Richard F. Stepan - 14 Feb 2023 Form 4 Insider Report for STEPAN CO (SCL)

Role: V.P. and Gen'l. Mgr., Polymers
Signature: /s/ Stephanie Jane Pacitti, attorney-in-fact for Richard F. Stepan
Issuer symbol: SCL
Transactions as of: 14 Feb 2023
Net transactions value: $0
Form type: 4
Filing time: 16 Feb 2023, 18:58:38 UTC
Previous filing: 10 Feb 2023
Next filing: 21 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SCL	Common Stock	Options Exercise		+639	+0.34%		189,027	14 Feb 2023	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SCL	Performance Shares	Options Exercise		-391	-100%		0	14 Feb 2023	Common Stock	391		Direct	F1
transaction	SCL	Performance Shares	Award	$0	+2,047		$0.000000	2,047	14 Feb 2023	Common Stock	2,047		Direct	F2
transaction	SCL	Restricted Stock Units	Award	$0	+1,023		$0.000000	1,023	14 Feb 2023	Restricted Stock Units	1,023		Direct	F3, F4
transaction	SCL	Stock Appreciation Right	Award	$0	+2,847		$0.000000	2,847	14 Feb 2023	Common Stock	2,847	$109.92	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The performance shares vested upon Stepan Company achieving certain financial targets by December 31, 2022.
F2	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.
F3	Each restrited stock unit ("RSU") represents a contingent right to receive one share of Stepan Company common stock.
F4	Vests ratably over three years beginning on the date shown.