Stepan corrects executive stock award to 140 shares
The amendment replaces the earlier 90-unit and 90-share figures with 140 each; the 50-share tax withholding remains as originally reported.
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Rhea-AI Filing Summary
Stepan Co (SCL) reports that SVP and GM Surfactants-INT Robin Joseph Weitkamp disposed of 140 restricted stock units and acquired 140 common shares on May 11, 2026, when the units were settled in shares. The amendment corrects an earlier report of 90 RSUs and 90 shares; 50 common shares were withheld to satisfy tax liability, as originally reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F4, F5 | 140 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 140 | $52.58 | $7K |
| Tax Withholding | Common Stock F3 | 50 | $52.58 | $3K |
Footnotes (5)
- F1. The restricted stock units ("RSU") were settled in shares of common stock per the terms of the award.
- F2. On May 12, 2026, the reporting person filed a Form 4 that inadvertently reported that he disposed of 90 RSUs and acquired 90 shares of Common Stock upon vesting of the RSUs. In fact, as reported in this amendment, the reporting person disposed of 140 RSUs and acquired 140 shares of Common Stock upon vesting of the RSUs. The original filing correctly reported the withholding of 50 shares of Common Stock to satisfy tax obligations arising from the settlement. This amendment also corrects the amounts of Common Stock and RSUs beneficially owned following the reported transactions to reflect the corrected transaction amounts.
- F3. Withholding of shares to satisfy tax liability on the vesting of the RSUs.
- F4. Each RSU represents a contingent right to receive one share of Stepan Company common stock.
- F5. Vests ratably over three years beginning on the date shown.
Key Figures
Key Terms
restricted stock units financial
contingent right financial
vesting financial
tax liability financial
FAQ
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How many RSUs did Robin Joseph Weitkamp report settling at Stepan (SCL)?
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