Equity awards granted to Stepan (SCL) VP, GC & Secretary Lisle

Rhea-AI Filing Summary

Stepan Co vice president, general counsel and secretary Shawn G. Lisle reported multiple equity awards. On March 2, 2026, he received 4,495 restricted stock units, 2,247 performance shares and 6,440 stock appreciation rights, all as grants with no cash paid. On February 27, 2026, he also acquired 25.544 shares of common stock at $52.51 per share as an award. The RSUs vest in equal portions over three years, while the performance shares vest if Stepan meets specified performance goals for a period ending on December 31, 2028.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lisle Shawn G

(Last) (First) (Middle)

1101 SKOKIE BOULEVARD, SUITE 500

(Street)

NORTHBROOK IL 60062

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
STEPAN CO [ SCL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP GC & Secretary

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/27/2026		A		25.544	A	$52.51	25.544	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	03/02/2026		A		4,495		03/02/2027(2)	03/02/2029	Restricted Stock Units	4,495	$0	4,495	D
Performance Shares	(3)	03/02/2026		A		2,247		(4)	(4)	Common Stock	2,247	$0	2,247	D
Stock Appreciation Right	$17.47	03/02/2026		A		6,440		03/02/2027(2)	03/03/2036	Common Stock	6,440	$0	6,440	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Stepan Company common stock.

2. Vest ratably over three years beginning on the date shown.

3. Each performance share represents a contingent right to receive one share of Stepan Company common stock.

4. The performance shares vest upon the certification of Stepan Company achieving certain performance goals for the performance period ending December 31, 2028.

	/s/ James A. Hart, attorney-in-fact for Shawn G. Lisle	03/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transactions did SCL executive Shawn G. Lisle report?

Shawn G. Lisle reported equity grants and awards, not open-market trades. These included restricted stock units, performance shares, stock appreciation rights, and a small common stock award, all reflecting compensation rather than discretionary buying or selling of Stepan common stock.

How many restricted stock units did SCL grant to Shawn G. Lisle?

Stepan granted 4,495 restricted stock units to Shawn G. Lisle. Each RSU represents a contingent right to receive one share of Stepan common stock, vesting in equal installments over three years beginning on the grant date shown in the filing.

What performance share award did Shawn G. Lisle receive from Stepan (SCL)?

Shawn G. Lisle received 2,247 performance shares from Stepan. Each performance share is a contingent right to one common share and vests only if Stepan achieves specified performance goals for the performance period ending on December 31, 2028.

What stock appreciation rights were granted to the SCL executive in this Form 4?

The filing shows a grant of 6,440 stock appreciation rights to Shawn G. Lisle. Stock appreciation rights typically provide value based on stock price appreciation over time, and here they are reported as a derivative equity award with no cash paid at grant.

Did Shawn G. Lisle buy or sell SCL common stock in the open market?

The Form 4 does not show open-market buys or sells. It reports an award of 25.544 common shares at $52.51 per share, coded as a grant or other acquisition rather than a discretionary purchase on the market.

How do the SCL restricted stock units for Shawn G. Lisle vest over time?

The restricted stock units vest ratably over three years beginning on the grant date. That means the RSU award converts into Stepan common shares in equal annual installments, assuming continued service and any applicable conditions are satisfied.