Harrison Gilbert 4

What Happened
Harrison Gilbert, a director of Inter Parfums (IPAR), exercised options on January 22, 2026 to acquire 1,500 shares at an exercise price of $62.18 per share, for a total cash cost of $93,270. The filing also shows four related dispositions of 375 shares each (total 1,500 shares) with $0 proceeds, which is consistent with shares being withheld or surrendered in connection with the option exercise.

Key Details

• Transaction date: 2026-01-22; Form filed: 2026-01-23 (appears timely).
• Exercise: 1,500 shares acquired @ $62.18 = $93,270 (transaction code M).
• Dispositions: 4 entries of 375 shares each disposed @ $0.00 (total 1,500 shares) — reported as derivative dispositions.
• Shares owned after transaction: Not specified in the provided filing.
• No explicit 10b5-1 plan or tax-withholding code shown in the provided data; the $0 dispositions are commonly used to reflect share withholding/surrender.

Context
This was an option exercise (derivative transaction). When option holders exercise, they may either pay cash for shares, sell shares immediately in a cashless exercise, or surrender/withhold shares to cover exercise costs or taxes; the filing’s $0 disposals suggest withholding/surrender rather than an open-market sale. As a director (not a 10% owner), these transactions are routine reporting of equity compensation—useful information but not a direct statement of market sentiment.