STEPAN CO — Director's Dealing 2023

Nov 2, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2023-10-23

Reporting Person: STEPAN F QUINN JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-10-23	Common Stock	G	9117	—	Acquired	258264.199	Direct
2023-10-23	Common Stock	G	13365	—	Acquired	22149	Indirect
2023-10-23	Common Stock	G	63820	—	Acquired	129367	Direct
2023-11-01	Common Stock	G	18960	—	Disposed	110407	Direct
2023-11-01	Common Stock	G	15000	—	Disposed	95407	Direct
2023-11-01	Common Stock	G	15000	—	Acquired	80000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	0.409	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Share Units	$		Common Stock (91691.946)	91691.946	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: Since the date of the reporting person's last ownership report, the reporting person received a distribution of 91 shares held in his ESOP account pursuant to the terms of the ESOP, and those shares are now owned directly.

F3: Joint Tenancy with Spouse.

F4: The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for the purpose of Section 16 or for any other purpose.

F5: 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.

F6: Share Units convert on a one-for-one basis into Common Stock.

F7: Share Units are generally payable at end of employment, unless otherwise elected.