Scott R. Behrens is the President and CEO of Stepan Co., a global company focused on chemical manufacturing. He took on the role of CEO on April 25, 2022, after serving as President and COO since January 2021. With nearly...

Number of Employees

2.45K

Year

2023

Total Compensation

$1.05M

Salary

$933.33K

Board Justification

The Company’s compensation philosophy is to pay for performance, aligning the interests of employees with those of stockholders, and ensuring competitive compensation levels.

Bonus

$0.00

Board Justification

Due to the Company’s 2023 financial performance, the NEOs did not receive any annual incentive awards for 2023.

Other

$116.93K

Board Justification

Includes contributions to defined contribution accounts and personal use of Company-leased vehicles.

Restricted Stock

$0.00(0 RSU)

Board Justification

No performance shares were earned or issued in respect of the performance shares granted in 2023 due to not meeting financial goals.

Performance Metrics

The performance metrics for 2023 included Corporate Net Income and Corporate Growth Goal, which were not met.

SEC Filing

From March 26, 2024