What equity awards did Stepan Company's CFO Ruben Dario Velasquez receive, and why was an amended Form 4 filed?

Stepan Company's CFO, Ruben Dario Velasquez, received Stock Appreciation Rights (SARs), performance shares, and restricted stock units as part of his compensation package, designed to align his incentives with the company's long-term performance. An amended Form 4 was filed to correct an administrative error in the SAR conversion/exercise price, which was adjusted from $17.47 to $50.06.

How does the SAR exercise price adjustment reflect on Stepan Company's executive compensation practices?

The SAR exercise price adjustment—from $17.47 to $50.06—was made solely to correct an administrative error, as disclosed in the amended Form 4 filing, and does not indicate a change in compensation policy or valuation methodology; it underscores the company's commitment to accuracy in regulatory disclosures while maintaining the original intent of the equity awards to tie executive incentives to long-term company performance.

Stepan CFO Receives Equity Grants, Adjusts SAR Exercise Price

May 13, 2026

Stepan Company CFO Ruben Dario Velasquez received equity awards including SARs and restricted stock units. The company corrected an administrative error in the SAR exercise price, adjusting it from $17.47 to $50.06.

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