Richard F. Stepan - Feb 14, 2023 Form 4 Insider Report for STEPAN CO (SCL)

Role
V.P. and Gen'l. Mgr., Polymers
Signature
/s/ Stephanie Jane Pacitti, attorney-in-fact for Richard F. Stepan
Stock symbol
SCL
Transactions as of
Feb 14, 2023
Transactions value $
$0
Form type
4
Date filed
2/16/2023, 06:58 PM
Previous filing
Feb 10, 2023
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 +639 +0.34% 189K Feb 14, 2023 Direct F1

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 -391 -100% 0 Feb 14, 2023 Common Stock 391 Direct F1
transaction SCL Performance Shares Award $0 +2.05K $0.00 2.05K Feb 14, 2023 Common Stock 2.05K Direct F2
transaction SCL Restricted Stock Units Award $0 +1.02K $0.00 1.02K Feb 14, 2023 Restricted Stock Units 1.02K Direct F3, F4
transaction SCL Stock Appreciation Right Award $0 +2.85K $0.00 2.85K Feb 14, 2023 Common Stock 2.85K $109.92 Direct F4
* 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 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.
F3 Each restrited stock unit ("RSU") represents a contingent right to receive one share of Stepan Company common stock.
F4 Vests ratably over three years beginning on the date shown.