Sean Thomas Moriarty - 14 Feb 2025 Form 4 Insider Report for STEPAN CO (SCL)

Signature
/s/ Stephanie J. Pacitti, Attorney-in-Fact for Sean T. Moriarty
Issuer symbol
SCL
Transactions as of
14 Feb 2025
Net transactions value
+$18,543
Form type
4
Filing time
19 Feb 2025, 21:39:12 UTC
Previous filing
11 Mar 2024
Next filing
25 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCL Common Stock Options Exercise $28,408 +455 +3.9% $62.44 12,191 14 Feb 2025 Direct F1
transaction SCL Common Stock Tax liability $9,865 -158 -1.3% $62.44 12,033 14 Feb 2025 Direct F2
transaction SCL Common Stock Options Exercise +1,937 +16% 13,970 18 Feb 2025 Direct F3, F4, F5
holding SCL Common Stock 4,421 14 Feb 2025 By ESOP II Trust F4

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 -455 -50% $0.000000 455 14 Feb 2025 Restricted Stock Units 455 Direct F8, F9
transaction SCL Performance Shares Options Exercise -2,157 -100% 0 18 Feb 2025 Common Stock 2,157 Direct F3
holding SCL Share Units 5,751 14 Feb 2025 Common Stock 5,751 Direct F4, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units ("RSUs") were settled in shares of common stock per the terms of the award.
F2 Withholding of shares to satisfy tax liability on the vesting of RSUs.
F3 Each performance share represents a contingent right to receive one share of Stepan Company common stock. The performance shares vested upon the certification of Stepan Company achieving certain performance goals for the performance period ended December 31, 2024.
F4 Includes exempt acquisitions under Rule 16a-11 pursuant to dividend reinvestments since the date of the reporting person's last report.
F5 Includes exempt acquisitions under Rule 16b-3(c) and Rule 16b-3(d) since the date of the reporting person's last report.
F6 Share Units 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 owned under the MIP are generally payable at end of employment, unless otherwise elected.
F8 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Stepan Company common stock.
F9 Vests ratably over three years beginning on the date shown.