STEPAN CO — Director's Dealing 2023

Aug 2, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2023-07-31

Reporting Person: STEPAN F QUINN JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-07-31	Common Stock	M	1285	$61.91	Acquired	249516.592	Direct
2023-07-31	Common Stock	M	6383	$41.16	Acquired	255899.592	Direct
2023-07-31	Common Stock	S	5168	$94.4657	Disposed	250731.592	Direct
2023-07-31	Common Stock	S	2500	$95.341	Disposed	248231.592	Direct
2023-08-01	Common Stock	M	2500	$41.16	Acquired	250731.592	Direct
2023-08-01	Common Stock	S	2500	$95.23	Disposed	248231.592	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-07-31	Employee Stock Option (Right to Buy)	$61.91	M	1285	Disposed	2024-02-17	Common Stock (1285)	Direct
2023-07-31	Employee Stock Option (Right to Buy)	$41.16	M	6383	Disposed	2025-02-16	Common Stock (6383)	Direct
2023-08-01	Employee Stock Option (Right to Buy)	$41.16	M	2500	Disposed	2025-02-16	Common Stock (2500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	91	Indirect
Common Stock	17464	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Share Units	$		Common Stock (91284.426)	91284.426	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: Reflects the transfer of 2,532 shares of Stepan common stock from Family Trust III (of which the reporting person is trustee) to a different family trust. The reporting person is neither the trustee nor a beneficiary of the family trust to which the shares were transferred.

F3: The price reported is a weighted average price. Shares were sold in a series of transactions within the same trading day at prices ranging from $94.05 to $94.685, inclusive. Full information regarding the number of shares sold at each separate price is available upon request by the Commission staff, the issuer, or a security holder of the issuer.

F4: The price reported is a weighted average price. Shares were sold in a series of transactions within the same trading day at prices ranging from $95.17 to $95.51, inclusive. Full information regarding the number of shares sold at each separate price is available upon request by the Commission staff, the issuer, or a security holder of the issuer.

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.