STEPAN CO — Director's Dealing 2022

Oct 31, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2022-10-27

Reporting Person: Mergner Arthur W (Exec VP, Supply Chain)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-10-27	Common Stock	M	583	$63.11	Acquired	24095.665	Direct
2022-10-27	Common Stock	M	1573	$61.91	Acquired	25668.665	Direct
2022-10-27	Common Stock	S	2156	$103.01	Disposed	23512.665	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-10-27	Employee Stock Option (Right to Buy)	$63.11	M	583	Disposed	2023-02-18	Common Stock (583)	Direct
2022-10-27	Employee Stock Option (Right to Buy)	$61.91	M	1573	Disposed	2024-02-17	Common Stock (1573)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	87.345	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Share Units	$		Common Stock (8563.608)	8563.608	Direct

Footnotes

F1: The price reported is a weighted average price. Shares were sold in a series of transactions within the same trading day at prices ranging from $102.84 to $103.092, inclusive. Full information regarding the number of shares sold at each separate price is available upon request by the Commission staff, the issuer, or a security holder of the issuer.

F2: Includes exempt acquisitions under Rule 16a-11 pursuant to dividend reinvestments since the date of the reporting person's last report.

F3: Share Units convert on a one-for-one basis into Common Stock.

F4: 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.