Deferred MIP units settled in cash for Stepan (NYSE: SCL) director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
STEPAN CO director Quinn Stepan Jr. reported an indirect transaction involving share units tied to a deferred compensation arrangement rather than open-market trading. On February 9, 2026, 7,517.35 Share Units, each economically equivalent to one share of common stock, were involved in an exercise or conversion of a derivative security under the Management Incentive Plan, a nonqualified deferred compensation plan. According to the footnotes, these share units were settled in cash, and the holdings are reported as indirect, including amounts held through a father's deferred MIP and an estate for which he serves as executor. After the transaction, indirect holdings related to this arrangement totaled 35,649.518 Share Units.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,517.35 shares exercised/converted
Mixed
1 txn
Insider
STEPAN F QUINN JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Share Units | 7,517.35 | $0.00 | -- |
Holdings After Transaction:
Share Units — 35,649.518 shares (Indirect, By Father's Deferred MIP)
Footnotes (1)
- Share Units are acquired under the Management Incentive Plan ("MIP"), a nonqualified deferred compensation plan that allows participants to defer all or a portion of their annual incentive awards. Share Units convert on a one-for-one basis into Common Stock. Share Units are generally payable at end of employment, unless otherwise elected. Each share unit was the economic equivalent of one share of Stepan Company common stock. On February 9, 2026, 7,517.35 share units were settled in cash. Shares held by an estate of which the reporting person serves as executor.
FAQ
What insider transaction did Stepan (SCL) director Quinn Stepan Jr. report?
He reported an indirect exercise or conversion of derivative share units under a deferred compensation plan, not an open-market trade. On February 9, 2026, 7,517.35 share units economically equivalent to common stock were settled in cash, reflecting compensation-related activity rather than a stock purchase or sale.
What is the Management Incentive Plan mentioned in the Stepan (SCL) Form 4?
The Management Incentive Plan is a nonqualified deferred compensation plan allowing participants to defer all or part of annual incentive awards. Under this plan, share units are acquired, convert one-for-one into common stock economically, and are generally payable at the end of employment unless another timing election is made.