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.
To receive a free e-mail notification whenever an insider of Stepan Company makes a similar move, sign up!
Other recent filings from the company include the following:
VP of Stepan Company just sold 400 shares - Dec. 2, 2013