Form 4 for SCL STEPAN CO
Accepted 2023-02-03 00:00:00 ET · period of report 2023-02-01 · accession 0001127602-23-003259 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-02-03 | 2023-02-01 | SCL | STEPAN F QUINN JR | Dir | M - OptEx | — | +14.0K | 215.7K | +7% | — |
| D | 2023-02-03 | 2023-02-01 | SCL | STEPAN F QUINN JR | Dir | F - Tax | $109.84 | -6,648 | 209.0K | -3% | -$730.2K |
| D | 2023-02-03 | 2023-02-01 | SCL | STEPAN F QUINN JR | Dir | M - OptEx | — | -14.0K | 90.6K | -13% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-02-01 | M | A | 13,979.18 | — | 215,651.32 | D | — | — | (F1) Each share unit was the economic equivalent of one share of Stepan Company common stock. On February 1, 2023, 13,979.183 of the reporting person's share units were settled for an equal number of shares of Stepan Company common stock. |
| 2 | Common | Common Stock | 2023-02-01 | F | D | 6,647.81 | $109.84 | 209,003.51 | D | — | — | (F3) Includes exempt acquisitions under Rule 16a-11 pursuant to dividend reinvestments since the date of the reporting person's last report. |
| 3 | Derivative | Share Units | 2023-02-01 | M | D | 13,979.18 | — | 90,597.34 | D | — · — to — | 13,979.18 Common Stock | (F4) 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. (F1) Each share unit was the economic equivalent of one share of Stepan Company common stock. On February 1, 2023, 13,979.183 of the reporting person's share units were settled for an equal number of shares of Stepan Company common stock. (F3) Includes exempt acquisitions under Rule 16a-11 pursuant to dividend reinvestments since the date of the reporting person's last report. (F5) Share Units convert on a one-for-one basis into Common Stock. (F6) Share Units are generally payable at end of employment, unless otherwise elected. |