Form 4: Inter Parfums Director Gilbert Harrison Sells Shares
SEC Form 4 Filing
Director Gilbert Harrison sold 250 shares of Inter Parfums Inc. on March 1, 2024, while retaining significant holdings in options.
Summary
- On March 1, 2024, Gilbert Harrison, a director of Inter Parfums Inc. (IPAR), sold 250 shares of common stock at a price of $146.6905 per share.
- Following the transaction, Harrison directly owns 750 shares of Inter Parfums Inc.
- Harrison also holds various options to buy Inter Parfums common stock at exercise prices ranging from $62.18 to $147.71, with expiration dates in 2025, 2026, and 2028 and 2029.
- These options represent the right to purchase a total of 5,475 shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's prospects.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, potentially creating a slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 02/01/2021 | Date exercisable for some option-rights to buy common stock at $69.11, expiring 01/31/2025 |
| 02/01/2022 | Date exercisable for some option-rights to buy common stock at $69.11, expiring 01/31/2025 and at $62.18, expiring 01/31/2026 |
| 02/01/2023 | Date exercisable for some option-rights to buy common stock at $69.11, expiring 01/31/2025 and at $62.18, expiring 01/31/2026 |
| 12/31/2023 | Date exercisable for some option-rights to buy common stock at $97.84, expiring 12/30/2028 |
| 02/01/2024 | Date exercisable for some option-rights to buy common stock at $69.11, expiring 01/31/2025 and at $62.18, expiring 01/31/2026 |
| 12/29/2024 | Date exercisable for some option-rights to buy common stock at $147.71, expiring 12/28/2029 |
| 12/31/2024 | Date exercisable for some option-rights to buy common stock at $97.84, expiring 12/30/2028 |
| 02/01/2025 | Date exercisable for some option-rights to buy common stock at $62.18, expiring 01/31/2026 |
| 12/29/2025 | Date exercisable for some option-rights to buy common stock at $147.71, expiring 12/28/2029 |
| 12/31/2025 | Date exercisable for some option-rights to buy common stock at $97.84, expiring 12/30/2028 |
| 12/29/2026 | Date exercisable for some option-rights to buy common stock at $147.71, expiring 12/28/2029 |
| 12/31/2026 | Date exercisable for some option-rights to buy common stock at $97.84, expiring 12/30/2028 |
| 12/29/2027 | Date exercisable for some option-rights to buy common stock at $147.71, expiring 12/28/2029 |
| 12/31/2027 | Date exercisable for some option-rights to buy common stock at $97.84, expiring 12/30/2028 |
| 12/29/2028 | Date exercisable for some option-rights to buy common stock at $147.71, expiring 12/28/2029 |
| 03/01/2024 | Date of transaction: Gilbert Harrison sold 250 shares of common stock at $146.6905 per share. |
| 03/05/2024 | Date of signature for the Form 4 filing. |
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