STEPAN CO — Director's Dealing 2022

Feb 18, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2022-02-16

Reporting Person: Kabbes David (VP GC & Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-16	Common Stock	A	76.787	$111.26	Acquired	205.171	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-02-16	Stock Appreciation Right	$111.26	A	10087	Acquired	2032-02-15	Common Stock (10087)	Direct
2022-02-16	Performance Shares	$	A	2157	Acquired		Common Stock (2157)	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: Vests ratably over three years beginning on date shown.

F3: Each performance share represents a contingent right to receive one share of Stepan Company common stock. The performance shares vest upon Stepan Company achieving certain financial targets by December 31, 2024.