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: Moriarty Sean Thomas (VP & GM Surfactants)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-02-14	Common Stock	M	455	$89.03	Acquired	10960.1717	Direct
2024-02-14	Common Stock	F	158	$89.03	Disposed	10802.1717	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-02-14	Restricted Stock Units	$	M	455	Disposed	2026-02-14	Restricted Stock Units (455)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4302.468	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Share Units	$		Common Stock (5642.903)	5642.903	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: Includes exempt acquisitions under Rule 16b-3(c) and Rule 16b-3(d) since the date of the reporting person's last report.

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.

F7: Share Units 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.

F8: Share Units owned under the MIP are generally payable at end of employment, unless otherwise elected.