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STEPAN CO·4/A

May 12, 7:36 PM ET

Haire Robert Joseph 4/A

Research Summary

AI-generated summary

Updated

Stepan (SCL) EVP Robert Haire Receives Equity Award

What Happened

  • Robert Joseph Haire, EVP, Supply Chain at Stepan Company, received equity awards reported on Form 4/A. The filing shows 56.765 shares acquired (reported at $52.51, total $2,981) and three derivative awards totaling 17,575 shares (5,993 + 2,996 + 8,586) reported at $0.00 (these are RSUs and performance shares).
  • These are awards/grants (code A) as part of compensation rather than open‑market purchases or sales.

Key Details

  • Transaction dates and reported prices:
    • 2026-02-27: 56.765 shares acquired @ $52.51 (value reported $2,981).
    • 2026-03-02: Grants of 5,993, 2,996 and 8,586 shares reported @ $0.00 (derivative awards).
  • Shares owned after the transactions: not specified in the provided filing details.
  • Footnotes of note:
    • F1: RSUs each represent a contingent right to one share.
    • F2: RSUs vest ratably over three years beginning on the date shown.
    • F3: Performance shares vest only upon certification that Stepan met performance goals for the period ending 12/31/2028.
    • F4: This is an amended Form 4. The amendment corrects a previously misreported SAR conversion/exercise price—correct price is $50.06 (previously reported as $17.47); original Form 4 was filed March 4, 2026; this amendment filed May 12, 2026.
  • Timeliness: the filing provided here is an amendment; the original Form 4 was filed March 4, 2026. The amendment corrects the conversion/exercise price only.

Context

  • The $0.00 entries are typical for RSUs and performance-share grants—these are contingent/derivative awards that convert to shares only upon vesting or achievement of goals, so they are not immediate open‑market purchases.
  • The SAR/conversion entry indicates an instrument converted into 56.765 shares; the amendment corrects the exercise/conversion price which can affect reported economics and tax basis but does not change the number of shares granted.
  • Awards are commonly part of executive compensation and do not, by themselves, indicate that the insider is buying or selling stock in the market.