Luis Rojo - Feb 14, 2024 Form 4 Insider Report for STEPAN CO (SCL)

Role
VP & Chief Financial Officer
Signature
/s/ Stephanie J. Pacitti, Attorney-in-Fact for Luis Rojo
Stock symbol
SCL
Transactions as of
Feb 14, 2024
Transactions value $
$39,707
Form type
4
Date filed
2/16/2024, 05:44 PM
Previous filing
Feb 21, 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 $60.7K +682 +9.54% $89.03 7.83K Feb 14, 2024 Direct F2
transaction SCL Common Stock Tax liability -$21K -236 -3.01% $89.03 7.6K Feb 14, 2024 Direct F1, F3
holding SCL Common Stock 411 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 -682 -33.32% $0.00 1.37K Feb 14, 2024 Restricted Stock Units 682 Direct F4, F5
holding SCL Share Units 2.3K Feb 14, 2024 Common Stock 2.3K Direct F1, 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 The restricted stock units ("RSUs") were settled in shares of common stock 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 convert on a one-for-one basis into Common Stock.
F7 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.