[Form 4] Stepan Co. Insider Trading Activity
Rhea-AI Filing Summary
Stepan Co. director F. Quinn Stepan Jr. reported transfers and deferred-compensation share units resulting in increased reported holdings. On 08/12/2025 he received 20,676 shares from his mother's estate and a trust received 2,448 shares from the same estate. The filing notes he disclaims beneficial ownership of certain shares except to the extent of any pecuniary interest and that he serves as executor of his mother's estate.
The report also shows participation in the Management Incentive Plan where 63,404.923 share units are held directly and 43,166.868 share units indirectly; these units convert one-for-one into common stock and are generally payable at end of employment. The transactions are transfers and deferred-compensation allocations rather than open-market purchases or sales.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine insider transfers and deferred-compensation units increased reported holdings but show no open-market buying or selling.
The Form 4 documents non-market transfers: 20,676 shares passed to the reporting person from his mother's estate and 2,448 shares were allocated to a trust. In addition, the reporting person holds 63,404.923 direct and 43,166.868 indirect share units under the MIP that convert one-for-one to common stock and are payable at termination. These items affect reported beneficial ownership levels but do not reflect discretionary market-driven trades by the insider.
TL;DR: Estate distributions and deferred-compensation reporting are governance-relevant but not materially adverse.
The filing discloses estate-related transfers and customary disclaimers of beneficial ownership, noting the reporting person is executor for his mother's estate. The disclosure and the use of trusts and family entities to hold shares are standard governance items that help clarify indirect ownership. The MIP share-unit details (conversion and payout timing) are explicit and consistent with deferred-compensation practice.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| W | Common Stock | 20,676 | $0.00 | -- |
| W | Common Stock | 20,676 | $0.00 | -- |
| W | Common Stock | 2,448 | $0.00 | -- |
| W | Common Stock | 2,448 | $0.00 | -- |
| W | Common Stock | 138,745 | $0.00 | -- |
| holding | Share Units | -- | -- | -- |
| holding | Share Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- On August 12, 2025, the reporting person received 20,676 shares from his mother's estate. The reporting person disclaims beneficial ownership of these securities, except to extent of any pecuniary interest in the shares. Shares held by an estate of which the reporting person serves as executor. On August 12, 2025, the trust received 2,448 shares from the reporting person's mother's estate. Joint Tenancy with Spouse. 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.
