Form 4: Stepan Co. Executive Richard Finn Stepan Reports Stock Transactions
SEC Form 4 Filing
Richard Finn Stepan, a V.P. and General Manager at Stepan Co., reported the acquisition and disposal of company stock and derivative securities.
Summary
- On March 4, 2025, Richard Finn Stepan settled 428 restricted stock units (RSUs) for common stock at a price of $57.275 per share.
- Also on March 4, 2025, 131 shares were withheld to cover tax liabilities related to the vesting of RSUs at $57.275 per share.
- As of March 4, 2025, Stepan directly owns 220,432 shares of common stock.
- Stepan also has indirect ownership through his daughter (43,439 shares), son (43,439 shares), spouse (5,174 shares), a trust (92,967 shares), and an ESOP II Trust (1,238.22 shares).
- On March 3, 2025, Stepan acquired 1,879 performance shares, 3,759 restricted stock units, and 5,307 stock appreciation rights.
- He also had 858 restricted stock units after a transaction on March 4, 2025.
Sentiment
Score: 5
Explanation: This is a routine disclosure of insider transactions, with no inherently positive or negative implications. The sentiment is neutral.
Future Outlook
The performance shares vest upon the certification of Stepan Company achieving certain performance goals for the performance period ending December 31, 2027; restricted stock units vest ratably over three years beginning on the date shown.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- Shareholders may be interested in the insider's transactions as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Date of transaction involving performance shares and restricted stock units. |
| 03/04/2025 | Date of RSU settlement and tax withholding. |
| 03/05/2025 | Date of signature on the report. |
| 12/31/2027 | Performance period end date for performance shares. |
| 03/03/2026 | First vesting date for restricted stock units granted on 03/03/2025. |
| 03/04/2027 | Vesting date for restricted stock units. |
| 03/03/2028 | Final vesting date for restricted stock units granted on 03/03/2025. |
| 03/03/2035 | Expiration date for stock appreciation rights. |
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