The above information was disclosed in a filing to the SEC. Some additional info was provided as follows:
Each performance share represents a contingent right to receive 1 share of Stepan Company Common Stock. The performance shares vest upon Stepan Company achieving certain financial targets by December 31, 2015.
To see this filing in its entirety, click here.
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Other recent filings from the company include the following:
Stepan Company's VP/GM Surfactants just picked up 12 shares - Sept. 17, 2014
Stepan Company's President & CEO just picked up 412 shares - Sept. 17, 2014
Stepan Company's Vice President R&D just picked up 114 shares - Sept. 17, 2014
VP of Stepan Company just picked up 50 shares - Sept. 17, 2014
Stepan Company's Chairman was just granted 1,490 restricted shares - Sept. 17, 2014
Stepan Company's VP of Human Resources just picked up 65 shares - Sept. 17, 2014