New insider Hinrichsen Samuel S claimed ownership of 507 shares (SEC Form 3)
$SCL
Package Goods/Cosmetics
Consumer Discretionary
| FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
|||||||||||||||
1. Name and Address of Reporting Person*
(Street)
|
2. Date of Event Requiring Statement
(Month/Day/Year) 10/29/2024 |
3. Issuer Name and Ticker or Trading Symbol
STEPAN CO [ SCL ] |
|||||||||||||
|
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|
5. If Amendment, Date of Original Filed
(Month/Day/Year) |
||||||||||||||
6. Individual or Joint/Group Filing (Check Applicable Line)
| |||||||||||||||
| Table I - Non-Derivative Securities Beneficially Owned | |||
|---|---|---|---|
| 1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
| Common Stock | 189.3615 | D | |
| Common Stock | 317.522 | I | By ESOP II Trust |
|
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
|---|---|---|---|---|---|---|---|
| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Performance Shares | (1) | (1) | Common Stock | 180 | (2) | D | |
| Restricted Stock Units | 12/31/2022(3) | 12/31/2024 | Restricted Stock Units | 180 | (4) | D | |
| Stock Appreciation Right | 12/31/2022(3) | 02/15/2032 | Common Stock | 560 | $111.26 | D | |
| Restricted Stock Units | 02/14/2024(3) | 02/14/2026 | Restricted Stock Units | 136 | (4) | D | |
| Stock Appreciation Right | 02/14/2024(3) | 02/13/2033 | Common Stock | 380 | $109.92 | D | |
| Performance Shares | (5) | (5) | Common Stock | 343 | (2) | D | |
| Restricted Stock Units | 03/04/2025(3) | 03/04/2027 | Restricted Stock Units | 171 | (4) | D | |
| Stock Appreciation Right | 03/04/2025(3) | 03/03/2034 | Common Stock | 468 | $87.5 | D | |
| Share Units | (6) | (6) | Common Stock | 105.94 | (7) | D | |
| Explanation of Responses: |
| 1. The performance shares vest upon the certification of Stepan Company achieving certain performance goals for the performance period ending December 31, 2024. |
| 2. Each performance share represents a contingent right to receive one share of Stepan Company common stock. |
| 3. Vests ratably over three years beginning on the date shown. |
| 4. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Stepan Company common stock. |
| 5. The performance shares vest upon the certification of Stepan Company achieving certain performance goals for the performance period ending December 31, 2026. |
| 6. Share Units are acquired under the Management Incentive Plan (as amended) ("MIP"), a nonqualified deferred compensation plan that allows participants to elect to defer all or a portion of their annual incentive awards into Stepan Company Common Stock. |
| 7. Share Units convert on a one-for-one basis into Common Stock. |
| /s/ Stephanie J. Pacitti, attorney-in-fact for Samuel S. Hinrichsen | 11/08/2024 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||