Scott R. Behrens - 15 Feb 2024 Form 4 Insider Report for STEPAN CO (SCL)

Role
President & CEO, Director
Signature
/s/ Stephanie J. Pacitti, Attorney-in-Fact for Scott R. Behrens
Issuer symbol
SCL
Transactions as of
15 Feb 2024
Transactions value $
$0
Form type
4
Date filed
20 Feb 2024, 15:44
Previous filing
16 Feb 2024
Next filing
27 Feb 2024
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 +2.17K +14.98% 16.7K 15 Feb 2024 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 -3.23K -100% 0 15 Feb 2024 Common Stock 3.23K Direct F1
transaction SCL Performance Shares Disposed to Issuer $0 -14.2K -100% $0.00* 0 15 Feb 2024 Common Stock 14.2K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance share represents a contingent right to receive one share of Stepan Company common stock. The performance shares vested upon the certification of Stepan Company achieving certain performance goals for the performance period ending December 31, 2023.
F2 Each performance share represents a contingent right to receive one share of Stepan Company common stock.
F3 The performance shares were forfeited due to Stepan Company's performance for the period ending December 31, 2023.