Stepan adopts Key Executive Severance Benefit Plan for CEO and NEOs

STEPAN CO

Plan effective Nov 26, 2025; covers named executive officers with automatic participation.
Tier 1 (CEO Rojo): cash severance of 18 months (non-CIC) or 36 months (CIC) of base salary plus target bonus.
Tier 2 (other NEOs): cash severance of 12 months (non-CIC) or 24 months (CIC) of base salary plus target bonus.
Health insurance premium subsidy for up to the severance period; lump-sum cash severance paid 60 days post-separation.
Plan replaces prior individual severance agreements for participants; requires signed release and restrictive covenants.

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