Stepan (SCL) CFO Ruben Velasquez Receives RSU Shares

What Happened
Ruben Dario Velasquez, Chief Financial Officer of Stepan Company, had 1,358 restricted stock units (RSUs) settle into common shares on August 10, 2026. The filing shows a gross value of $87,829 for the 1,358 shares and that 398 of those shares were withheld to satisfy taxes (value $25,741), leaving a net issuance of 960 shares to Velasquez (net value ≈ $62,088 based on the filing math). The transactions are recorded as a conversion/settlement of derivative awards (code M) and a tax withholding (code F).

Key Details

• Transaction date: 2026-08-10; Form 4 filed 2026-08-12 (appears timely, within the usual two-business-day window).
• Shares settled: 1,358 RSUs converted to common stock at an indicated per-share value of $64.67 (gross $87,829).
• Tax withholding: 398 shares withheld to cover tax liability (398 × $64.67 = $25,741).
• Net shares issued to insider: 960 shares (1,358 − 398).
• Footnotes: RSUs were settled in shares per award terms; each RSU equals one share; withholding used to satisfy taxes; awards vest ratably over three years beginning on the date shown.
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context
This was not an open-market buy or sale but the settlement of previously granted RSUs (an award vesting event). The withholding of shares to cover taxes is a common, routine practice and is reported as a disposition (code F) on Form 4. Such vesting events reflect compensation being converted to equity rather than a discretionary purchase or sale by the insider.