STEPAN CO — Director's Dealing 2023

May 8, 2023

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2023-05-01

Reporting Person: Haire Robert Joseph (EVP, Supply Chain)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Performance Shares	$		Common Stock (3299)		Direct
Restricted Stock Units	$	2033-05-01	Restricted Stock Units (1649)		Direct
Stock Appreciation Right	$90.95	2033-05-01	Common Stock (4744)		Direct

Footnotes

F1: Each performance share represents a contingent right to receive one share of Stepan Company common stock. The performance shares vest based upon Stepan Company achieving certain financial targets by December 31, 2025.

F2: Vest ratably over three years beginning on the date shown.

F3: Each restricted stock unit ("RSU") represents a contingent right to receive one share of Stepan Company common stock.