0000094049 2025-01-01 2025-12-31 0000094049 2024-01-01 2024-12-31 0000094049 2021-01-01 2021-12-31 0000094049 2022-01-01 2022-12-31 0000094049 2023-01-01 2023-12-31 0000094049 scl:FQuinnStepanJrMember 2021-01-01 2021-12-31 0000094049 scl:ScottRBehrensMember 2021-01-01 2021-12-31 0000094049 scl:LuisERojoMember 2021-01-01 2021-12-31 0000094049 scl:FQuinnStepanJrMember 2022-01-01 2022-12-31 0000094049 scl:ScottRBehrensMember 2022-01-01 2022-12-31 0000094049 scl:LuisERojoMember 2022-01-01 2022-12-31 0000094049 scl:LuisERojoMember 2023-01-01 2023-12-31 0000094049 scl:FQuinnStepanJrMember 2023-01-01 2023-12-31 0000094049 scl:ScottRBehrensMember 2023-01-01 2023-12-31 0000094049 scl:FQuinnStepanJrMember 2024-01-01 2024-12-31 0000094049 scl:ScottRBehrensMember 2024-01-01 2024-12-31 0000094049 scl:LuisERojoMember 2024-01-01 2024-12-31 0000094049 scl:ScottRBehrensMember 2025-01-01 2025-12-31 0000094049 scl:LuisERojoMember 2025-01-01 2025-12-31 0000094049 scl:FQuinnStepanJrMember 2025-01-01 2025-12-31 0000094049 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000094049 ecd:EqtyAwrdsAdjsMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000094049 ecd:EqtyAwrdsAdjsMember ecd:PeoMember 2025-01-01 2025-12-31 0000094049 ecd:FrValAsOfPrrYrEndOfEqtyAwrdsGrntdInPrrYrsFldVstngCondsDrngCvrdYrMember ecd:PeoMember 2025-01-01 2025-12-31 0000094049 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:PeoMember 2025-01-01 2025-12-31 0000094049 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:PeoMember 2025-01-01 2025-12-31 0000094049 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000094049 scl:ReportedValuesDeductedMember ecd:PeoMember 2025-01-01 2025-12-31 0000094049 scl:CalculatedValuesAddedMember ecd:PeoMember 2025-01-01 2025-12-31 0000094049 scl:ReportedValuesDeductedMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000094049 scl:CalculatedValuesAddedMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000094049 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:PeoMember 2025-01-01 2025-12-31 0000094049 ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember ecd:PeoMember 2025-01-01 2025-12-31 0000094049 ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000094049 ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000094049 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000094049 ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0000094049 ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember ecd:PeoMember 2025-01-01 2025-12-31 0000094049 3 2025-01-01 2025-12-31 0000094049 2 2025-01-01 2025-12-31 0000094049 1 2025-01-01 2025-12-31 0000094049 5 2025-01-01 2025-12-31 0000094049 4 2025-01-01 2025-12-31 iso4217:USD DEF 14A false 0000094049 STEPAN COMPANY <div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;font-weight:bold">Policies and Practices Related to the Grant of Equity Awards Close in Time to the Release of Material Nonpublic Information </div><div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">The Committee generally grants equity awards on a predetermined schedule. Generally at its first regularly scheduled <div style="display:inline;">meeting </div>of any fiscal year, the Committee reviews and approves the target values and award types of the equity compensation to be awarded (including SARs, RSUs and performance shares) to executive officers and other eligible employees. The grant of approved equity awards then occurs two business days after the filing of the Company’s Annual Report on Form <div style="white-space:nowrap;display:inline;">10-K</div> for the prior year. In certain circumstances, including the hiring or promotion of an eligible employee, the Committee (or the Chief Executive Officer and the Chief Human Resources Officer, with authority delegated by the Committee, as appropriate) may approve grants to be effective at other times. Such grants in 2025 were generally effective two business days after the filing of the Company’s first Quarterly Report on Form <div style="white-space:nowrap;display:inline;">10-Q</div> filed following the eligible employee’s hiring or promotion. </div><div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">The Committee does not take material nonpublic information into account when determining the timing and terms of equity awards and the Company does not time the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation. Instead, the timing of grants coincides with the Company’s annual compensation cycle, with awards approved at the first regularly scheduled Committee meeting of the new fiscal year to incentivize the eligible employees to deliver on the Company’s strategic objectives for the new fiscal year. In 2025, the Company did not award any SARs (or stock options) to the NEOs during any period beginning four business days before the filing of a periodic report on Form <div style="white-space:nowrap;display:inline;">10-Q</div> or Form <div style="white-space:nowrap;display:inline;">10-K</div> or the filing or furnishing of a current report on Form <div style="white-space:nowrap;display:inline;">8-K</div> disclosing material nonpublic information and ending one business day after the filing or furnishing of such report with the SEC. </div> true true <div id="toc908270_52" style="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:ARIAL;font-weight:bold;text-align:center">Pay Versus Performance Table </div><div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">As required by Item 402(v) of Regulation <div style="white-space:nowrap;display:inline;">S-K,</div> we are providing the following information about the relationship between compensation actually paid (“CAP”), as defined in Item 402(v), and performance. </div><div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:7pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:18%"></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:1%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:5.5pt"> <td rowspan="2" style="vertical-align:bottom"><div style="font-weight:bold;display:inline;">Year</div></td> <td rowspan="2" style="vertical-align:bottom"> </td> <td colspan="2" rowspan="2" style="vertical-align:bottom;text-align:center"><div style="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL;font-weight:bold;text-align:center">Summary<br/> Compensation<br/> Table Total for<br/> First Principal<br/> Executive<br/> Officer</div><div style="margin-top:0pt; margin-bottom:1pt; font-size:5.5pt; font-family:ARIAL;font-weight:bold;text-align:center">(PEO) (1)</div></td> <td rowspan="2" style="vertical-align:bottom"> </td> <td rowspan="2" style="vertical-align:bottom"> </td> <td