STEPAN CO
For the period ended Mar 31, 2025. Filed May 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 7, 2025
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Item 1A. Risk Factors
There have been no material changes to the risk factors disclosed in the Company’s 2024 Annual Report on Form 10-K.
Below is a summary by month of share purchases by the Company during the first quarter of 2025:
| Month · Total Numberof Shares Purchased · Average PricePaid per Share · Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1) · Approximate Dollar Value of Shares That May Yet be Purchased Under the Plans or Programs (1) | |||||
|---|---|---|---|---|---|
| January 2025 | 1,225 | (2) | $63.46 | — | $125,050,905 |
| February 2025 | 30,743 | (3) | $62.12 | — | $125,050,905 |
| March 2025 | 9,686 | (4) | $57.92 | — | $125,050,905 |
| Total | 41,654 | $61.18 | — | $125,050,905 | |
(1)
On October 20, 2021, the Company announced that its Board of Directors had authorized the Company to repurchase up to $150,000,000 of its outstanding common stock. Under this program, which does not have an expiration date, repurchases may be made from time to time through open market transactions, privately negotiated transactions or a combination of the foregoing, subject to applicable laws.
(2)
Represents shares of the Company's common stock surrendered by employees to settle statutory withholding taxes related to the distribution of stock appreciation rights.
(3)
Includes 8,617, 20,522 and 1,604 shares of the Company's common stock surrendered by employees to settle statutory withholding taxes related to the distribution of deferred management incentive compensation, the distribution of deferred performance shares and the distribution of restricted stock units, respectively.
(4)
Includes 182, 6,451, 2,921 and 132 shares of the Company's common stock surrendered by employees to settle statutory withholding taxes related to the distribution of deferred management incentive compensation, the distribution of performance shares, the distribution of restricted stock units and the exercise of stock appreciation rights, respectively.
None
Not applicable
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