Haire Robert Joseph 4

What Happened
Robert Joseph Haire, EVP, Supply Chain at Stepan Company (SCL), had restricted stock units (RSUs) settle on May 1, 2026. He received 550 shares of common stock valued at $50.33 per share (total about $27,682). To satisfy tax withholding on the vesting, 162 of those shares were withheld (worth about $8,153).

Key Details

• Transaction date: May 1, 2026. Filing date: May 5, 2026. (Form 4 shows the report was filed four days after the transaction date.)
• Received: 550 shares at $50.33 each — total value ≈ $27,682 (derivative conversion/settlement of RSUs).
• Withheld for taxes: 162 shares at $50.33 each — value ≈ $8,153 (tax withholding to satisfy liability on vesting).
• Footnotes from the filing:
  • F1/F3: RSUs were settled in shares; each RSU equals one share.
  • F2: Shares were withheld to satisfy the tax liability on vesting.
  • F4: These awards vest ratably over three years beginning on the date shown.
• Shares owned after the transaction: not disclosed in the excerpt of this filing.

Context
This was an RSU vesting and settlement event (an award conversion), not an open-market purchase or sale for investment purposes. The withholding of shares to cover taxes is a routine administrative step and does not necessarily indicate buying or selling intent. The conversion entry at $0.00 reflects the derivative/RSU being converted into stock rather than a cash purchase.