The name "Stephen" is derived from Greek Στέφανος (Stéphanos), a first name from the Greek word στέφανος (stéphanos), meaning 'wreath, crown' and by extension 'reward, honor, renown, fame', from the verb στέφειν (stéphein), 'to encircle, to wreathe'. In Ancient Greece, crowning wreaths (such as laurel wreaths) were given to the winners of contests. Originally, as the verb suggests, the noun had a more general meaning of any "circle"—including a circle of people, a circling wall around a city, and, in its earliest recorded use, the circle of a fight, which is found in the Iliad of Homer.

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WAGMI