4/A: Interparfums Director Amends Address on Ownership Filing
Amendment to Insider Ownership Report
An amended SEC Form 4 filing by Interparfums Inc. director Robert Bensoussan Torres corrects his residential address while reaffirming his beneficial ownership of common stock and stock options.
Summary
- This is an amended Form 4 filing (Form 4/A) for Robert Bensoussan Torres, a Director and 10% Owner of Interparfums Inc. (IPAR).
- The amendment's sole purpose is to correct the reporting person's address from Flat 10, 42 Upper Brook Street, London W1K 7QP to Victor Palace, 31 Avenue de Grande, Bretagne, 98000, Monaco.
- The filing confirms direct beneficial ownership of 11,000 shares of Common Stock.
- It also details beneficial ownership of various stock options, totaling 7,500 shares, with exercise prices ranging from $62.18 to $147.71 and expiration dates extending to December 30, 2031.
Sentiment
Score: 5
Explanation: Neutral. The filing is an administrative correction of an address and does not contain information that would significantly alter the sentiment towards the company. It merely updates public records regarding a director's holdings.
Positives
- The filing clarifies the reporting person's information, ensuring accuracy in public records.
- The director maintains a significant beneficial ownership in the company, including 11,000 shares of common stock and 7,500 shares underlying options, indicating continued alignment with shareholder interests.
Future Outlook
This filing is an administrative amendment and does not contain forward-looking statements or guidance regarding the company's future performance.
Industry Context
This filing is an individual insider ownership report and does not provide broader industry context or trends. It reflects an individual director's holdings within the personal care/fragrance industry.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Address Correction | The reporting person's address was corrected from Flat 10, 42 Upper Brook Street, London W1K 7QP to Victor Palace, 31 Avenue de Grande, Bretagne, 98000, Monaco. | 01/07/2026 | This is an administrative correction with no material impact on corporate governance or operations, ensuring accurate public records for the director. |
Stakeholder Impact
- Shareholders: Provides updated, accurate information regarding a significant director's beneficial ownership, reinforcing transparency.
Key Dates
| Date | Description |
|---|---|
| 02/01/2022 | Earliest exercisable date for a tranche of options with an exercise price of $62.18. |
| 02/01/2023 | Earliest exercisable date for a tranche of options with an exercise price of $62.18. |
| 12/31/2023 | Earliest exercisable date for a tranche of options with an exercise price of $97.84. |
| 02/01/2024 | Earliest exercisable date for a tranche of options with an exercise price of $62.18. |
| 12/29/2024 | Earliest exercisable date for a tranche of options with an exercise price of $147.71. |
| 12/31/2024 | Earliest exercisable date for a tranche of options with an exercise price of $97.84. |
| 02/01/2025 | Earliest exercisable date for a tranche of options with an exercise price of $62.18. |
| 12/29/2025 | Earliest exercisable date for a tranche of options with an exercise price of $147.71. |
| 12/31/2025 | Earliest transaction date for the original filing, and earliest exercisable date for options with exercise prices of $97.84 and $130.60. |
| 01/05/2026 | Date of original Form 4 filing. |
| 01/07/2026 | Signature date of the amended Form 4/A filing. |
| 01/31/2026 | Expiration date for options with an exercise price of $62.18. |
| 12/29/2026 | Earliest exercisable date for a tranche of options with an exercise price of $147.71. |
| 12/31/2026 | Earliest exercisable date for options with exercise prices of $97.84, $130.60, and $84.64. |
| 12/29/2027 | Earliest exercisable date for a tranche of options with an exercise price of $147.71. |
| 12/31/2027 | Earliest exercisable date for options with exercise prices of $97.84, $130.60, and $84.64. |
| 12/28/2028 | Expiration date for options with an exercise price of $147.71. |
| 12/29/2028 | Earliest exercisable date for a tranche of options with an exercise price of $147.71. |
| 12/30/2028 | Expiration date for options with an exercise price of $97.84. |
| 12/31/2028 | Earliest exercisable date for options with exercise prices of $130.60 and $84.64. |
| 12/28/2029 | Expiration date for options with an exercise price of $147.71. |
| 12/31/2029 | Earliest exercisable date for options with exercise prices of $130.60 and $84.64. |
| 12/30/2030 | Expiration date for options with exercise prices of $97.84 and $130.60. |
| 12/31/2030 | Earliest exercisable date for a tranche of options with an exercise price of $84.64. |
| 12/30/2031 | Expiration date for options with an exercise price of $84.64. |
Recommendation
holdThis filing is purely administrative, correcting a director's address. It provides no new information regarding the company's financial performance, strategic direction, or operational health that would warrant a change in investment recommendation. The continued significant beneficial ownership by a director is a neutral to slightly positive signal of alignment but does not provide a basis for a 'buy' or 'sell' decision. Therefore, a 'hold' recommendation is appropriate as the filing does not alter the fundamental investment thesis.
Keywords
Interparfums Inc., IPAR, SEC Form 4/A, Beneficial Ownership, Stock Options, Director Holdings, Insider Trading, Corporate Governance
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