Velasquez Ruben Dario 4/A

What Happened

• Ruben Dario Velasquez, Chief Financial Officer of Stepan Company, was granted a mix of restricted stock units (RSUs) and performance-share awards. The filing shows 35.601 RSUs reported at $52.51 each (value $1,869) and three derivative/performance awards of 5,993; 2,996; and 8,586 shares (reported at $0 because they are contingent). Total shares awarded equal 17,610.601 (reported as ~17,611).

Key Details

• Transaction dates and prices:
  • 2026-02-27: 35.601 RSUs @ $52.51 each (reported value $1,869) — code A (award/grant).
  • 2026-03-02: 5,993 performance shares @ $0 (derivative/contingent) — code A.
  • 2026-03-02: 2,996 performance shares @ $0 (derivative/contingent) — code A.
  • 2026-03-02: 8,586 performance shares @ $0 (derivative/contingent) — code A.
• Shares owned after the transactions: not disclosed in this Form 4/A.
• Vesting and contingencies:
  • RSUs (F1/F2): each RSU converts to one share; vest ratably over three years beginning on the date shown.
  • Performance shares (F3/F4): each represents one contingent share and vest only if specified performance goals are certified for the performance period ending December 31, 2028.
• Filing status: This is an amended Form 4 (Form 4/A). The Original Form 4 was filed March 4, 2026; this amendment corrects a previously misstated SAR conversion/exercise price (see next item).

Context

• Amendment detail (F5): The filing corrects an administrative error in a previously reported stock appreciation right (SAR) conversion/exercise price — the correct price is $50.06 (previously reported as $17.47). The amendment states no other aspects of the reported transaction were affected.
• These awards are compensation (not open‑market purchases or sales); most of the shares are performance-based and may never vest if goals are unmet. For retail investors, awards signal management compensation alignment but are not the same as a direct purchase that indicates personal buying conviction.