STEPAN CO — Director's Dealing 2024

Feb 16, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2024-02-14

Reporting Person: Rojo Luis (VP & Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-02-14	Common Stock	M	682	$89.03	Acquired	7834.375	Direct
2024-02-14	Common Stock	F	236	$89.03	Disposed	7598.375	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-02-14	Restricted Stock Units	$	M	682	Disposed	2026-02-14	Restricted Stock Units (682)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	411.142	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Share Units	$		Common Stock (2297.26)	2297.26	Direct

Footnotes

F1: Includes exempt acquisitions under Rule 16a-11 pursuant to dividend reinvestments since the date of the reporting person's last report.

F2: The restricted stock units ("RSUs") were settled in shares of common stock per the terms of the award.

F3: Withholding of shares to satisfy tax liability on the vesting of RSUs.

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.