Company: IPAR
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0001753926-25-000424
Chunk: 83

Company: INTERPARFUMS INC
Filing Date: 2025-03-11
Form: 10-K
Item: Item 10
Chunk 83
---

-0-

49,969

-0-

-0-

69,220

145,189

Robert Bensoussan

26,000

-0-

49,969

-0-

-0-

68,775

144,744

Veronique Gabai-Pinsky

26,000

-0-

49,969

-0-

-0-

85,065

161,034

Gilbert Harrison

15,000

-0-

49,969

-0-

-0-

68,048

127,017

Kappauf

18,000

-0-

49,969

-0-

-0-

-0-

67,969

[Footnotes from table above]

1.
Represents gain from exercise of stock options.

All nonemployee directors receive $6,000 for each board meeting at which they participate in person, and $3,000 for each meeting held by conference telephone. In addition, the annual fee for each member of the Audit Committee is $8,000. 

We maintain a stock option plan for our nonemployee or independent directors. The purpose of this plan is to assist us in attracting and retaining key directors who are responsible for continuing the growth and success of our company. Under such plan, options to purchase 1,500 shares are granted on the last business day of each year at the fair market value on the date of grant to all nonemployee directors for as long as each is a nonemployee director on such date. Such options vest and become exercisable to purchase shares of Common Stock as follows: 20% one year after the date of grant, and then 20% on each of the second, third, fourth and fifth consecutive years from the date of grant on a cumulative basis, so that each option shall become fully vested and exercisable on the first day of the sixth year from the date of grant. However, if a nonemployee director does not attend certain of the board meetings, then such option grants are reduced according to a schedule.

68

 Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

The following table sets forth information with respect to the beneficial ownership of our common stock by (a) each person we know to be the beneficial owner of more than 5% of our outstanding common stock, (b) our executive officers and directors and (c) all of our directors and officers as a group. Messrs. Madar and Benacin own 99.99