Form 4: Inter Parfums Inc. Director Philippe Benacin Sells Shares

Philippe Benacin, a director, 10% owner, and President of Interparfums SA, sold 25,000 shares of Inter Parfums Inc. common stock at a price of $141.7667 on March 4, 2024.

Summary

• On March 4, 2024, Philippe Benacin, a director, 10% owner, and President of Interparfums SA, sold 25,000 shares of Inter Parfums Inc. common stock.
• The shares were sold at a price of $141.7667 per share.
• Following the transaction, Benacin indirectly owns 6,846,064 shares through a personal holding company.
• Benacin also indirectly owns options to buy Inter Parfums Inc. common stock through a personal holding company.
• These options have various exercise prices ($65.25 and $73.09) and expiration dates (December 30, 2024, and December 30, 2025).
• The filing also includes information about Philippe Benacin Holding SAS, which is also a reporting person due to its relationship to the issuer.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a stock sale by an insider. It doesn't inherently indicate positive or negative sentiment about the company's future.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings to gain insights into management's perspective on the company's stock and future prospects.

Stakeholder Impact

• The sale of shares by a significant shareholder could potentially create short-term selling pressure on the stock.

Key Dates