Cover
Cover | 12 Months Ended |
Dec. 31, 2023 | |
Cover [Abstract] | |
Document Type | PRE 14A |
Entity Registrant Name | Inter Parfums, Inc. |
Entity Central Index Key | 0000822663 |
Amendment Flag | false |
Pay vs Performance Disclosure
Pay vs Performance Disclosure - USD ($) | 12 Months Ended | ||||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||
Pay vs Performance Disclosure [Table] | |||||
Pay vs Performance Disclosure, Table | Pay Versus Performance Disclosure I n accordance with rules adopted by the Securities and Exchange Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive compensation for our principal executive officer (“PEO”) and Non-PEO NEOs and Company performance for the fiscal years listed below. Year Summary Compensation Table Total for Jean Madar 1 ($) Compensation Actually Paid to Jean Madar 1,2,3 ($) Average Summary Compensation Table Total for Non-PEO NEOs 1 ($) Average Compensation Actually Paid to Non-PEO NEOs 1,2,3 ($) Value of Initial Fixed $100 Investment based on: 4 Net Income ($ Millions) TSR ($) Peer Group TSR ($) 2023 2,000,000 2,775,201 964,922 1,502,589 210.93 120.32 188 2022 1,369,077 945,026 890,907 696,314 138.82 128.45 151 2021 1,230,000 3,199,857 904,237 2,316,873 149.91 145.11 110 2020 1,387,603 1,246,062 1,035,765 876,113 83.75 116.11 50 1. Jean Madar was our PEO for each year presented. The individuals comprising the Non-PEO NEOs for each year presented are listed below. 2. The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below. The Company did not use any financial performance measures, as defined in the Section 402(v) rules, to link the Compensation Actually Paid for our PEO or Non-PEO NEOs for any fiscal year shown in the table to our performance, other than stock price. 3. Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Option Awards column are the totals from the Option Awards columns set forth in the Summary Compensation Table. 4. The Peer Group TSR set forth in this table utilizes a custom group of industry peers, weighted according to the respective peer companies’ stock market capitalization on December 31, 2019, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2023. The Company changed its peer group in 2023 in order to reflect the current competitive landscape in our industry more accurately. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and the peer group, respectively. Historical stock performance is not necessarily indicative of future stock performance. The following table shows the peer group constituents. 1. Jean Madar 2020 2021 2022 2023 Russell Greenberg Russell Greenberg Russell Greenberg Michel Atwood Philippe Benacin Philippe Benacin Michel Atwood Philippe Benacin Philippe Santi Philippe Santi Philippe Benacin Philippe Santi Frédéric Garcia-Pelayo Frédéric Garcia-Pelayo Philippe Santi Frédéric Garcia-Pelayo Frédéric Garcia-Pelayo 2. The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below. The Company did not use any financial performance measures, as defined in the Section 402(v) rules, to link the Compensation Actually Paid for our PEO or Non-PEO NEOs for any fiscal year shown in the table to our performance, other than stock price. 3. Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Option Awards column are the totals from the Option Awards columns set forth in the Summary Compensation Table. Year Summary Compensation Table Total for Jean Madar ($) Exclusion of Stock and Option Awards for Jean Madar ($) Inclusion of Equity Values for Jean Madar ($) Compensation Actually Paid to Jean Madar ($) 2023 2,000,000 — 775,201 2,775,201 Year Average Summary Compensation Table Total for Non-PEO NEOs ($) Average Exclusion of Change in Pension Value for Non-PEO NEOs ($) Average Exclusion of Option Awards for Non-PEO NEOs ($) Average Inclusion of Pension Service Cost for Non-PEO NEOs ($) Average Inclusion of Equity Values for Non-PEO NEOs ($) Average Compensation Actually Paid to Non-PEO NEOs ($) 2023 964,922 (13,200) (35,082) 24,059 561,890 1,502,589 The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables: Year Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Jean Madar ($) Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Jean Madar ($) Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Jean Madar ($) Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Jean Madar ($) Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Jean Madar ($) Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Included