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: Keiper Jason Scott (VP & Chief Tech & Sust Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-14	Common Stock	M	1917	—	Acquired	6190.6609	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-14	Performance Shares	$	M	1173	Disposed		Common Stock (1173)	Direct
2023-02-14	Performance Shares	$	A	1592	Acquired		Common Stock (1592)	Direct
2023-02-14	Restricted Stock Units	$	A	796	Acquired	2026-02-14	Restricted Stock Units (796)	Direct
2023-02-14	Stock Appreciation Right	$109.92	A	2215	Acquired	2033-02-14	Common Stock (2215)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	202.506	Indirect

Footnotes

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

F2: Includes exempt acquisitions under Rule 16b-3(c) and Rule 16b-3(d) since the date of the reporting person's last report.

F3: Includes exempt acquisitions under Rule 16a-11 pursuant to dividend reinvestments since the date of the reporting person's last report.

F4: 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.

F5: Each restricted stock unit ("RSU") represents a contingent right to receive one share of Stepan Company common stock.

F6: Vests ratably over three years beginning on the date shown.