Stepan Company

11/08/2024 | Press release | Distributed by Public on 11/08/2024 09:26

Initial Statement of Beneficial Ownership - Form 3

Ownership Submission
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
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1. Name and Address of Reporting Person *
Hinrichsen Samuel S
2. Date of Event Requiring Statement (Month/Day/Year)
2024-10-29
3. Issuer Name and Ticker or Trading Symbol
STEPAN CO [SCL]
(Last) (First) (Middle)
1101 SKOKIE BLVD, SUITE 500
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
VP & Interim CFO /
5. If Amendment, Date Original Filed (Month/Day/Year)
(Street)
NORTHBROOK IL 60062
6. Individual or Join/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security 2. Amount of Securities Beneficially Owned 3. Ownership Form: Direct (D) or Indirect (I) 4. Nature of Indirect Beneficial Ownership
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security 2. Date Exercisable and Expiration Date 3. Title and Amount of Securities Underlying Derivative Security 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) 6. Nature of Indirect Beneficial Ownership
Date Exercisable Expriation Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Hinrichsen Samuel S
1101 SKOKIE BLVD, SUITE 500

NORTHBROOK, IL60062


VP & Interim CFO

Signatures

/s/ Stephanie J. Pacitti, attorney-in-fact for Samuel S. Hinrichsen 2024-11-08
**Signature of Reporting Person Date

Explanation of Responses:

(*) 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).
(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.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.