for Jean Madar ($) Total - Inclusion of Equity Values for Jean Madar ($) 2023 — 369,430 — 405,771 — — 775,201 Year Average Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-PEO NEOs ($) Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non-PEO NEOs ($) Average Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Non-PEO NEOs ($) Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs ($) Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Non-PEO NEOs ($) Average Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Included for Non-PEO NEOs ($) Total - Average Inclusion of Equity Values for Non-PEO NEOs ($) 2023 35,082 333,533 — 193,276 — — 561,891 4. The Peer Group TSR set forth in this table utilizes a custom group of industry peers, weighted according to the respective peer companies’ stock market capitalization on December 31, 2019, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2023. The Company changed its peer group in 2023 in order to reflect the current competitive landscape in our industry more accurately. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and the peer group, respectively. Historical stock performance is not necessarily indicative of future stock performance. 2022 2023 CCA Industries, Inc. The Estée Lauder Companies Inc. Colgate-Palmolive Company The Procter & Gamble Company Kimberly-Clark Corporation e.l.f . Beauty, Inc. Natural Health Trends Corp. Coty Inc. Summer Infant, Inc. L’Oréal SA The Estée Lauder Companies Inc. LVMH Moët Hennessy Louis Vuitton The Procter & Gamble Company Natura &Co Holding SS The Stephan Co. Olaplex Holdings, Inc. United-Guardian, Inc. Shiseido Co Ltd. | ||||
Named Executive Officers, Footnote [Text Block] | 1. Jean Madar was our PEO for each year presented. The individuals comprising the Non-PEO NEOs for each year presented are listed below. 2. The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below. The Company did not use any financial performance measures, as defined in the Section 402(v) rules, to link the Compensation Actually Paid for our PEO or Non-PEO NEOs for any fiscal year shown in the table to our performance, other than stock price. 3. Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Option Awards column are the totals from the Option Awards columns set forth in the Summary Compensation Table. 4. The Peer Group TSR set forth in this table utilizes a custom group of industry peers, weighted according to the respective peer companies’ stock market capitalization on December 31, 2019, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2023. The Company changed its peer group in 2023 in order to reflect the current competitive landscape in our industry more accurately. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and the peer group, respectively. Historical stock performance is not necessarily indicative of future stock performance. The following table shows the peer group constituents. 1. Jean Madar 2020 2021 2022 2023 Russell Greenberg Russell Greenberg Russell Greenberg Michel Atwood Philippe Benacin Philippe Benacin Michel Atwood Philippe Benacin Philippe Santi Philippe Santi Philippe Benacin Philippe Santi Frédéric Garcia-Pelayo Frédéric Garcia-Pelayo Philippe Santi Frédéric Garcia-Pelayo Frédéric Garcia-Pelayo | ||||
Changed Peer Group, Footnote [Text Block] | The Peer Group TSR set forth in this table utilizes a custom group of industry peers, weighted according to the respective peer companies’ stock market capitalization on December 31, 2019, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2023. The Company changed its peer group in 2023 in order to reflect the current competitive landscape in our industry more accurately. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and the peer group, respectively. Historical stock performance is not necessarily indicative of future stock performance. | ||||
PEO Total Compensation Amount | [1] | $ 2,000,000 | $ 1,369,077 | $ 1,230,000 | $ 1,387,603 |
PEO Actually Paid Compensation Amount | [1],[2],[3] | $ 2,775,201 | 945,026 | 3,199,857 | 1,246,062 |
