STEPAN CO — Director's Dealing 2023

Feb 16, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2023-02-14

Reporting Person: Stepan Richard Finn (V.P. and Gen'l. Mgr., Polymers)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-14	Common Stock	M	639	—	Acquired	189027	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-14	Performance Shares	$	M	391	Disposed		Common Stock (391)	Direct
2023-02-14	Performance Shares	$	A	2047	Acquired		Common Stock (2047)	Direct
2023-02-14	Restricted Stock Units	$	A	1023	Acquired	2026-02-14	Restricted Stock Units (1023)	Direct
2023-02-14	Stock Appreciation Right	$109.92	A	2847	Acquired	2033-02-14	Common Stock (2847)	Direct

Footnotes

F1: The performance shares vested upon Stepan Company achieving certain financial targets by December 31, 2022.

F2: Each performance share represents a contingent right to receive one share of Stepan Company common stock. The performance shares vest upon Stepan Company achieving certain financial targets by December 31, 2025.

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

F4: Vests ratably over three years beginning on the date shown.