Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | SCL | Share Units | 94.7K | Dec 31, 2024 | Common Stock | 94.7K | By Father's Deferred MIP | F6, F8, F9, F10 |
Id | Content |
---|---|
F1 | Reflects a downward adjustment of 72,427.271 shares to reflect the reporting person's share balance as of December 31, 2024, primarily consisting of transfers to the reporting person's joint account and family gifts and other planning transactions prior to 2023 that consisted of transfers of shares for no consideration. |
F2 | Reflects an upward adjustment of 35,079 shares to reflect the reporting person's share balance as of December 31, 2024, including transfers from the reporting person's individual account. |
F3 | Joint Tenancy with Spouse. |
F4 | Reflects a transfer of 17,464 shares to other family trusts, the holdings of which are not beneficially owned by the reporting person. |
F5 | Reflects an upward adjustment of 100 shares to reflect a stock certificate held as of December 31, 2024 and not previously reported. |
F6 | Shares held by an estate of which the reporting person serves as executor. The reporting person disclaims beneficial ownership of these securities, except to extent of any pecuniary interest in the shares. |
F7 | Reflects an upward adjustment of 2,024 shares to reflect the trust's share balance as of December 31, 2024. |
F8 | Share Units are acquired under the Management Incentive Plan ("MIP"), a nonqualified deferred compensation plan that allows participants to defer all or a portion of their annual incentive awards. |
F9 | Share Units convert on a one-for-one basis into Common Stock. |
F10 | Share Units are generally payable at end of employment, unless otherwise elected. |
Explanatory Note: The reporting person has not engaged in any transactions in Stepan Company Common Stock since his most recent Form 4 report. This Form 5 is being filed to provide updated holdings of Stepan Company Common Stock by the reporting person based on a review of current records.