Equity grants to Stepan (NYSE: SCL) VP under incentive plan
Rhea-AI Filing Summary
STEPAN CO reported that executive Richard Finn Stepan, Vice President and General Manager, Polymers, received several equity incentives. On March 2, 2026, he was granted 7,155 stock appreciation rights that vest ratably over three years, beginning on that date.
He also acquired 2,497 performance shares and 4,994 restricted stock units, each representing a contingent right to receive one share of Stepan common stock. The performance shares vest when the company certifies that performance goals for the period ending December 31, 2028 are achieved, while the RSUs vest ratably over three years from the grant date.
On February 27, 2026, he was awarded 56.765 shares of common stock at $52.51 per share. The filing also lists indirect common stock holdings attributed to his daughter, son, spouse, a trust, and an ESOP II trust, reflecting additional ownership positions reported as indirect.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Appreciation Right | 7,155 | $0.00 | -- |
| Grant/Award | Performance Shares | 2,497 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 4,994 | $0.00 | -- |
| Grant/Award | Common Stock | 56.765 | $52.51 | $3K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Vests ratably over three years beginning on the date shown. Each performance share represents a contingent right to receive one share of Stepan Company common stock. The performance shares vest upon the certification of Stepan Company achieving certain performance goals for the performance period ending December 31, 2028. 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.
