Form 4: Stepan Co. Executive Jason Scott Keiper Reports Stock Transactions
SEC Form 4 Filing
VP & Chief Tech & Sust Officer Jason Scott Keiper reports acquisition and disposal of Stepan Co. stock and derivative securities.
Summary
- Jason Scott Keiper, VP & Chief Tech & Sust Officer of Stepan Co., filed a Form 4 detailing changes in beneficial ownership.
- On March 3, 2025, Keiper acquired 1,879 performance shares, 3,759 restricted stock units, and 5,307 stock appreciation rights.
- On March 4, 2025, 428 restricted stock units were settled in shares of common stock at a price of $57.275 per share.
- Also on March 4, 2025, 152 shares were withheld to satisfy tax liability on the vesting of RSUs at $57.275 per share.
- Following these transactions, Keiper directly owns 8,105.5354 shares of common stock and indirectly owns 396.071 shares through an ESOP II Trust.
- Keiper also holds 1,879 performance shares, 3,759 restricted stock units, and 5,307 stock appreciation rights.
Sentiment
Score: 6
Explanation: Neutral sentiment as the document primarily reports stock transactions, which are a normal part of executive compensation. The acquisitions suggest a positive outlook from the executive, but the tax-related disposals are neutral.
Positives
- The acquisition of performance shares, restricted stock units, and stock appreciation rights suggests confidence in the company's future performance.
Future Outlook
The vesting schedules for the restricted stock units and performance shares indicate a long-term incentive structure for the reporting person.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates the executive's ongoing investment in the company.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly diluting the stock.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of acquisition of performance shares, restricted stock units, and stock appreciation rights |
| 03/04/2025 | Date of settlement of restricted stock units and withholding of shares for tax liability |
| 03/05/2025 | Date of signature of the Form 4 filing |
| 12/31/2027 | Performance period end date for performance shares |
| 03/03/2026 | First vesting date for restricted stock units and stock appreciation rights |
| 03/04/2027 | Vesting date for restricted stock units |
| 03/03/2028 | Expiration date for restricted stock units |
| 03/03/2035 | Expiration date for stock appreciation rights |
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