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: 2022-02-15

Reporting Person: Moriarty Sean Thomas (VP & GM Surfactants)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-15	Common Stock	M	2381	—	Acquired	9123.4933	Direct
2022-02-16	Common Stock	A	76.787	$111.26	Acquired	4099.808	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-02-15	Performance Shares	$	M	1950	Disposed		Common Stock (1950)	Direct
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

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Share Units	$		Common Stock (5477.707)	5477.707	Direct

Footnotes

F1: The performance shares vested upon Stepan Company achieving certain financial targets by December 31, 2021.

F2: Includes exempt acquisitions under Rule 16b-3(c) and Rule 16b-3(d) since the date of the reporting person's last report.

F3: Includes exempt acquisitions under Rule 16a-11 pursuant to dividend reinvestments since the date of the reporting person's last report.

F4: Vests ratably over three years beginning on the date shown.

F5: 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.

F6: 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.

F7: Share Units convert on a one-for-one basis into Common Stock.