Stepan (NYSE: SCL) VP gets new equity grants and fixes option price error
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
STEPAN CO executive Richard Finn, V.P. and General Manager of Polymers, reported new equity compensation awards. He received a stock appreciation right covering 7,155 shares of common stock with a conversion price of $50.06 per share, expiring on March 3, 2036. He was also granted 2,497 performance shares and 4,994 restricted stock units, each representing the right to receive one share of common stock, with the performance shares tied to goals for a period ending December 31, 2028. The RSUs and certain awards vest ratably over three years starting on the grant date.
This amended Form 4 corrects the previously reported conversion price of the stock appreciation right from $17.47 to $50.06; all other terms of the transaction remain unchanged. Following these awards, Finn reports 241,395.915 shares of common stock held directly, along with additional indirect holdings through an ESOP trust, a personal trust, and family accounts.
Positive
- None.
Negative
- None.
Insider Trade Summary
10 transactions reported
Mixed
10 txns
Insider
Stepan Richard Finn
Role
V.P. and Gen'l. Mgr., Polymers
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 4,994 | $0.00 | -- |
| Grant/Award | Performance Shares | 2,497 | $0.00 | -- |
| Grant/Award | Stock Appreciation Right | 7,155 | $0.00 | -- |
| Grant/Award | Common Stock | 56.765 | $52.51 | $3K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 4,994 shares (Direct, null);
Performance Shares — 2,497 shares (Direct, null);
Stock Appreciation Right — 7,155 shares (Direct, null);
Common Stock — 241,395.915 shares (Direct, null);
Common Stock — 43,439 shares (Indirect, By Daughter)
Footnotes (1)
- Each RSU represents a contingent right to receive one share of Stepan Company common stock. Vests ratably over three years beginning on the date shown. Each performance share represents a contingent right to receive one share of Stepan Company common stock. The performance shares vest upon the certification of Stepan Company achieving certain performance goals for the performance period ending December 31, 2028. This Form 4/A amends the reporting person's original Form 4 filed on March 4, 2026 (the "Original Filing"). The Original Filing inadvertently reported an incorrect stock appreciation right ("SAR") conversion/exercise price due to an administrative error in the pricing calculation. The correct conversion/exercise price for the reported transaction is $50.06 not $17.47 as previously reported. This amendment corrects the reported conversion/exercise price. No other aspects of the reported transaction are affected. Vests ratably over three years beginning on the date shown.
Key Figures
Stock Appreciation Right grant: 7,155 shares at $50.06
Performance shares granted: 2,497 shares
RSUs granted: 4,994 units
+4 more
7 metrics
Stock Appreciation Right grant
7,155 shares at $50.06
Conversion/exercise price; expires March 3, 2036
Performance shares granted
2,497 shares
Vest based on goals through December 31, 2028
RSUs granted
4,994 units
Each unit equals one common share; three-year ratable vesting
Direct common stock holding
241,395.915 shares
Shares of Stepan common stock held directly after transactions
ESOP II Trust holding
1,238.22 shares
Indirect ownership via ESOP II Trust
Trust indirect holding
95,416 shares
Indirect ownership reported as held by trust
Corrected SAR price
$50.06 vs. prior $17.47
Amended to fix administrative pricing error
Key Terms
Stock Appreciation Right, Restricted Stock Units, performance shares, Form 4/A, +1 more
5 terms
Stock Appreciation Right financial
"The correct conversion/exercise price for the reported Stock Appreciation Right transaction is $50.06"
A stock appreciation right (SAR) is a form of employee pay that gives the holder the right to receive the increase in a company's share price over a set reference price, paid in cash or shares, without having to buy stock first. It matters to investors because SARs can create future cash outflows or dilute existing shareholders if settled in stock, and they align employee incentives with share-price performance like a bonus tied to a home's price rise.
Restricted Stock Units financial
"Each RSU represents a contingent right to receive one share of Stepan Company common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Form 4/A regulatory
"This Form 4/A amends the reporting person's original Form 4 filed on March 4, 2026."
Form 4/A is an amended filing that corrects or updates an earlier Form 4, the mandatory report that insiders (like company executives, directors, or large shareholders) must file when their ownership stakes change. Think of it as an edited receipt showing who bought or sold stock and when; investors use it to track insider confidence, detect potential conflicts, and spot trading patterns that might signal future company prospects.
ESOP II Trust financial
"Common Stock holding reported as indirect ownership By ESOP II Trust."
FAQ
What insider transactions did SCL executive Richard Finn report on this Form 4/A?
Richard Finn reported grants of a stock appreciation right, performance shares, restricted stock units, and an additional common stock award. These awards are part of his equity compensation and do not reflect open-market buying or selling activity.
How many stock appreciation rights were granted to Richard Finn at Stepan Co (SCL)?
Richard Finn was granted a stock appreciation right covering 7,155 shares of Stepan common stock at a conversion price of $50.06 per share. The award expires on March 3, 2036, providing long-term equity-linked compensation.
What correction does this amended Form 4/A for SCL disclose?
The amended filing corrects the conversion price of the stock appreciation right from $17.47 to $50.06. Stepan states that no other aspects of the reported transaction were affected by this administrative pricing error correction.