Jason Scott Keiper - Feb 15, 2022 Form 4 Insider Report for STEPAN CO (SCL)

Role
VP & Chief Tech & Sust Officer
Signature
/s/ Stephanie J. Pacitti, Attorney-in-Fact for Jason Scott Keiper
Stock symbol
SCL
Transactions as of
Feb 15, 2022
Transactions value $
$8,543
Form type
4
Date filed
2/18/2022, 11:06 AM
Next filing
Aug 26, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCL Common Stock Options Exercise +1.18K +49.66% 3.55K Feb 15, 2022 Direct F1, F2
transaction SCL Common Stock Award $8.54K +76.8 +62.43% $111.26 200 Feb 16, 2022 By ESOP II Trust F3

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 Performance Shares Options Exercise -964 -100% 0 Feb 15, 2022 Common Stock 964 Direct F1
transaction SCL Stock Appreciation Right Award $0 +5.04K $0.00 5.04K Feb 16, 2022 Common Stock 5.04K $111.26 Direct F4
transaction SCL Performance Shares Award $0 +1.08K $0.00 1.08K Feb 16, 2022 Common Stock 1.08K Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The performance shares vested upon Stepan Company achieving certain financial targets by December 31, 2021.
F2 Includes exempt acquisitions under Rule 16b-3(c) and Rule 16b-3(d) since the date of the reporting person's last report.
F3 Includes exempt acquisitions under Rule 16a-11 pursuant to dividend reinvestments since the date of the reporting person's last report.
F4 Vests ratably over three years beginning on date shown.
F5 Each performance share represents a contingent right to receive one share of Stepan Company common stock. The performance shares vest upon Stepan Company achieving certain financial targets by December 31, 2024.