Form 4: Stepan Co. Executive Sean Thomas Moriarty Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Sean Thomas Moriarty, VP & GM Surfactants at Stepan Co., reports the withholding of shares to cover tax obligations related to vested performance shares.
Summary
- On March 13, 2025, Sean Thomas Moriarty, VP & GM Surfactants at Stepan Co. (SCL), had 568 shares of common stock withheld to cover tax obligations.
- The shares were withheld at a price of $58.19 per share.
- Following the transaction, Moriarty directly owns 13,808.0715 shares of Stepan Co. common stock and indirectly owns 4,478.351 shares through an ESOP II Trust.
Sentiment
Score: 5
Explanation: This is a neutral filing related to routine insider transactions for tax purposes, with no significant positive or negative implications.
Industry Context
This is a routine Form 4 filing, indicating insider transactions related to compensation and tax obligations, which is common for publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine share withholding for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/18/2025 | Performance shares vested (reported on Form 4 filed on February 19, 2025). |
| 03/13/2025 | Date of share withholding for tax obligations. |
| 03/17/2025 | Date of signature on the Form 4 filing. |
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