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STEPAN CO — Director's Dealing 2024
Feb 16, 2024
32175_dirs_2024-02-16_6d9c4c05-93b8-4f70-ab85-469464cf0e97.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: STEPAN CO (SCL)
CIK: 0000094049
Period of Report: 2024-02-14
Reporting Person: Behrens Scott R. (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-14 | Common Stock | M | 2365 | $89.03 | Acquired | 15254.404 | Direct |
| 2024-02-14 | Common Stock | F | 744 | $89.03 | Disposed | 14510.404 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-14 | Restricted Stock Units | $ | M | 2365 | Disposed | 2026-02-14 | Restricted Stock Units (2365) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 4153.263 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Share Units | $ | Common Stock (14258.357) | 14258.357 | 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 as 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 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.
F7: Share Units convert on a one-for-one basis into Common Stock.
F8: Share Units are acquired under the Management Incentive Plan Amended and Restated as of January 1, 2010 ("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.