colspan="2" rowspan="2" style="vertical-align:bottom;text-align:center"><div style="margin-top:0pt; margin-bottom:0pt; font-size:5.5pt; font-family:ARIAL;font-weight:bold;text-align:center">Compensation<br/> Actually Paid<br/> to First</div><div style="margin-top:0pt; margin-bottom:1pt; font-size:5.5pt; font-family:ARIAL;font-weight:bold;text-align:center">PEO (2)(3)</div></td> <td rowspan="2" style="vertical-align:bottom"> </td> <td rowspan="2" style="vertical-align:bottom"> </td> <td colspan="2" rowspan="2" style="vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">Summary<br/> Compensation<br/> Table Total for<br/> Second PEO (1)</div></td> <td rowspan="2" style="vertical-align:bottom"> </td> <td rowspan="2" style="vertical-align:bottom"> </td> <td colspan="2" rowspan="2" style="vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">Compensation<br/> Actually Paid<br/> to Second<br/> PEO (2)</div></td> <td rowspan="2" style="vertical-align:bottom"> </td> <td rowspan="2" style="vertical-align:bottom"> </td> <td colspan="2" rowspan="2" style="vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">Summary<br/> Compensation<br/> Table Total<br/> for Third<br/> (PEO) (1)</div></td> <td rowspan="2" style="vertical-align:bottom"> </td> <td rowspan="2" style="vertical-align:bottom"> </td> <td colspan="2" rowspan="2" style="vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">Compensation<br/> Actually Paid<br/> to Third<br/> PEO (2)</div></td> <td rowspan="2" style="vertical-align:bottom"> </td> <td rowspan="2" style="vertical-align:bottom"> </td> <td colspan="2" rowspan="2" style="vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">Average<br/> Summary<br/> Compensation<br/> Table Total for<br/> <div style="white-space:nowrap;display:inline;">Non-PEO</div><br/> Named<br/> Executive<br/> Officers<br/> (NEOs) (1)</div></td> <td rowspan="2" style="vertical-align:bottom"> </td> <td rowspan="2" style="vertical-align:bottom"> </td> <td colspan="2" rowspan="2" style="vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">Average<br/> Compensation<br/> Actually Paid<br/> to <div style="white-space:nowrap;display:inline;">Non-PEO</div><br/> NEOs (2)</div></td> <td rowspan="2" style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td colspan="6" style="border-bottom:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">Value of Initial Fixed<br/> $100 Investment Based<br/> On:</div></td> <td style="vertical-align:bottom"> </td> <td rowspan="2" style="vertical-align:bottom"> </td> <td colspan="2" rowspan="2" style="vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">Net<br/> Income<br/> (millions)<br/> (4)</div></td> <td rowspan="2" style="vertical-align:bottom"> </td> <td rowspan="2" style="vertical-align:bottom"> </td> <td colspan="2" rowspan="2" style="vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">Adjusted<br/> Net<br/> Income<br/> (millions)<br/> (5)</div></td> <td rowspan="2" style="vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:5.5pt"> <td style="vertical-align:bottom"> </td> <td colspan="2" style="vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">Total<br/> Shareholder<br/> Return</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td colspan="2" style="vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">Peer Group<br/> Total<br/> Shareholder<br/> Return (3)</div></td> <td style="vertical-align:bottom"> </td></tr> <tr style="font-size:1px"> <td colspan="48" style="vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000"> </div></td> <td> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt;background-color:#cceeff"> <td style="vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL">2025</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4,327,042</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2,354,252</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">934,031</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">690,083</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">43</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">116</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">46.9</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">41.7</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"> <td style="vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL">2024</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2,981,107</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,774,334</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4,665,076</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">299,459</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,060,336</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">581,851</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">57</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">119</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">50.4</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">50.5</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt;background-color:#cceeff"> <td style="vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL">2023</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4,123,893</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,047,254</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,166,988</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">486,718</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">82</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">123</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">40.2</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">50.7</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"> <td style="vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL">2022</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4,959,346</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5,118,772</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">4,745,670</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">243,286</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,622,615</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,470,109</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">91</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">112</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">147.2</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">153.5</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt;background-color:#cceeff"> <td