STEPAN CO — Director's Dealing 2021

Feb 19, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2021-02-17

Reporting Person: Stefaniak Debra (VP, Business Enablement)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-17	Common Stock	M	1073	—	Acquired	9236.556	Direct
2021-02-17	Common Stock	A	73.968	$123.65	Acquired	1606.355	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-17	Employee Stock Option (Right to Buy)	$123.73	A	1233	Acquired	2031-02-16	Stock Option (Right to Buy) (1233)	Direct
2021-02-17	Stock Appreciation Right	$123.73	A	3700	Acquired	2031-02-16	Common Stock (3700)	Direct
2021-02-17	Performance Shares	$	A	970	Acquired		Common Stock (970)	Direct
2021-02-17	Performance Shares	$	M	1233	Disposed		Common Stock (1233)	Direct

Footnotes

F1: The performance shares vested upon Stepan Company achieving certain financial targets by December 31, 2020.

F2: Vests ratably over three years beginning on the date shown.

F3: Each performance share represents a contingent right to receive 1 share of Stepan Company common stock. The performance shares vest upon Stepan Company achieving certain financial targets by December 31, 2023.

F4: Each performance share represents a contingent right to receive 1 share of Stepan Company Stock. The performance shares vest upon Stepan Company achieving certain financial targets by December 31, 2020.