Form 4: Stepan Co Executive David Kabbes Reports Stock Transactions
SEC Form 4 Filing
Stepan Co's VP, GC & Secretary, David Kabbes, reports the vesting and settlement of restricted stock units and related tax withholding.
Summary
- On October 16, 2024, David Kabbes, VP, GC & Secretary of Stepan Co, reported transactions involving the company's common stock.
- 254 restricted stock units (RSUs) were settled, resulting in the acquisition of 254 shares of common stock at a price of $75.535 per share.
- 75 shares were withheld to satisfy tax liabilities related to the vesting of the RSUs.
- Following these transactions, Kabbes directly owns 8,714.8917 shares and indirectly owns 8,789.8917 shares through the DGK Living Trust and 344.052 shares through the ESOP II Trust.
- The RSUs were settled in shares of common stock per the terms of the award.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, indicating a neutral 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 actions of company executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the vesting of previously granted equity compensation.
Key Dates
| Date | Description |
|---|---|
| 10/16/2024 | Date of earliest transaction: vesting and settlement of restricted stock units and tax withholding. |
| 10/16/2026 | Expiration date of restricted stock units. |
| 10/18/2024 | Date of signature for the report. |
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