Form 4: Stepan Co. Executive Samuel S. Hinrichsen Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
VP & Interim CFO of Stepan Co., Samuel S. Hinrichsen, reports the withholding of shares to cover tax obligations related to vested performance shares.
Summary
- On March 13, 2025, Samuel S. Hinrichsen, VP & Interim CFO of Stepan Co., reported a transaction involving the withholding of 57 shares of common stock to cover tax obligations.
- The shares were withheld at a price of $58.19 per share.
- Following the transaction, Hinrichsen directly owns 416.597 shares of common stock and indirectly owns 367.445 shares through an ESOP II Trust.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard transaction related to tax obligations and doesn't indicate any positive or negative sentiment about the company's performance.
Industry Context
This is a routine Form 4 filing, reflecting insider transactions related to tax obligations. It's a common practice for executives to have shares withheld to cover taxes upon vesting of stock awards.
Key Dates
| Date | Description |
|---|---|
| February 18, 2025 | Performance shares vested (reported on Form 4 filed February 19, 2025). |
| February 19, 2025 | Form 4 filed for reporting person. |
| March 13, 2025 | Date of share withholding transaction. |
| March 17, 2025 | Date of signature on the Form 4 filing. |
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