AI assistant
STEPAN CO — Director's Dealing 2023
Feb 16, 2023
32175_dirs_2023-02-16_7616ee53-eeb3-4912-8d63-d8d156ca65e2.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2023-02-14
Reporting Person: Mergner Arthur W (Exec VP, Supply Chain)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-02-14 | Common Stock | M | 3833 | — | Acquired | 27426.683 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-02-14 | Performance Shares | $ | M | 2346 | Disposed | Common Stock (2346) | Direct | |
| 2023-02-14 | Performance Shares | $ | A | 3070 | Acquired | Common Stock (3070) | Direct | |
| 2023-02-14 | Restricted Stock Units | $ | A | 1535 | Acquired | 2026-02-14 | Restricted Stock Units (1535) | Direct |
| 2023-02-14 | Stock Appreciation Right | $109.92 | A | 4271 | Acquired | 2033-02-14 | Common Stock (4271) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 87.641 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Share Units | $ | Common Stock (8593.115) | 8593.115 | Direct |
Footnotes
F1: The performance shares vested upon Stepan Company achieving certain financial targets by December 31, 2022.
F2: Includes exempt acquisitions under Rule 16a-11 pursuant to dividend reinvestments since the date of the reporting person's last report.
F3: 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.
F4: Each restricted stock unit ("RSU") represents a contingent right to receive one share of Stepan Company common stock.
F5: Vests ratably over three years beginning on the date shown.
F6: Share Units convert on a one-for-one basis into Common Stock.
F7: 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.