STEPAN CO — Director's Dealing 2021

Mar 17, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2021-03-15

Reporting Person: STEPAN F QUINN JR (Director, Chairman & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-01	Common Stock	G	80318	—	Disposed	17464	Indirect
2021-03-01	Common Stock	G	48000	—	Disposed	0	Indirect
2021-03-15	Common Stock	A	444.894	$128.49	Acquired	176352.903	Direct
2021-03-17	Common Stock	G	5308	—	Disposed	171044.903	Direct
2021-03-17	Common Stock	G	5308	—	Acquired	70177	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-15	Share Units	$	A	242.416	Acquired		Common Stock (242.416)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11708.509	Indirect

Footnotes

F1: Prior to the reported gift, the holdings were updated to reflect previously reported gifts of 26,400 shares from direct holdings that were transferred to Family Trust III.

F2: The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for the purpose of Section 16 or for any other purpose.

F3: Reflects acquisition of deferred share units under the Performance Award Deferred Compensation Plan ("Plan") pursuant to a dividend equivalent feature of the Plan.

F4: Joint Tenancy with Spouse.

F5: Reflects ESOP II acquisitions that have occurred since the Reporting Person's last ownership report covering ESOP II holdings.

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.

F7: Share Units convert on a one-for-one basis into Common Stock.

F8: Reflects acquisition of Share Units pursuant to a dividend equivalent feature of the MIP, generally payable at end of employment, unless otherwise elected.

F9: Price reported is the price of Common Stock on the date the dividend equivalents are payable pursuant to a dividend equivalent feature of the MIP.