March 6, 2025 · Form 4 insider transaction
STEPAN F QUINN JR sold 49,154.253 shares of Stepan Co, a transaction worth N/A. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 4 days after the transaction.
Share Units are acquired under the Management Incentive Plan ("MIP"), a nonqualified deferred compensation plan that allows participants to defer all or a portion of their annual incentive awards.; Share Units convert on a one-for-one basis into Common Stock.; Each share unit was the economic equivalent of one share of Stepan Company common stock. On March 6, 2025, 49,154.253 share units were settled in cash.; Share Units are generally payable at end of employment, unless otherwise elected.; Shares held by an estate of which the reporting person serves as executor.