Rojo Luis 4

What Happened
Luis Rojo, President & CEO and a director of Stepan Company, had 683 restricted stock units (RSUs) settle into 683 shares of common stock on 2026-02-17 (Form 4 transaction code M). The gross value of the shares at the reported price ($66.39) was $45,344. To cover tax withholding, 237 of those shares were surrendered (code F) valued at $15,734, leaving a net issuance to Rojo of 446 shares (≈ $29,610 at $66.39). This was a routine compensation settlement of RSUs, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-17; reported price per share: $66.39.
• Gross shares settled: 683; shares withheld for taxes: 237; net shares delivered: 446 (683 − 237).
• Dollar amounts reported: gross value $45,344; tax withholding value $15,734; net value ≈ $29,610.
• Form shows both the conversion/acquisition of 683 derivative units into shares (M) and the disposition/cancellation of the derivative units at $0 — standard when RSUs are settled.
• Footnotes: F1–F3 state RSUs were settled into common stock, each RSU equals one share, and the awards vest ratably over three years beginning on the date shown.
• Filing: Report filed on 2026-02-19 (two business days after the 2/17 transaction), which is within the typical 2-business-day Form 4 filing window.
• Shares owned after the transaction: not specified in the provided transaction summary.

Context
This transaction reflects compensation-related RSU vesting and routine tax withholding rather than a market purchase or sale. Such settlements are common for executives receiving equity awards and do not by themselves signal a buy or sell decision in the open market. The Form’s separate M (exercise/conversion) and F (tax withholding) codes are standard for RSU-to-share settlements and withholding to satisfy tax obligations.