David Kabbes - Feb 14, 2023 Form 4 Insider Report for STEPAN CO (SCL)

Role
VP GC & Secretary
Signature
/s/ Stephanie J. Pacitti, Attorney-in-Fact for David G. Kabbes
Stock symbol
SCL
Transactions as of
Feb 14, 2023
Transactions value $
$0
Form type
4
Date filed
2/16/2023, 05:59 PM
Previous filing
Mar 7, 2022
Next filing
Feb 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCL Common Stock Options Exercise +3.19K +63.85% 8.2K Feb 14, 2023 By DGK Living Trust F1
holding SCL Common Stock 208 Feb 14, 2023 By ESOP II Trust F2

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 -1.96K -100% 0 Feb 14, 2023 Common Stock 1.96K Direct F1
transaction SCL Performance Shares Award $0 +2.73K $0.00 2.73K Feb 14, 2023 Common Stock 2.73K Direct F3
transaction SCL Restricted Stock Units Award $0 +1.37K $0.00 1.37K Feb 14, 2023 Restricted Stock Units 1.37K Direct F4, F5
transaction SCL Stock Appreciation Right Award $0 +3.8K $0.00 3.8K Feb 14, 2023 Common Stock 3.8K $109.92 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, 2022.
F2 Includes exempt acquisitions under Rule 16a-11 pursuant to dividend reinvestments since the date of the reporting person's last report.
F3 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, 2025.
F4 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Stepan Company common stock.
F5 Vests ratably over three years beginning on the date shown.