STEPAN CO — Director's Dealing 2023

May 31, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2023-05-26

Reporting Person: Mergner Arthur W (Exec VP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-26	Common Stock	M	4087	$43.85	Acquired	31603.39	Direct
2023-05-26	Common Stock	S	3387	$93.2688	Disposed	28216.39	Direct
2023-05-26	Common Stock	S	600	$93.729	Disposed	27616.39	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-26	Employee Stock Option (Right to Buy)	$43.85	M	4087	Disposed	2026-02-22	Common Stock (4087)	Direct

Footnotes

F1: 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 $92.66 to $93.63, 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.

F2: 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 $93.66 to $93.775, 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.