Galimberti Afonso Adriano Jose 4

What Happened
Afonso Galimberti, VP and GM Surfactants North America at Stepan Company (SCL), was granted a total of 7,625 derivative awards on April 13, 2026 (1,310 + 2,621 + 3,694 shares). These awards were reported as grants/awards (code A) with an acquisition price of $0.00 — i.e., no cash was paid. The awards consist of performance shares and restricted stock units (RSUs) that convert to one share of Stepan common stock if/when vesting conditions are met. This is a compensation award (not a market purchase or sale).

Key Details

• Transaction date: 2026-04-13; Form 4 filed: 2026-04-15 (timely filing).
• Awards: 1,310; 2,621; and 3,694 shares — total 7,625 shares. Price: $0.00 (derivative awards).
• Each performance share and RSU represents a contingent right to one share of common stock (see footnotes).
• Vesting: performance shares vest upon certification that specified performance goals for the period ending 12/31/2028 are met; RSUs vest ratably over three years beginning on the grant date.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Transaction code: A = award/grant. No 10b5-1, tax-withholding, or late-filing notes were indicated in the excerpt.

Context
Awards like performance shares and RSUs are common executive compensation/retention tools. Performance shares depend on future company performance and may never convert to shares if goals aren't met; RSUs are time-based and vest over the stated schedule. Because these are awards (no cash outlay and vesting is contingent), they do not signal an immediate buy or sell decision by the insider.