $89.27 6,817 31 Jan 2024 By Father F3
holding SCL Common Stock 0 31 Jan 2024 By Esop II Trust F1

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 -15,146 -16% 76,920 31 Jan 2024 Common Stock 15,146 Direct F1, F2, F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes exempt acquisitions under Rule 16a-11 pursuant to dividend reinvestments since the date of the reporting person's last report.
F2 Each share unit was the economic equivalent of one share of Stepan Company common stock. On January 31, 2024, 15,145.592 of the reporting person's share units were settled for an equal number of shares of Stepan Company common stock.
F3 Withholding of shares to satisfy the tax liability on the distribution of share units.
F4 Each share unit was the economic equivalent of one share of Stepan Company common stock. On January 31, 2024, 1,230.763 of the reporting person's father's share units were settled for an equal number of shares of Stepan Company common stock.
F5 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.
F6 Share Units convert on a one-for-one basis into Common Stock.
F7 Share Units are generally payable at end of employment, unless otherwise elected.