style="vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:7pt; font-family:ARIAL">2021</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">—</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5,380,963</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">5,838,352</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,556,535</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,666,269</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">105</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">124</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">137.8</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">143.5</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table><div style="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left">(1)</td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">Luis E. Rojo was the PEO for 2025. For 2024, the first PEO listed is Mr. Rojo, who became President and <div style="display:inline;">Chief </div>Executive Officer on October 29, 2024. The second PEO listed is Scott R. Behrens, who served as President and Chief Executive Officer from April 25, 2022 until October 29, 2024. The third PEO listed is F. Quinn Stepan, Jr., who served as President and Chief Executive Officer until during 2021 and until April 25, 2022. Our other NEOs for the covered years were as follows: </div></td></tr></table> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:17%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:20%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:20%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:20%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:19%"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">2021</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">2022</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">2023</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">2024</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">2025</div></td></tr> <tr style="font-size:1px"> <td colspan="9" style="vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="vertical-align:top;text-align:center"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL;text-align:center">Luis E. Rojo</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Luis E. Rojo</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Luis E. Rojo</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Samuel S. Hinrichsen</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Ruben Velasquez</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="vertical-align:top;text-align:center"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL;text-align:center">Arthur W. Mergner</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Arthur W. Mergner</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Arthur W. Mergner</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Robert J. Haire, Jr.</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Robert J. Haire, Jr.</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="vertical-align:top;text-align:center"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL;text-align:center">Sean T. Moriarty</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">David G. Kabbes</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">David G. Kabbes</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">David G. Kabbes</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Sean T. Moriarty</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="vertical-align:top;text-align:center"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL;text-align:center">Scott R. Behrens</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Sean T. Moriarty</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Sean T. Moriarty</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Sean T. Moriarty</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Richard Stepan</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Robert J Haire, Jr.</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Samuel S. Hinrichsen</td></tr></table> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left">(2)</td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">The following adjustments relating to equity awards were made to total compensation to determine CAP for 2025: </div></td></tr></table> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt;width:100%;border-spacing:0;margin-left:auto"> <tr> <td style="width:38%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-weight:bold;display:inline;">Year</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="2" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">Value of Equity<br/> Awards<br/> Disclosed in the<br/> Summary<br/> Compensation<br/> Table (Stock<br/> Awards and<br/> Option Awards<br/> Columns)</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="2" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:center"><div style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL;font-weight:bold;text-align:center">Year End<br/> Value of<br/> Equity<br/> Awards<br/> Granted<br/> During</div><div style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL;font-weight:bold;text-align:center">the</div><div style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL;font-weight:bold;text-align:center">Covered<br/> Year</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="2" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">Change in Fair<br/> Value of<br/> Outstanding<br/> and Unvested<br/> Equity Awards<br/> as of Covered<br/> <div style="white-space:nowrap;display:inline;">Year-End</div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="2" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:center"><div style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL;font-weight:bold;text-align:center">Fair</div><div style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL;font-weight:bold;text-align:center">Value of<br/> Awards<br/> Granted<br/> and</div><div style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL;font-weight:bold;text-align:center">Vesting<br/> in the<br/> Covered<br/> Year</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="2" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:center"><div style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL;font-weight:bold;text-align:center">Value of<br/> Awards<br/> Granted in<br/> Prior</div><div style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL;font-weight:bold;text-align:center">Years<br/> Vesting<br/> During the<br/> Covered<br/> Year</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="2" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:center"><div style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL;font-weight:bold;text-align:center">Value of<br/> Awards<br/> Granted in<br/> Prior</div><div