Form 4: Stepan Director Settles Deferred Share Units
Insider Transaction Disclosure
Stepan Co. Director F. Quinn Stepan Jr. settled 7,517.35 share units from a deferred compensation plan for cash.
Summary
- F. Quinn Stepan Jr., a Director of Stepan Co. (SCL), settled 7,517.35 share units.
- These share units were acquired under the Management Incentive Plan (MIP), a nonqualified deferred compensation plan.
- The units, which convert on a one-for-one basis into Common Stock, were settled in cash on February 9, 2026.
- Following this transaction, F. Quinn Stepan Jr. indirectly beneficially owns 35,649.518 derivative share units through an estate for which he serves as executor.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, representing a routine settlement of deferred compensation for a director, with no direct positive or negative implications for the company's operational performance or financial health.
Industry Context
StockSavvy.ai notes that routine insider disclosures like Form 4 filings provide transparency into executive compensation and holdings, which is standard practice across all publicly traded industries. This specific filing details a settlement of deferred compensation, a common mechanism for executive remuneration.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Authorization of Representatives | F. Quinn Stepan, Jr. executed a Power of Attorney on April 24, 2023, authorizing David Gerard Kabbes, Stephanie Jane Pacitti, and James Andrew Hart to execute and file Forms 3, 4, and 5 on his behalf. | 2023-04-24 | Streamlines compliance with Section 16 reporting requirements for the director. |
Key Dates
| Date | Description |
|---|---|
| 2023-04-24 | Date Power of Attorney was executed by F. Quinn Stepan, Jr. |
| 2026-02-09 | Date of transaction where 7,517.35 share units were settled in cash. |
| 2026-02-19 | Date the Form 4 was filed with the SEC. |
Keywords
Stepan Co, SCL, Form 4, Insider Transaction, Director, Deferred Compensation, Share Units, Cash Settlement, Management Incentive Plan
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