Rojo Luis 4/A

What Happened

• Luis Rojo, President & CEO and director of Stepan Company (SCL), converted/settled 683 restricted stock units (RSUs) into 683 shares on 2026-02-17 (derivative exercise/conversion). 237 of those shares were withheld to cover taxes, leaving a net 446 shares retained.
• Gross value of the 683 shares at the reported price ($66.39) was $45,344; the tax-withheld portion (237 shares) equals $15,734, so the net value of shares retained is roughly $29,610.

Key Details

• Transaction date: 2026-02-17; reported on amended Form 4 filed 2026-02-19.
• Reported prices/values: $66.39 per share; gross $45,344; withheld $15,734; net ≈ $29,610.
• Codes: M = exercise/conversion of derivative (RSU settlement); F = shares withheld to pay tax liability.
• Footnotes: RSUs were settled into common shares (each RSU = one share) and vest ratably over three years. This filing is an amendment correcting earlier dates in the prior Form 4.
• Shares owned after the transaction are not specified in the provided filing details.

Context

• This was an RSU settlement with shares withheld for taxes (a common, routine practice), not an open-market purchase or sale of stock. Such settlements increase the insider’s share count by the net shares retained but do not necessarily signal a market view.