style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL;font-weight:bold;text-align:center">Years that<br/> Fail to</div><div style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL;font-weight:bold;text-align:center">Meet<br/> Applicable<br/> Vesting<br/> Conditions<br/> During the<br/> Covered<br/> Year</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="2" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">Total Equity<br/> Award<br/> Adjustments</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt;background-color:#cceeff"> <td style="vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">2025 PEO</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">-$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3,079,750</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,620,565</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">-$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">426,352</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> -$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">87,254</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> $</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">-$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,972,791</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">2025 Average <div style="white-space:nowrap;display:inline;">Non-PEO</div> NEO</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">-$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">433,131</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">263,722</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">-$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">49,958</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> -$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">18,740</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">-$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3,264</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">-$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">241,371</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left"> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">The valuation methodologies used to calculate fair values for each measurement date do not materially differ from those used at the time of grant of each respective award. </div></td></tr></table> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left"> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">The following adjustments relating to the Company’s frozen defined benefit and pension plans (as applicable) were made to total compensation for each year to determine CAP: </div></td></tr></table> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt;width:100%;border-spacing:0;margin-left:auto"> <tr> <td style="width:55%"></td> <td style="vertical-align:bottom;width:20%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:20%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-weight:bold;display:inline;">Year</div></td> <td style=" BORDER-BOTTOM:1.00pt solid #000000;vertical-align:bottom">  </td> <td colspan="2" style="padding-bottom:3pt ;BORDER-BOTTOM:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">Reported Values Deducted</div></td> <td style=" BORDER-BOTTOM:1.00pt solid #000000;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:1.00pt solid #000000;vertical-align:bottom">  </td> <td colspan="2" style="padding-bottom:3pt ;BORDER-BOTTOM:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">Calculated Values Added</div></td> <td style=" BORDER-BOTTOM:1.00pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt;background-color:#cceeff"> <td style="vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">2025 PEO</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> $</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">2025 Average Non-PEO NEO</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom">-$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2,577</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left">(3)</td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">Represents the cumulative total shareholder return (“TSR”) for the Dow Jones U.S. Ch<div style="display:inline;">emic</div>als Index. </div></td></tr></table> <div style="font-size:6pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left">(4)</td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">The dollar amounts reported represent the amount of net income reflected in the Company’s audited financial <div style="display:inline;">statements </div>for the applicable year (GAAP net income). </div></td></tr></table> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:center"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left">(5)</td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">Adjusted net income represents the most important financial performance measure used by the Company to link CAP for 2025 to Company performance given that it is the core measure from which Corporate Net Income is derived for purposes of the annual incentive awards and performance shares.<div style="font-size:75%; vertical-align:top;display:inline;font-size:8.3px">5</div> </div></td></tr></table> 4327042 2354252 0 0 0 0 934031 690083 43 116 46900000 41700000 2981107 1774334 4665076 299459 0 0 1060336 581851 57 119 50400000 50500000 0 0 4123893 1047254 0 0 1166988 486718 82 123 40200000 50700000 0 0 4959346 5118772 4745670 243286 1622615 1470109 91 112 147200000 153500000 0 0 0 0 5380963 5838352 1556535 1666269 105 124 137800000 143500000 <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left">(1)</td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">Luis E. Rojo was the PEO for 2025. For 2024, the first PEO listed is Mr. Rojo, who became President and <div style="display:inline;">Chief </div>Executive Officer on October 29, 2024. The second PEO listed is Scott R. Behrens, who served as President and Chief Executive Officer from April 25, 2022 until October 29, 2024. The third PEO listed is F. Quinn Stepan, Jr., who served as President and Chief Executive Officer until during 2021 and until April 25, 2022. Our other NEOs for the covered years were as follows: </div></td></tr></table> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt;width:100%;border-spacing:0;margin:0 auto"> <tr> <td style="width:17%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:20%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:20%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:20%"></td> <td style="vertical-align:bottom;width:1%"></td> <td style="width:19%"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:8pt"> <td