Form 4: Stepan Co. CEO Scott Behrens Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Stepan Co.'s CEO, Scott Behrens, reports the withholding of shares to cover tax obligations related to vested performance shares.
Summary
- On March 8, 2024, Stepan Co. CEO Scott R. Behrens had shares withheld to cover tax obligations.
- A total of 647 shares of common stock were withheld at a price of $87.53 per share.
- Following the transaction, Behrens directly owns 14,418.404 shares of Stepan Co. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't convey any particularly positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company.
Key Dates
| Date | Description |
|---|---|
| 02/15/2024 | Performance shares vested. |
| 03/08/2024 | Shares withheld for tax obligations. |
| 03/11/2024 | Date of signature on the Form 4 filing. |
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