Delgado Joaquin 4

What Happened

• Joaquin Delgado, a director of Stepan Company (SCL), was granted 2,566 shares on May 8, 2026. The shares are reported at $52.61 each, for a total reported value of $134,997. This transaction is coded as an award/grant (A), meaning these shares were issued as compensation or a company grant rather than bought on the open market.

Key Details

• Transaction date and price: 2026-05-08 at $52.61 per share (2,566 shares; $134,997 total).
• Shares owned after transaction: Not reported in the provided data.
• Footnotes/notable items: Transaction coded "A" (award/grant). No 10b5-1 plan, tax withholding, or other footnotes provided in the supplied details.
• Filing timeliness: Form 4 filed on 2026-05-12. This appears to be timely under Section 16 (filed within the required two business days).

Context

• Awards/grants are typically part of director or executive compensation plans and do not carry the same market-sentiment signal as open-market purchases. They show company compensation expense and align insider interests with shareholders but should not be read alone as a bullish or bearish market signal.