Stepan Richard Finn 4

What Happened
Richard Finn, Vice President and General Manager, Polymers at Stepan Company, had restricted stock units (RSUs) settle on 2026-02-17. The settlement converted 341 RSUs into 341 shares of common stock (value reported as $66.39/share, total $22,639). To cover taxes on the vesting, 118 of those shares were withheld (value $7,834), leaving a net of 223 shares issued to him (net value ≈ $14,805).

Key Details

• Transaction date: 2026-02-17. Form filed 2026-02-19 (not reported late).
• Converted/settled: 341 RSUs → 341 shares at $66.39/share (total $22,639).
• Tax withholding: 118 shares withheld to satisfy tax liability (value $7,834).
• Net shares delivered to insider: 223 shares (≈ $14,805).
• Footnotes: RSUs represent one share per unit, settled in common stock; withholding was used to satisfy taxes; awards vest ratably over three years beginning on the date shown.
• Shares owned after transaction: not specified in the filing.

Context
This was a routine RSU vesting and cashless-like settlement (shares withheld for taxes), not an open-market purchase or sale. For derivative lines: one entry shows conversion of the RSU (derivative) into common stock and another records the withholding disposition for taxes—both are standard for vested equity awards and do not by themselves indicate a decision to buy or sell shares on the open market.