Form 4: Stepan Co Director Quinn Stepan Jr. Reports Changes in Beneficial Ownership

Director Quinn Stepan Jr. reports changes in beneficial ownership of Stepan Co stock due to tax withholding and various ownership structures.

Summary

• On February 13, 2025, Quinn Stepan Jr., a director at Stepan Co, reported changes in his beneficial ownership of the company's common stock.
• These changes include the withholding of shares to cover tax liabilities related to the distribution of deferred performance shares.
• The tax liability was satisfied by withholding 17,874 shares at a price of $61.568 per share.
• Following the transaction, Stepan directly owns 153,209.446 shares.
• Stepan also has indirect ownership through various entities, including an ESOP II Trust, a Family LLC, Family Trust IV, his father, his spouse, his father's ESOP, Family Trust V, his mother's estate, and Family Trust VI.
• He disclaims beneficial ownership of shares held by these entities, except to the extent of any pecuniary interest.
• The report also indicates joint tenancy with his spouse for 121,820 shares.
• The reporting person serves as executor for an estate that holds shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and ownership positions.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates

Keywords

Beneficial Ownership, Stepan Co, Director, SEC Form 4, Stock Transaction, SCL, Quinn Stepan Jr.