Form 4 for SCL STEPAN CO
Accepted 2023-02-16 00:00:00 ET · period of report 2023-02-14 · accession 0001127602-23-005616 · 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 | 2023-02-16 | 2023-02-14 | SCL | Behrens Scott R. | Pres, CEO, Dir | M - OptEx | — | +3,833 | 16.0K | +31% | — |
| D | 2023-02-16 | 2023-02-14 | SCL | Behrens Scott R. | Pres, CEO, Dir | M - OptEx | — | -2,346 | 0 | -100% | — |
| DM | 2023-02-16 | 2023-02-14 | SCL | Behrens Scott R. | Pres, CEO, Dir | A - Grant | $8.64 | +44.5K | 7,096 | New | +$384.9K |
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 | 2023-02-14 | M | A | 3,833 | — | 16,006.49 | D | — | — | (F1) The performance shares vested upon Stepan Company achieving certain financial targets by December 31, 2022. (F2) Includes exempt acquisitions under Rule 16a-11 pursuant to dividend reinvestments since the date of the reporting person's last report. |
| 2 | Derivative | Performance Shares | 2023-02-14 | M | D | 2,346 | — | 0 | D | — · — to — | 2,346 Common Stock | (F1) The performance shares vested upon Stepan Company achieving certain financial targets by December 31, 2022. |
| 3 | Derivative | Performance Shares | 2023-02-14 | A | A | 14,192 | $0.00 | 14,192 | D | — · — to — | 14,192 Common Stock | (F3) 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. |
| 4 | Derivative | Share Units | 2023-02-14 | A | A | 3,501.92 | $109.92 | 14,030.93 | D | — · — to — | 3,501.92 Common Stock | (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. (F2) Includes exempt acquisitions under Rule 16a-11 pursuant to dividend reinvestments since the date of the reporting person's last report. (F7) Share Units convert on a one-for-one basis into Common Stock. |
| 5 | Derivative | Stock Appreciation Right | 2023-02-14 | A | A | 19,742 | $0.00 | 19,742 | D | $109.92 · 2024-02-14 to 2033-02-14 | 19,742 Common Stock | (F5) Vests ratably over three years beginning on the date shown. |
| 6 | Derivative | Restricted Stock Units | 2023-02-14 | A | A | 7,096 | $0.00 | 7,096 | D | — · 2024-02-14 to 2026-02-14 | 7,096 Restricted Stock Units | (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. |