Stepan (NYSE: SCL) VP exercises RSUs and withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Stepan Company executive Sean Thomas Moriarty reported equity award activity involving restricted stock units and common stock. On February 17, 2026, 455 restricted stock units were exercised into 455 shares of Stepan common stock at a stated price of $66.39 per share, consistent with an exercise or conversion of derivative securities. To cover tax obligations on the RSU vesting, 158 common shares were disposed of through share withholding, rather than an open-market sale. After these transactions, Moriarty directly holds 14,145.4635 shares of Stepan common stock and indirectly holds 4,478.3510 shares through the ESOP II Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
455 shares exercised/converted
Mixed
4 txns
Insider
Moriarty Sean Thomas
Role
VP & GM Surfactants
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 455 | $0.00 | -- |
| Exercise | Common Stock | 455 | $66.39 | $30K |
| Tax Withholding | Common Stock | 158 | $66.39 | $10K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 14,303.464 shares (Direct);
Common Stock — 4,478.351 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. Withholding of shares to satisfy tax liability on the vesting of RSUs. Each restricted stock unit ("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 Sean Thomas Moriarty report?
Sean Thomas Moriarty reported exercising 455 restricted stock units into Stepan common stock and a related tax-withholding share disposition of 158 shares. These award-driven transactions updated both his direct and indirect ownership positions in Stepan Company common stock.
What indirect Stepan (SCL) holdings does Moriarty report through the ESOP II Trust?
Moriarty reports indirect ownership of 4,478.3510 Stepan common shares held by the ESOP II Trust. These shares are categorized as indirectly owned, reflecting beneficial interest through the trust rather than direct personal registration in his own name.
How are Stepan (SCL) restricted stock units defined in Moriarty’s filing?
Each restricted stock unit represents a contingent right to receive one share of Stepan Company common stock. The filing notes that the RSUs vest ratably over three years beginning on the date shown and are settled in shares upon vesting.