Statement of Changes in Beneficial Ownership (4)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* Rojo Luis	2. Issuer Name and Ticker or Trading Symbol STEPAN CO [ SCL ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) VP & Chief Financial Officer
(Last) (First) (Middle) 1101 SKOKIE BOULEVARD, SUITE 500	3. Date of Earliest Transaction (MM/DD/YYYY) 11/5/2021
(Street) NORTHBROOK, IL 60062 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/5/2021		M⁽¹⁾		2000	A	$70.86	4210	D
Common Stock	11/5/2021		D⁽²⁾		1135	D	$124.95	3075	D
Common Stock	11/5/2021		F⁽³⁾		254	D	$124.95	2821	D
Common Stock	11/5/2021		M⁽¹⁾		1000	A	$70.86	3821	D
Common Stock	11/5/2021		D⁽²⁾		552	D	$128.35	3269	D
Common Stock	11/5/2021		F⁽³⁾		132	D	$128.35	3137	D
Common Stock	11/5/2021		S		800	D	$125.015 ⁽⁴⁾	2337	D
Common Stock	11/5/2021		S		300	D	$125.88 ⁽⁵⁾	2037	D
Common Stock	11/8/2021		M⁽¹⁾		1000	A	$70.86	3037	D
Common Stock	11/8/2021		D⁽²⁾		553	D	$128.22	2484	D
Common Stock	11/8/2021		F⁽³⁾		131	D	$128.22	2353	D
Common Stock	11/8/2021		S		900	D	$128.147	1453	D
Common Stock								232.587 ⁽⁶⁾	I	By Esop II Trust

*Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)*
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Appreciation Right	$70.86	11/5/2021		M			2000	5/2/2019 ⁽⁷⁾	5/1/2028	Common Stock	2000	$0	7221	D
Stock Appreciation Right	$70.86	11/5/2021		M			1000	5/2/2019 ⁽⁷⁾	5/1/2028	Common Stock	1000	$0	6221	D
Stock Appreciation Right	$70.86	11/8/2021		M			1000	5/2/2019 ⁽⁷⁾	5/1/2028	Common Stock	1000	$0	5221	D
Share Units	⁽⁸⁾							⁽⁹⁾	⁽⁹⁾	Common Stock	2223.907		2223.907 ⁽⁶⁾	D

Explanation of Responses:
(1)	The Stock Appreciation Rights ("SARS") were settled in shared of common stock as per the terms of the award.
(2)	Deemed disposition of underlying common stock to the issuer in an amount equal to the conversion price of the SARs.
(3)	Withholding of shares to satisfy tax liability on exercise of SARs.
(4)	The price reported is a weighted average price. Shares were sold in a series of transactions within the same trading day at prices ranging from $124.738 to $125.51, inclusive. Full information regarding the number of shares sold at each separate price is available upon request by the Commission staff, the issuer, or a security holder of the issuer.
(5)	The price reported is a weighted average price. Shares were sold in a series of transactions within the same trading day at prices ranging from $125.78 to $126.01, inclusive. Full information regarding the number of shares sold at each separate price is available upon request by the Commission staff, the issuer, or a security holder of the issuer.
(6)	Includes exempt acquisitions under Rule 16a-11 pursuant to dividend reinvestments since the date of the reporting person's last report.
(7)	Vests ratably over three years beginning on the date shown.
(8)	Share units convert on a one-for-one basis into Common Stock.
(9)	Share units are acquired under the Management Incentive Plan (As Amended and Restated Effective January 1, 2015) ("MIP"), a nonqualified deferred compensation plan which allows MIP participants to elect to defer all or a portion of their deferred compensation into accounts pursuant to MIP provisions.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Rojo Luis 1101 SKOKIE BOULEVARD, SUITE 500 NORTHBROOK, IL 60062			VP & Chief Financial Officer