Scott R. Behrens - 14 Feb 2024 Form 4 Insider Report for STEPAN CO (SCL)

Role: President & CEO, Director
Signature: /s/ Stephanie J. Pacitti, Attorney-in-Fact for Scott R. Behrens
Issuer symbol: SCL
Transactions as of: 14 Feb 2024
Net transactions value: +$144,318
Form type: 4
Filing time: 16 Feb 2024, 15:35:53 UTC
Previous filing: 08 May 2023
Next filing: 20 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	$210,556	+2,365	+18%	$89.03	15,254	14 Feb 2024	Direct	F2
transaction	SCL	Common Stock	Tax liability	$66,238	-744	-4.9%	$89.03	14,510	14 Feb 2024	Direct	F1, F3
holding	SCL	Common Stock						4,153	14 Feb 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	Restricted Stock Units	Options Exercise	$0	-2,365	-33%	$0.000000	4,731	14 Feb 2024	Restricted Stock Units	2,365		Direct	F4, F5
holding	SCL	Share Units						14,258	14 Feb 2024	Common Stock	14,258		Direct	F1, F6, F7, F8

* 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	The restricted stock units ("RSUs") were settled in shares of common stock as per the terms of the award.
F3	Withholding of shares to satisfy tax liability on the vesting of RSUs.
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 are acquired under the Management Incentive Plan Amended and Restated as of January 1, 2010 ("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.