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: Catlett Janet Anne (VP, CHRO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-17	Common Stock	M	448	—	Acquired	3142.593	Direct
2021-02-17	Common Stock	A	73.968	$123.65	Acquired	191.816	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-17	Stock Option (Right to Buy)	$123.73	A	1233	Acquired	2031-02-16	Common Stock (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	Share Units	$	A	1228.053	Acquired		Common Stock (1228.053)	Direct
2021-02-17	Performance Shares	$	M	515	Disposed		Common Stock (515)	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 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: Share Units convert on a one-for-one basis into Common Stock.

F5: 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.

F6: 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.