style="vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">2021</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">2022</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">2023</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">2024</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">2025</div></td></tr> <tr style="font-size:1px"> <td colspan="9" style="vertical-align:bottom"><div style=" margin-top:0pt ; margin-bottom:0pt; border-top:1.00px solid #000000"> </div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="vertical-align:top;text-align:center"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL;text-align:center">Luis E. Rojo</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Luis E. Rojo</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Luis E. Rojo</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Samuel S. Hinrichsen</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Ruben Velasquez</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="vertical-align:top;text-align:center"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL;text-align:center">Arthur W. Mergner</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Arthur W. Mergner</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Arthur W. Mergner</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Robert J. Haire, Jr.</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Robert J. Haire, Jr.</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="vertical-align:top;text-align:center"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL;text-align:center">Sean T. Moriarty</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">David G. Kabbes</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">David G. Kabbes</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">David G. Kabbes</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Sean T. Moriarty</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="vertical-align:top;text-align:center"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL;text-align:center">Scott R. Behrens</div></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Sean T. Moriarty</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Sean T. Moriarty</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Sean T. Moriarty</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Richard Stepan</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="vertical-align:top"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Robert J Haire, Jr.</td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom"></td> <td style="vertical-align:bottom"> </td> <td style="vertical-align:bottom;white-space:nowrap;text-align:center">Samuel S. Hinrichsen</td></tr></table> Mr. Rojo Scott R. Behrens F. Quinn Stepan, Jr. <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left">(2)</td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">The following adjustments relating to equity awards were made to total compensation to determine CAP for 2025: </div></td></tr></table> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt;width:100%;border-spacing:0;margin-left:auto"> <tr> <td style="width:38%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-weight:bold;display:inline;">Year</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="2" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">Value of Equity<br/> Awards<br/> Disclosed in the<br/> Summary<br/> Compensation<br/> Table (Stock<br/> Awards and<br/> Option Awards<br/> Columns)</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="2" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:center"><div style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL;font-weight:bold;text-align:center">Year End<br/> Value of<br/> Equity<br/> Awards<br/> Granted<br/> During</div><div style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL;font-weight:bold;text-align:center">the</div><div style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL;font-weight:bold;text-align:center">Covered<br/> Year</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="2" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">Change in Fair<br/> Value of<br/> Outstanding<br/> and Unvested<br/> Equity Awards<br/> as of Covered<br/> <div style="white-space:nowrap;display:inline;">Year-End</div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="2" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:center"><div style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL;font-weight:bold;text-align:center">Fair</div><div style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL;font-weight:bold;text-align:center">Value of<br/> Awards<br/> Granted<br/> and</div><div style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL;font-weight:bold;text-align:center">Vesting<br/> in the<br/> Covered<br/> Year</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="2" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:center"><div style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL;font-weight:bold;text-align:center">Value of<br/> Awards<br/> Granted in<br/> Prior</div><div style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL;font-weight:bold;text-align:center">Years<br/> Vesting<br/> During the<br/> Covered<br/> Year</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="2" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:center"><div style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL;font-weight:bold;text-align:center">Value of<br/> Awards<br/> Granted in<br/> Prior</div><div style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL;font-weight:bold;text-align:center">Years that<br/> Fail to</div><div style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL;font-weight:bold;text-align:center">Meet<br/> Applicable<br/> Vesting<br/> Conditions<br/> During the<br/> Covered<br/> Year</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="2" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">Total Equity<br/> Award<br/> Adjustments</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt;background-color:#cceeff"> <td style="vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">2025 PEO</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">-$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3,079,750</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,620,565</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">-$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">426,352</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> -$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">87,254</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> $</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">-$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,972,791</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">2025 