Company: IPAR
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001753926-25-000424
Chunk: 181

Company: INTERPARFUMS INC
Filing Date: 2025-03-11
Form: 10-K
Item: Item 11
Chunk 181
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)

Value Realized onExercise($)1

Numberof SharesAcquired onVesting(#)

ValueRealized OnVesting($)

Jean Madar

25,000

1,596,750

-0-

-0-

Michel Atwood

-0-

-0-

-0-

-0-

Philippe Benacin

25,000

1,665,250

-0-

-0-

Philippe Santi

4,000

267,171

-0-

-0-

Frédéric Garcia-Pelayo

4,000

255,115

-0-

-0-

[Footnotes from table above]

1
Total value realized on exercise of options in dollars is based upon the difference between the fair market value of the common stock on the date of exercise, and the exercise price of the option.

Regarding Interparfums SA, our majority-owned French subsidiary which has its shares traded on the Euronext, no options were exercised during the past fiscal year, and there was no vesting of stock, including restricted stock, restricted stock units and similar instruments during the past fiscal year, for the executive officers of our Company listed in the Summary Compensation Table. 

Pension Benefits

The following table sets forth certain information relating to payment of benefits in connection with retirement plans during the past fiscal year, for the executive officers of our Company listed in the Summary Compensation Table. 

PENSION BENEFITS

Name
 
Plan Name
 
Numberof YearsCreditedService (#)
 
PresentValue ofAccumulatedBenefit* ($)

PaymentsDuringLast FiscalYear ($)

Jean Madar
 
NA
 
NA

-0-

-0-

Michel Atwood
 
NA
 
NA

-0-

-0-

Philippe Benacin
 
Interparfums SA Pension Plan
 
NA

396,655

19,072

Philippe Santi
 
Interparfums SA Pension Plan
 
NA

396,504

18,920

Frédéric Garcia-Pelayo
 
Interparfums SA Pension Plan
 
NA

396,552

18,969

*
Does not include any contributions made by prior employers, or individually by the recipients as such information is confidential under French law.

66

Interparfums SA maintains a pension plan for all of its employees, including all executive officers. The calculation of commitments for severance benefits involves estimating the probable present value of projected benefit obligations. This projected benefit obligations are