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STEPAN CO — Director's Dealing 2022
Feb 18, 2022
32175_dirs_2022-02-18_8ed5ab89-7eee-4458-89b4-5c2059b2ac15.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2022-02-15
Reporting Person: Mergner Arthur W (Exec VP, Supply Chain)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-02-15 | Common Stock | M | 3176 | — | Acquired | 23285.023 | Direct |
| 2022-02-16 | Common Stock | A | 76.787 | $111.26 | Acquired | 86.458 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-02-15 | Performance Shares | $ | M | 2601 | Disposed | Common Stock (2601) | Direct | |
| 2022-02-16 | Stock Appreciation Right | $111.26 | A | 11348 | Acquired | 2032-02-15 | Common Stock (11348) | Direct |
| 2022-02-16 | Performance Shares | $ | A | 2427 | Acquired | Common Stock (2427) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Share Units | $ | Common Stock (8476.76) | 8476.76 | Direct |
Footnotes
F1: The performance shares vested upon Stepan Company achieving certain financial targets by December 31, 2021.
F2: Includes exempt acquisitions under Rule 16a-11 pursuant to dividend reinvestments since the date of the reporting person's last report.
F3: Since the date of the reporting person's last ownership report, the reporting person has disposed of 3,474.717 shares held in his ESOP pursuant to a diversification election made under the Internal Revenue Code.
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 convert on a one-for-one basis into Common Stock.
F7: 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.