Weitkamp Robin Joseph 4

What Happened
Robin Joseph Weitkamp, Vice President and GM Surfactants‑INT at Stepan Company (SCL), had 90 restricted stock units (RSUs) converted into 90 shares of common stock on 2026-05-11. The shares were recorded at $52.58 each for a gross value of $4,732. Of those 90 shares, 50 shares were withheld to satisfy tax withholding (value $2,629), leaving Weitkamp with a net of 40 shares (net value ≈ $2,103). This was an RSU settlement (award conversion), not an open‑market purchase or discretionary sale.

Key Details

• Transaction date: 2026-05-11; filing date: 2026-05-12 (timely filing).
• Gross shares converted/received: 90 shares at $52.58 = $4,732.
• Shares withheld for taxes: 50 shares at $52.58 = $2,629 (tax withholding).
• Net shares retained: 40 shares (≈ $2,103).
• Footnotes: RSUs settled into shares per award terms; each RSU = 1 share; withholding was used to satisfy tax liability; RSUs vest ratably over three years.
• Shares owned after the transaction: not specified in the provided filing details.

Context
This was a routine RSU vesting/settlement (derivative conversion), with shares withheld to cover tax obligations — common practice and not equivalent to an open‑market sale. The filing shows the conversion of RSUs into stock (derivative exercise/conversion) and the tax withholding; it does not imply a purchase decision or a market sale by the insider.