Form 4: Stepan Co. Executive Samuel Hinrichsen Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Stepan Company's VP & Interim CFO, Samuel Hinrichsen, reports transactions involving common stock, restricted stock units, performance shares, and stock appreciation rights.
Summary
- Samuel Hinrichsen, VP & Interim CFO of Stepan Co., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- The reported transactions include the settlement of restricted stock units (RSUs) for 57 shares of common stock on March 4, 2025, at a price of $57.275 per share.
- 20 shares were withheld to cover tax liabilities related to the vesting of RSUs, also on March 4, 2025, at $57.275 per share.
- Hinrichsen also acquired 522 performance shares and 1,044 restricted stock units on March 3, 2025.
- Additionally, he acquired 1,474 stock appreciation rights on March 3, 2025.
- The filing also indicates Hinrichsen's holdings in common stock through an ESOP II Trust, totaling 367.445 shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting changes in beneficial ownership, which carries a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock. This filing indicates the executive's ongoing investment and participation in the company's equity incentive plans.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 03/03/2025 | Acquisition of performance shares (522), restricted stock units (1,044), and stock appreciation rights (1,474). |
| 03/04/2025 | Settlement of restricted stock units into 57 shares of common stock; withholding of 20 shares for tax liability. |
| 03/03/2026 | Vesting start date for restricted stock units acquired on 03/03/2025. |
| 03/04/2027 | Vesting start date for restricted stock units settled on 03/04/2025. |
| 12/31/2027 | Performance period end date for performance shares. |
| 03/03/2028 | Expiration date for restricted stock units acquired on 03/03/2025. |
| 03/03/2035 | Expiration date for stock appreciation rights. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.