Scott R. Behrens - Feb 14, 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
Stock symbol
SCL
Transactions as of
Feb 14, 2024
Transactions value $
$144,318
Form type
4
Date filed
2/16/2024, 03:35 PM
Previous filing
May 8, 2023
Next filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCL Common Stock Options Exercise $211K +2.37K +18.35% $89.03 15.3K Feb 14, 2024 Direct F2
transaction SCL Common Stock Tax liability -$66.2K -744 -4.88% $89.03 14.5K Feb 14, 2024 Direct F1, F3
holding SCL Common Stock 4.15K Feb 14, 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 -2.37K -33.33% $0.00 4.73K Feb 14, 2024 Restricted Stock Units 2.37K Direct F4, F5
holding SCL Share Units 14.3K Feb 14, 2024 Common Stock 14.3K 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.