Stepan (SCL) CEO exercises RSUs and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stepan Company’s President and CEO Luis Rojo reported equity award activity involving restricted stock units and common shares. On February 17, 2026, 683 restricted stock units were settled into 683 shares of common stock, consistent with the award terms where each unit equals one share.
To cover tax obligations related to this settlement, 237 restricted stock units were disposed of at a price of $66.39 per share. Following these transactions, Rojo directly owns 795 restricted stock units and 15,877.901 shares of common stock, plus an additional 511.83 shares held indirectly through the ESOP II Trust.
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 | -- |
| Tax Withholding | Restricted Stock Units | 237 | $66.39 | $16K |
| Exercise | Common Stock | 683 | $66.39 | $45K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,032 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.
FAQ
What did Stepan (SCL) CEO Luis Rojo report in this Form 4 filing?
Luis Rojo reported equity award activity, not an open-market trade. 683 restricted stock units converted into common shares, and a portion was disposed of to cover taxes. His direct and indirect ownership amounts were updated to reflect these equity-related transactions.
Why were some Stepan (SCL) restricted stock units disposed of in this Form 4?
237 restricted stock units were disposed of to satisfy tax withholding obligations associated with the equity award settlement. This transaction used a price of $66.39 per share and reflects a tax-related disposition, not an open-market sale of Stepan common stock by the CEO.
How do Stepan (SCL) restricted stock units work for the CEO’s award?
Each restricted stock unit gives the right to receive one share of Stepan common stock. The award vests ratably over three years from the grant date, and units are settled in shares upon vesting, with some shares potentially withheld to cover tax liabilities.