Debra Stefaniak - Aug 12, 2022 Form 4 Insider Report for STEPAN CO (SCL)

Role: VP, Business Enablement
Signature: /s/ Stephanie J. Pacitti, Attorney-in-Fact for Debra Stefaniak
Stock symbol: SCL
Transactions as of: Aug 12, 2022
Transactions value $: -$51,352
Form type: 4
Date filed: 8/16/2022, 02:05 PM
Previous filing: Feb 18, 2022
Next filing: Feb 10, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SCL	Common Stock	Options Exercise	$66.8K	+1.06K	+12.81%	$63.11	9.31K	Aug 12, 2022	Direct	F1
transaction	SCL	Common Stock	Disposed to Issuer	-$118K	-1.06K	-11.36%	$111.65	8.26K	Aug 12, 2022	Direct	F1
holding	SCL	Common Stock						446	Aug 12, 2022	By Esop II Trust	F2, 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	Stock Appreciation Right	Options Exercise	$0	-1.06K	-100%	$0.00^*	0	Aug 12, 2022	Common Stock	1.06K	$63.11	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The stock appreciation rights ("SARs") were settled in cash as per the terms of the award. For reporting purposes, however, the transaction is deemed to be a simultaneous acquisition and disposition of the underlying common stock and is reflected as such in this report.
F2	Since the date of the reporting person's last ownership report, the reporting person has disposed of 147.769 shares held in her ESOP pursuant to a diversification election made under the Internal Revenue Code.
F3	Includes exempt acquisitions under Rule 16a-11 pursuant to dividend reinvestments since the date of the reporting person's last report.