Form 4: Stepan Co. Officer Jason Scott Keiper Reports Changes in Beneficial Ownership
SEC Form 4 Filing
VP & Chief Tech & Sust Officer of Stepan Co., Jason Scott Keiper, reports changes in beneficial ownership of company stock due to withholding of shares from vested performance shares.
Summary
- On March 13, 2025, Jason Scott Keiper, VP & Chief Tech & Sust Officer of Stepan Co., reported changes in beneficial ownership of the company's common stock.
- The changes resulted from the withholding of 284 shares to cover obligations related to performance shares that vested on February 18, 2025.
- The withholding price was $58.19 per share.
- Following the transaction, Keiper directly owns 7,821.5354 shares of common stock and indirectly owns 396.071 shares through an ESOP II Trust.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies to ensure transparency.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares being withheld.
Key Dates
| Date | Description |
|---|---|
| February 18, 2025 | Performance shares vested. |
| February 19, 2025 | Form 4 filed for the reporting person. |
| March 13, 2025 | Transaction date for the withholding of shares. |
| March 17, 2025 | Date of signature for the Form 4 filing. |
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