4/A: Stepan Co. Executive Corrects Dates in Beneficial Ownership Report
SEC Filing
Robert Joseph Haire, EVP of Supply Chain at Stepan Co., files an amended Form 4 to correct the exercisable and expiration dates of restricted stock units.
Summary
- Robert Joseph Haire, an Executive Vice President at Stepan Co., filed an amendment to a previous Form 4.
- The amendment corrects the 'Date Exercisable' and 'Expiration Date' for Restricted Stock Units (RSUs) reported in the original filing on May 5, 2025.
- The corrected filing shows that 550 Restricted Stock Units were exercised on May 1, 2025.
- These RSUs vest ratably over three years beginning on May 1, 2024, and expire on May 1, 2033.
- The original filing contained incorrect dates for the exercisable and expiration dates of the RSUs.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing correcting a previous error. It doesn't indicate any significant positive or negative developments for the company, but accuracy in reporting is viewed favorably.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- Ensures transparency for shareholders regarding executive compensation and stock ownership.
- Maintains compliance with SEC regulations, which is important for investor confidence.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Vesting of Restricted Stock Units begins ratably over three years. |
| 05/01/2025 | Date of transaction involving common stock and exercise of Restricted Stock Units. |
| 05/05/2025 | Date of original Form 4 filing that contained incorrect dates. |
| 05/21/2025 | Date of amended Form 4/A filing. |
| 05/01/2033 | Expiration date of the Restricted Stock Units. |
Keywords
Form 4, Beneficial Ownership, Stepan Co, SCL, Robert Haire, Restricted Stock Units, RSU, Amendment, SEC Filing
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.