Average <div style="white-space:nowrap;display:inline;">Non-PEO</div> NEO</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">-$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">433,131</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">263,722</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">-$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">49,958</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> -$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">18,740</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">-$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3,264</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">-$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">241,371</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left"> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">The valuation methodologies used to calculate fair values for each measurement date do not materially differ from those used at the time of grant of each respective award. </div></td></tr></table> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left"> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">The following adjustments relating to the Company’s frozen defined benefit and pension plans (as applicable) were made to total compensation for each year to determine CAP: </div></td></tr></table> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt;width:100%;border-spacing:0;margin-left:auto"> <tr> <td style="width:55%"></td> <td style="vertical-align:bottom;width:20%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:20%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-weight:bold;display:inline;">Year</div></td> <td style=" BORDER-BOTTOM:1.00pt solid #000000;vertical-align:bottom">  </td> <td colspan="2" style="padding-bottom:3pt ;BORDER-BOTTOM:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">Reported Values Deducted</div></td> <td style=" BORDER-BOTTOM:1.00pt solid #000000;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:1.00pt solid #000000;vertical-align:bottom">  </td> <td colspan="2" style="padding-bottom:3pt ;BORDER-BOTTOM:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">Calculated Values Added</div></td> <td style=" BORDER-BOTTOM:1.00pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt;background-color:#cceeff"> <td style="vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">2025 PEO</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> $</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">2025 Average Non-PEO NEO</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom">-$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2,577</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left">(2)</td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">The following adjustments relating to equity awards were made to total compensation to determine CAP for 2025: </div></td></tr></table> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt;width:100%;border-spacing:0;margin-left:auto"> <tr> <td style="width:38%"></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:2%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7pt"> <td style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"><div style="font-weight:bold;display:inline;">Year</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="2" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">Value of Equity<br/> Awards<br/> Disclosed in the<br/> Summary<br/> Compensation<br/> Table (Stock<br/> Awards and<br/> Option Awards<br/> Columns)</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="2" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:center"><div style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL;font-weight:bold;text-align:center">Year End<br/> Value of<br/> Equity<br/> Awards<br/> Granted<br/> During</div><div style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL;font-weight:bold;text-align:center">the</div><div style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL;font-weight:bold;text-align:center">Covered<br/> Year</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="2" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">Change in Fair<br/> Value of<br/> Outstanding<br/> and Unvested<br/> Equity Awards<br/> as of Covered<br/> <div style="white-space:nowrap;display:inline;">Year-End</div></div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="2" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:center"><div style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL;font-weight:bold;text-align:center">Fair</div><div style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL;font-weight:bold;text-align:center">Value of<br/> Awards<br/> Granted<br/> and</div><div style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL;font-weight:bold;text-align:center">Vesting<br/> in the<br/> Covered<br/> Year</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="2" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:center"><div style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL;font-weight:bold;text-align:center">Value of<br/> Awards<br/> Granted in<br/> Prior</div><div style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL;font-weight:bold;text-align:center">Years<br/> Vesting<br/> During the<br/> Covered<br/> Year</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="2" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:center"><div style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL;font-weight:bold;text-align:center">Value of<br/> Awards<br/> Granted in<br/> Prior</div><div style="margin-top:0pt; margin-bottom:0pt; font-size:7pt; font-family:ARIAL;font-weight:bold;text-align:center">Years that<br/> Fail to</div><div style="margin-top:0pt; margin-bottom:1pt; font-size:7pt; font-family:ARIAL;font-weight:bold;text-align:center">Meet<br/> Applicable<br/> Vesting<br/> Conditions<br/> During the<br/> Covered<br/> Year</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td> <td colspan="2" style="BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">Total Equity<br/> Award<br/> Adjustments</div></td> <td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt;background-color:#cceeff"> <td style="vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">2025 