STEPAN F QUINN JR 4

What Happened

• Stepan F. Quinn Jr, a director of Stepan Company (SCL), reported a derivative transaction coded M: 7,517.35 deferred share units were settled (disposed) for cash on February 9, 2026. The filing does not disclose a per-share price or total dollar amount.
• The units were granted under Stepan’s Management Incentive Plan (MIP) and convert one-for-one into common stock equivalents; in this case the company paid out the economic value in cash rather than delivering shares.

Key Details

• Transaction date: 2026-02-09 (reported on Form 4 filed 2026-02-19).
• Transaction type/code: M — exercise/conversion of derivative; reported as a disposition (cash settlement).
• Shares/units: 7,517.35 share units settled in cash. No per-share price or total cash amount shown in the filing.
• Shares owned after transaction: not disclosed in the provided filing.
• Relevant footnotes: F1–F3 explain these are MIP deferred share units (participants can defer incentive awards; units convert 1:1 to common stock and are generally payable at end of employment). F4 confirms the 7,517.35 units were settled in cash. F5 notes some shares are held by an estate for which the reporting person is executor.
• Filing timing: The Form 4 was filed 10 days after the transaction (Feb 19 vs Feb 9), which appears later than the typical two-business-day filing window for many insider transactions.

Context

• This was a cash settlement of deferred compensation (conversion of share units), not an open-market sale or purchase of stock. Cash settlements are routine ways for insiders to receive deferred pay and do not necessarily indicate a change in sentiment toward the company.
• For retail investors, purchases tend to be more informative about insider confidence; this transaction simply reflects payout of previously awarded deferred units.