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STEPAN CO — Director's Dealing 2022
Feb 17, 2022
32175_dirs_2022-02-17_b6c6e620-c9dd-4688-9e31-a6640d581773.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: Catlett Janet Anne (VP, CHRO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-02-15 | Common Stock | M | 1588 | — | Acquired | 4599.153 | Direct |
| 2022-02-16 | Common Stock | A | 76.787 | $111.26 | Acquired | 270.557 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-02-15 | Performance Shares | $ | M | 1300 | Disposed | Common Stock (1300) | Direct | |
| 2022-02-16 | Stock Appreciation Right | $111.26 | A | 5043 | Acquired | 2032-02-15 | Common Stock (5043) | Direct |
| 2022-02-16 | Performance Shares | $ | A | 1079 | Acquired | Common Stock (1079) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Share Units | $ | Common Stock (2614.512) | 2614.512 | 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: 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, 2020.
F4: The performance shares vested upon Stepan Company achieving certain financial targets by December 31, 2021.
F5: Vests ratably over three years beginning on date shown.
F6: 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.
F7: Share Units convert on a one-for-one basis into Common Stock.
F8: 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.