Form 4: Stepan Co. Executive Jason Scott Keiper Reports Share Transaction
SEC Form 4 Filing
VP & Chief Tech & Sust Officer of Stepan Co., Jason Scott Keiper, reports disposition of shares to cover tax obligations from vested performance shares.
Summary
- On March 8, 2024, Jason Scott Keiper, VP & Chief Tech & Sust Officer of Stepan Co. (SCL), reported a transaction involving common stock.
- A total of 230 shares were disposed of at a price of $87.53 per share.
- This transaction was due to the withholding of shares from performance shares that vested on February 15, 2024, to cover tax obligations.
- Following the transaction, Keiper directly owns 6,522.858 shares of Stepan Co.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a share transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in stock transactions by company insiders, helping to maintain fair market practices.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/15/2024 | Performance shares vested. |
| 03/08/2024 | Date of transaction (disposal of shares). |
| 03/11/2024 | Date of signature on the Form 4 filing. |
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