March 10, 2025 · Form 4 insider transaction
STEPAN F QUINN JR sold 2,375.041 shares of Stepan Co, a transaction worth N/A. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 0 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 10, 2025, 2,375.041 share units were settled for an equal number of shares of Stepan Company common stock and distributed to beneficiaries, including 339.292 shares distributed to the reporting person.; 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.