PEO</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">-$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3,079,750</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,620,565</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">-$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">426,352</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> -$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">87,254</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> $</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">-$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">1,972,791</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">2025 Average <div style="white-space:nowrap;display:inline;">Non-PEO</div> NEO</div></td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">-$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">433,131</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">263,722</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">-$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">49,958</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom"> -$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">18,740</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">-$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">3,264</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom"> </td> <td style="white-space:nowrap;vertical-align:bottom">-$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">241,371</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table></div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left"> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">The valuation methodologies used to calculate fair values for each measurement date do not materially differ from those used at the time of grant of each respective award. </div></td></tr></table> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;border-spacing:0;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;vertical-align:top;text-align:left"> </td> <td style="vertical-align:top;text-align:left"><div style=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">The following adjustments relating to the Company’s frozen defined benefit and pension plans (as applicable) were made to total compensation for each year to determine CAP: </div></td></tr></table> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:9pt;width:100%;border-spacing:0;margin-left:auto"> <tr> <td style="width:55%"></td> <td style="vertical-align:bottom;width:20%"></td> <td></td> <td></td> <td></td> <td style="vertical-align:bottom;width:20%"></td> <td></td> <td></td> <td></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:7.5pt"> <td style="padding-bottom:3pt ;BORDER-BOTTOM:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap"><div style="font-weight:bold;display:inline;">Year</div></td> <td style=" BORDER-BOTTOM:1.00pt solid #000000;vertical-align:bottom">  </td> <td colspan="2" style="padding-bottom:3pt ;BORDER-BOTTOM:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">Reported Values Deducted</div></td> <td style=" BORDER-BOTTOM:1.00pt solid #000000;vertical-align:bottom"> </td> <td style=" BORDER-BOTTOM:1.00pt solid #000000;vertical-align:bottom">  </td> <td colspan="2" style="padding-bottom:3pt ;BORDER-BOTTOM:1.00pt solid #000000;vertical-align:bottom;text-align:center"><div style="font-weight:bold;display:inline;">Calculated Values Added</div></td> <td style=" BORDER-BOTTOM:1.00pt solid #000000;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt;background-color:#cceeff"> <td style="vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">2025 PEO</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom"> $</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:9pt"> <td style="vertical-align:top"><div style=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:9pt; font-family:ARIAL">2025 Average Non-PEO NEO</div></td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom">-$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">2,577</td> <td style="white-space:nowrap;vertical-align:bottom"> </td> <td style="vertical-align:bottom">  </td> <td style="white-space:nowrap;vertical-align:bottom">$</td> <td style="white-space:nowrap;vertical-align:bottom;text-align:right">0</td> <td style="white-space:nowrap;vertical-align:bottom"> </td></tr></table> -3079750 1620565 -426352 0 -87254 0 -1972791 -433131 263722 -49958 0 -18740 -3264 -241371 0 0 -2577 0 Represents the cumulative total shareholder return (“TSR”) for the Dow Jones U.S. Ch<div style="display:inline;">emic</div>als Index. <img alt="LOGO" src="g908270g52g01.jpg" style="width:6.30556in;height:2.38776in"/> <img alt="LOGO" src="g908270g52g01.jpg" style="width:6.30556in;height:2.38776in"/> <img alt="LOGO" src="g908270g52g02.jpg" style="width:6.30556in;height:2.54377in"/> <img alt="LOGO" src="g908270g52g02.jpg" style="width:6.30556in;height:2.54377in"/> Adjusted net income is a financial measure that has not been calculated pursuant to U.S. GAAP. See Appendix A for further discussion and a reconciliation of this <div style="white-space:nowrap;display:inline;">non-GAAP</div> financial measure to net income, the most directly comparable GAAP measure. Adjusted net income <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;font-weight:bold">Tabular List of Financial Performance Measures </div> <div style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:ARIAL;text-align:justify">The most important financial performance measures used by the Company to link executive CAP to the Company’s PEOs and NEOs, for the most recently completed fiscal year, to the Company’s performance are as follows: </div> <div style="font-size:12pt;margin-top:0pt;margin-bottom:0pt"> </div> <table cellpadding="0" cellspacing="0" style="text-align:start; BORDER-COLLAPSE:COLLAPSE; font-family:ARIAL; font-size:10pt;width:68%;border-spacing:0;margin:0 auto"> <tr> <td style="width:100%"></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top;text-align:center"><div style="font-weight:bold;display:inline;"><div style="text-decoration:underline;display:inline;">Financial Performance Measures</div></div></td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top;text-align:center">Adjusted net income</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top;text-align:center">Return on invested capital</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top;text-align:center">Profitability of strategic growth areas</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top;text-align:center">Business unit operating income</td></tr> <tr style="page-break-inside:avoid ; font-family:ARIAL; font-size:10pt"> <td style="vertical-align:top;text-align:center">Adjusted EBITDA</td></tr></table> Adjusted net income Return on invested capital Profitability of strategic growth areas Business unit operating income Adjusted EBITDA