Form 4: Stepan Co. Officer Sharon Purnell Reports Acquisition of Common Stock
SEC Form 4 Filing
Sharon Purnell, VP & CHRO of Stepan Co., reports acquiring common stock through dividend reinvestments and exempt acquisitions.
Summary
- On February 21, 2025, Sharon Purnell, VP & CHRO of Stepan Co., acquired common stock.
- The acquisition included 57.412 shares at a price of $62.53 per share.
- These shares were acquired through dividend reinvestments and exempt acquisitions under Rule 16a-11, Rule 16b-3(c) and Rule 16b-3(d).
- Following the transaction, Purnell directly owns 11.863 shares and indirectly owns 68.348 shares through an ESOP II Trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock acquisitions, which carries a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company officers and directors.
Stakeholder Impact
- The acquisition of shares by a company officer can be viewed positively by shareholders as it aligns management's interests with theirs.
Key Dates
| Date | Description |
|---|---|
| 02/21/2025 | Date of transaction: Acquisition of common stock |
| 02/25/2025 | Date of report signature |
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