Form 4: Stepan Co Director F. Quinn Stepan, Jr. Reports Stock Transfers and Holdings

Director F. Quinn Stepan, Jr. reports gifting shares and updating beneficial ownership in Stepan Co.

Summary

• On November 6, 2024, F. Quinn Stepan, Jr., a director at Stepan Co, reported changes in beneficial ownership of the company's common stock.
• Stepan gifted 18,180 shares and 7,500 shares of common stock.
• Following these transactions, Stepan directly owns 96,741 shares and 89,241 shares.
• Stepan also indirectly owns 87,500 shares through Family Trust IV.
• Additionally, Stepan holds 227,776.71 shares and 77,989.365 share units.
• Share units are acquired under the Management Incentive Plan (MIP) and convert on a one-for-one basis into common stock, generally payable at the end of employment.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the ownership stake of company executives.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates