Stepan CEO Scott Behrens separation: $2.82M severance, equity acceleration, 18-month non-compete

STEPAN CO

Cash severance of $2,820,000 paid in equal installments over 18 months.
Unvested equity awards vest pro-rata; performance awards paid if conditions met.
COBRA subsidy for 18 months and 9 months of executive outplacement provided.
Behrens agreed to 18-month non-competition, non-solicitation, and indefinite confidentiality.
Employment ended Nov 1, 2024; separation agreement effective Dec 15, 2024.

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