STEPAN CO — Director's Dealing 2022

Apr 27, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2022-04-25

Reporting Person: Behrens Scott R. (President & COO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-04-25	Performance Shares	$	A	6122	Acquired		Common Stock (6122)	Direct
2022-04-25	Stock Appreciation Right	$98.00	A	27003	Acquired	2032-04-24	Common Stock (27003)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	13614.364	Direct
Common Stock	3956.09	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Share Units	$		Common Stock (10421.931)	10421.931	Direct

Footnotes

F1: Includes exempt acquisitions under Rule 16a-11 pursuant to dividend reinvestments since the date of the reporting person's last report.

F2: 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, 2024.

F3: Vests ratably over three years beginning on the date shown.

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.

F5: Share Units convert on a one-for-one basis into Common Stock.