Form 4 for SCL STEPAN CO
Accepted 2023-02-16 00:00:00 ET · period of report 2023-02-14 · accession 0001127602-23-005690 · 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 | Mergner Arthur W | EVP, Supply Chain | M - OptEx | — | +3,833 | 27.4K | +16% | — |
| DM | 2023-02-16 | 2023-02-14 | SCL | Mergner Arthur W | EVP, Supply Chain | A - Grant | $0.00 | +8,876 | 1,535 | New | $0 |
| D | 2023-02-16 | 2023-02-14 | SCL | Mergner Arthur W | EVP, Supply Chain | M - OptEx | — | -2,346 | 0 | -100% | — |
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 | — | 27,426.68 | 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 | A | A | 3,070 | $0.00 | 3,070 | D | — · — to — | 3,070 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. |
| 3 | 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. |
| 4 | Derivative | Stock Appreciation Right | 2023-02-14 | A | A | 4,271 | $0.00 | 4,271 | D | $109.92 · 2024-02-14 to 2033-02-14 | 4,271 Common Stock | (F5) Vests ratably over three years beginning on the date shown. |
| 5 | Derivative | Restricted Stock Units | 2023-02-14 | A | A | 1,535 | $0.00 | 1,535 | D | — · 2024-02-14 to 2026-02-14 | 1,535 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. |