F. Quinn Stepan Jr - Feb 2, 2023 Form 4 Insider Report for STEPAN CO (SCL)

Role
Director
Signature
/s/ Stephanie J. Pacitti, Attorney-in-Fact for F. Quinn Stepan, Jr.
Stock symbol
SCL
Transactions as of
Feb 2, 2023
Transactions value $
-$314,174
Form type
4
Date filed
3/7/2024, 04:50 PM
Previous filing
Feb 3, 2023
Next filing
Feb 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCL Common Stock Options Exercise +1.13K +27.55% 5.23K Feb 2, 2023 By Father F2, F3
transaction SCL Common Stock Tax liability -$53.5K -474 -9.06% $112.91 4.76K Feb 2, 2023 By Father
transaction SCL Common Stock Gift $0 -8.11K -100% $0.00* 0 Mar 5, 2024 By Father
transaction SCL Common Stock Gift $0 -4.93K -22.27% $0.00 17.2K Mar 5, 2024 By Family Trust V
transaction SCL Common Stock Gift $0 -189 -1.1% $0.00 17K Mar 5, 2024 By Family Trust V
transaction SCL Common Stock Gift $0 +189 +22.83% $0.00 1.02K Mar 5, 2024 By Spouse
transaction SCL Common Stock Sale -$87.5K -1K -0.39% $87.49 255K Mar 5, 2024 Direct
transaction SCL Common Stock Sale -$173K -2K -0.79% $86.58 253K Mar 6, 2024 Direct F1, F4
holding SCL Common Stock 0 Feb 2, 2023 By Esop II Trust F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Since the date of the reporting person's last ownership report, the reporting person received a distribution of .411 shares held in his ESOP account pursuant to the terms of the ESOP, and those shares are now owned directly.
F2 Each share unit was the economic equivalent of one share of Stepan Company common stock. On February 2, 2023, 1,130.25 of the reporting person's father's share units were settled for an equal number of shares of Stepan Company common stock.
F3 Reflects an upward adjustment by 635.432 shares. These shares were not included in the initial report of the reporting person's father's shares of Stepan Company common stock when the reporting person was appointed attorney-in-fact with respect to such shares.
F4 The price reported is a weighted average price. Shares were sold in a series of transactions within the same trading day at prices ranging from $86.22 to $87.20, inclusive. Full information regarding the number of shares sold at each separate price is available upon request by the Commission staff, the issuer, or a security holder of the issuer.