STEPAN CO — Director's Dealing 2023

Feb 3, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2023-02-01

Reporting Person: STEPAN F QUINN JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-02-01	Common Stock	M	13979.183	—	Acquired	215651.316	Direct
2023-02-01	Common Stock	F	6647.809	$109.84	Disposed	209003.507	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-01	Share Units	$	M	13979.183	Disposed		Common Stock (13979.183)	Direct

Footnotes

F1: Each share unit was the economic equivalent of one share of Stepan Company common stock. On February 1, 2023, 13,979.183 of the reporting person's share units were settled for an equal number of shares of Stepan Company common stock.

F2: Withholding of shares to satisfy the tax liability on the distribution of share units.

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

F4: 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.

F5: Share Units convert on a one-for-one basis into Common Stock.

F6: Share Units are generally payable at end of employment, unless otherwise elected.