Form 4: Stepan Co Director Quinn Stepan Jr. Reports Stock Transactions
SEC Form 4 Filing
Director Quinn Stepan Jr. reports multiple transactions involving Stepan Co stock, including sales, gifts, and adjustments to beneficial ownership.
Summary
- On February 2, 2023, 1,130.25 shares of Stepan Company common stock were acquired by Quinn Stepan Jr.'s father through the settlement of share units.
- On the same day, Quinn Stepan Jr.'s father also acquired 5,233.25 shares of Stepan Company common stock.
- Also on February 2, 2023, Quinn Stepan Jr. directly acquired 474.14 shares of common stock at $112.91.
- On March 5, 2024, Quinn Stepan Jr.'s father gifted 8,109 shares of Stepan Company common stock.
- On March 5, 2024, Quinn Stepan Jr.'s father gifted 4,932 shares of Stepan Company common stock.
- On March 5, 2024, Quinn Stepan Jr.'s Family Trust gifted 189 shares of Stepan Company common stock.
- On March 5, 2024, Quinn Stepan Jr.'s Family Trust acquired 189 shares of Stepan Company common stock.
- On March 5, 2024, Quinn Stepan Jr.'s spouse sold 1,000 shares of Stepan Company common stock at $87.485.
- On March 6, 2024, Quinn Stepan Jr. sold 2,000 shares of Stepan Company common stock at a weighted average price of $86.577.
- The reporting person also received a distribution of 0.411 shares from his ESOP account.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their trading activities. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- Shareholders may be interested in the insider's transactions as an indicator of management's view of the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 02/02/2023 | Acquisition of shares by reporting person's father through settlement of share units and direct acquisition by reporting person. |
| 03/05/2024 | Gifting of shares by reporting person's father and family trust, sale of shares by spouse. |
| 03/06/2024 | Sale of shares by reporting person. |
| 03/07/2024 | Date of signature for the Form 4 filing. |
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