Stepan (NYSE: SCL) VP reports RSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
STEPAN CO executive Richard Finn, Vice President and General Manager of Polymers, reported equity award activity in company stock. On February 17, 2026, 341 restricted stock units were exercised and settled into 341 shares of common stock at $66.39 per share, consistent with the award terms.
To cover taxes on the RSU vesting, 118 shares of common stock were withheld, also at $66.39 per share. After these transactions, Finn directly held 241,339.15 shares of common stock. He also reported indirect holdings, including 43,439 shares held by a daughter, 5,174 by a spouse, 95,416 by a trust, and 1,238.22 by an ESOP II trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
341 shares exercised/converted
Mixed
9 txns
Insider
Stepan Richard Finn
Role
V.P. and Gen'l. Mgr., Polymers
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 341 | $0.00 | -- |
| Exercise | Common Stock | 341 | $66.39 | $23K |
| Tax Withholding | Common Stock | 118 | $66.39 | $8K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 241,457.15 shares (Direct);
Common Stock — 43,439 shares (Indirect, By Daughter)
Footnotes (1)
- The restricted stock units ("RSUs") were settled in shares of common stock per the terms of the award. Withholding of shares to satisfy tax liability on the vesting of RSUs. 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 insider transactions did SCL executive Richard Finn report?
Richard Finn reported RSU-related transactions, including the settlement of 341 restricted stock units into common shares and the withholding of 118 shares to satisfy tax obligations. These actions reflect routine equity compensation activity rather than open-market buying or selling of Stepan common stock.
Were Richard Finn’s Stepan (SCL) transactions open-market buys or sells?
No, the reported activity reflects RSU vesting and share withholding, not open-market trades. The 341-share transaction is classified as an exercise or conversion of derivative securities, and the 118-share disposition is specifically identified as withholding to cover tax liabilities on the RSU vesting.
How do the RSUs in Richard Finn’s Stepan award vest over time?
Each restricted stock unit represents a right to receive one Stepan common share, and the award vests ratably over three years beginning on the stated date. As tranches vest, RSUs are settled into shares, with some shares typically withheld to satisfy associated tax obligations.