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

Reporting relationship: President & CEO, Director
Issuer ticker: SCL
Reported as of: 14 Feb 2024
Net transaction value: +$144,318
SEC form: 4
Accepted by SEC: 16 Feb 2024, 15:35:53 UTC
Prior SEC filing: 08 May 2023
Next SEC filing: 20 Feb 2024
Source filing: View source filing
Reporting owner signature: /s/ Stephanie J. Pacitti, Attorney-in-Fact for Scott R. Behrens

Key filing fact

Scott R. Behrens filed Form 4 for STEPAN CO (SCL) on 16 Feb 2024.

Key facts

This page summarizes Scott R. Behrens's Form 4 filing for STEPAN CO (SCL).
3 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 16 Feb 2024, 15:35.

Change

Previous filing in this sequence was filed on 08 May 2023.
Current net transaction value: +$144,318.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SCL transaction

Common Stock

Options Exercise

Transaction value: $210,556
Shares: +2,365
Change %: +18%
Price: $89.03
Shares after: 15,254
Date: 14 Feb 2024
Ownership: Direct
Footnotes: F2

SCL transaction

Common Stock

Tax liability

Transaction value: $66,238
Shares: -744
Change %: -4.9%
Price: $89.03
Shares after: 14,510
Date: 14 Feb 2024
Ownership: Direct
Footnotes: F1, F3

SCL holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 4,153
Date: 14 Feb 2024
Ownership: By Esop II Trust
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SCL transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -2,365
Change %: -33%
Price: $0.000000
Shares after: 4,731
Date: 14 Feb 2024
Ownership: Direct
Underlying class: Restricted Stock Units
Underlying amount: 2,365
Exercise price
Footnotes: F4, F5

SCL holding Derivative

Share Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 14,258
Date: 14 Feb 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 14,258
Exercise price
Footnotes: F1, F6, F7, F8

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote F1

Includes exempt acquisitions under Rule 16a-11 pursuant to dividend reinvestments since the date of the reporting person's last report.

Footnote F2

The restricted stock units ("RSUs") were settled in shares of common stock as per the terms of the award.

Footnote F3

Withholding of shares to satisfy tax liability on the vesting of RSUs.

Footnote F4

Each restricted stock unit ("RSU") represents a contingent right to receive one share of Stepan Company common stock.

Footnote F5

Vests ratably over three years beginning on the date shown.

Footnote 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.

Footnote F7

Share Units convert on a one-for-one basis into Common Stock.

Footnote 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.