Form 4: Stepan Co. Executive Reports Stock Transactions

Richard Finn Stepan, a Vice President and General Manager at Stepan Co., reports transactions involving common stock and restricted stock units.

Summary

• Richard Finn Stepan, a VP and General Manager at Stepan Co., filed a Form 4 detailing changes in beneficial ownership.
• On February 14, 2025, Mr. Stepan settled 341 restricted stock units (RSUs) for common stock at a price of $62.435 per share.
• Also on February 14, 2025, 118 shares were withheld to cover tax liabilities related to the vesting of RSUs, at a price of $62.435.
• On February 18, 2025, 1,453 performance shares vested.
• Following these transactions, Mr. Stepan directly owns 219,785 shares of common stock.
• He also indirectly owns shares through his daughter (43,439), son (43,439), spouse (5,174), a trust (92,967), and an ESOP II Trust (1,180.808).

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates transactions related to previously granted equity compensation.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares, but the effect is likely minimal.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transactions, Restricted Stock Units, Performance Shares, Stepan Co, SCL, Richard Finn Stepan