STEPAN CO (SCL) CEO exercises RSUs and withholds shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
STEPAN CO President & CEO Luis Rojo reported equity award activity involving restricted stock units and common shares. On the reported date, 683 restricted stock units were exercised and settled into 683 shares of common stock at $66.3900 per share. To cover tax obligations, 237 common shares were disposed of through a tax-withholding transaction, leaving 15,640.901 common shares held directly after these transactions. An additional 511.8300 common shares are held indirectly through the Esop II Trust. The filing also amends a prior report to correct the dates for “Date Exercisable” and “Expiration Date” on the related award.
Positive
- None.
Negative
- None.
Insider Trade Summary
683 shares exercised/converted
Mixed
4 txns
Insider
Rojo Luis
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 683 | $0.00 | -- |
| Exercise | Common Stock | 683 | $66.39 | $45K |
| Tax Withholding | Common Stock | 237 | $66.39 | $16K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 15,877.901 shares (Direct);
Common Stock — 511.83 shares (Indirect, By Esop II Trust)
Footnotes (1)
- The restricted stock units ("RSUs") were settled in shares of common stock per the terms of the award. 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. The Reporting Person's Form 4 filed on February 19, 2026 included incorrect dates for "Date Exercisable" and "Expiration Date". These dates have been corrected herein.
FAQ
What insider transactions did Luis Rojo report for STEPAN CO (SCL)?
Luis Rojo reported exercising 683 restricted stock units into 683 STEPAN CO common shares and a related tax-withholding share disposition. These transactions reflect equity award settlement and do not represent an open-market stock purchase or sale by the executive.
What do transaction codes M and F mean in Luis Rojo’s STEPAN CO Form 4/A?
Code M reflects the exercise or conversion of a derivative security, here restricted stock units settled into common shares. Code F indicates shares delivered for payment of the exercise price or tax liability, showing a tax-withholding transaction rather than a traditional market sale.
Why was this STEPAN CO insider filing submitted as an amended Form 4/A?
The amendment corrects previously reported dates for “Date Exercisable” and “Expiration Date” on the equity award. The filing states that the original Form 4 included incorrect dates, and this version updates those fields while restating the underlying RSU settlement details.
How do the restricted stock units function in Luis Rojo’s STEPAN CO compensation?
Each restricted stock unit represents a contingent right to receive one share of STEPAN CO common stock. The award vests ratably over three years starting on the specified date, and vested RSUs are settled in common shares according to the award’s terms described in the filing.