Form 4: Stepan Co. Executive Jason Scott Keiper Reports Stock Transactions
SEC Form 4 Filing
VP & Chief Tech & Sust Officer Jason Scott Keiper reports transactions involving Stepan Co. stock, including the vesting and settlement of restricted stock units and performance shares.
Summary
- On February 14, 2025, Jason Scott Keiper settled 265 restricted stock units (RSUs) for common stock at a price of $62.435 per share.
- Keiper also had 92 shares withheld to cover tax liabilities related to the vesting of the RSUs at $62.435 per share.
- On February 18, 2025, 1,079 performance shares vested, each representing a contingent right to receive one share of Stepan Company common stock.
- Following these transactions, Keiper directly owns 7,821.6774 shares of common stock and indirectly owns 338.659 shares through an ESOP II Trust.
- The performance shares vested upon the certification of Stepan Company achieving certain performance goals for the performance period ended December 31, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/14/2024 | Vesting start date for restricted stock units (RSUs) that vest ratably over three years. |
| 12/31/2024 | End of the performance period for the performance shares. |
| 02/14/2025 | Date of RSU settlement and tax withholding. |
| 02/18/2025 | Date of performance share vesting. |
| 02/19/2025 | Date of signature on the Form 4 filing. |
| 02/14/2026 | Expiration date for restricted stock units. |
Keywords
Stepan Co., Jason Scott Keiper, stock transactions, restricted stock units, performance shares, Form 4, beneficial ownership
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