Adjustment To PEO Compensation, Footnote | Year Summary Compensation Table Total for Jean Madar ($) Exclusion of Stock and Option Awards for Jean Madar ($) Inclusion of Equity Values for Jean Madar ($) Compensation Actually Paid to Jean Madar ($) 2023 2,000,000 — 775,201 2,775,201 Year Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Jean Madar ($) Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Jean Madar ($) Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Jean Madar ($) Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Jean Madar ($) Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Jean Madar ($) Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Included for Jean Madar ($) Total - Inclusion of Equity Values for Jean Madar ($) 2023 — 369,430 — 405,771 — — 775,201 | ||||
Non-PEO NEO Average Total Compensation Amount | [1] | $ 964,922 | 890,907 | 904,237 | 1,035,765 |
Non-PEO NEO Average Compensation Actually Paid Amount | [1],[2],[3] | $ 1,502,589 | 696,314 | 2,316,873 | 876,113 |
Adjustment to Non-PEO NEO Compensation Footnote | Year Average Summary Compensation Table Total for Non-PEO NEOs ($) Average Exclusion of Change in Pension Value for Non-PEO NEOs ($) Average Exclusion of Option Awards for Non-PEO NEOs ($) Average Inclusion of Pension Service Cost for Non-PEO NEOs ($) Average Inclusion of Equity Values for Non-PEO NEOs ($) Average Compensation Actually Paid to Non-PEO NEOs ($) 2023 964,922 (13,200) (35,082) 24,059 561,890 1,502,589 Year Average Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-PEO NEOs ($) Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non-PEO NEOs ($) Average Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year for Non-PEO NEOs ($) Average Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs ($) Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year for Non-PEO NEOs ($) Average Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Included for Non-PEO NEOs ($) Total - Average Inclusion of Equity Values for Non-PEO NEOs ($) 2023 35,082 333,533 — 193,276 — — 561,891 | ||||
Compensation Actually Paid vs. Total Shareholder Return | Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and Total Shareholder Return (“TSR”) The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, the Company’s cumulative TSR over the four most recently completed fiscal years and the Peer Group TSR over the same period. For comparison, the 2022 Peer Group TSRs would have been $116.80, $140.75, $126.46, and $118.12 in fiscal years 2020, 2021, 2022, & 2023, respectively. . | ||||
Compensation Actually Paid vs. Net Income | Relationship Between PEO and Non-PEO NEO Compensation Actually Paid and Net Income The following chart sets forth the relationship between Compensation Actually Paid to our PEO, the average of Compensation Actually Paid to our Non-PEO NEOs, and our Net Income during the four most recently completed fiscal years. . . | ||||
Total Shareholder Return Amount | [4] | $ 210.93 | 138.82 | 149.91 | 83.75 |
Peer Group Total Shareholder Return Amount | [4] | 120.32 | 128.45 | 145.11 | 116.11 |
Net Income (Loss) | $ 188,000,000 | $ 151,000,000 | $ 110,000,000 | $ 50,000,000 | |
Additional 402(v) Disclosure | The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below. The Company did not use any financial performance measures, as defined in the Section 402(v) rules, to link the Compensation Actually Paid for our PEO or Non-PEO NEOs for any fiscal year shown in the table to our performance, other than stock price. | ||||
PEO [Member] | Jean Madar | |||||
Pay vs Performance Disclosure [Table] | |||||
PEO Name | Jean Madar | ||||
PEO [Member] | Jean Madar | Exclusion of Stock and Option Awards | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | |||||
PEO [Member] | Jean Madar | Exclusion of Stock and Option Awards | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | 775,201 | ||||
PEO [Member] | Jean Madar | Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | |||||
PEO [Member] | Jean Madar | Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | 369,430 | ||||
PEO [Member] | Jean Madar | Vesting-Date Fair Value of Equity Awards Granted During Year that Vested During Year | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | |||||
PEO [Member] | Jean Madar | Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | 405,771 | ||||
PEO [Member] | Jean Madar | Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | |||||
PEO [Member] | Jean Madar | Value of Dividends or Other Earnings Paid on Equity Awards Not Otherwise Included | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | |||||
PEO [Member] | Jean Madar | Total Inclusion Of Equity Values [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | 775,201 | ||||
Non-PEO NEO [Member] | Average Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | (13,200) | ||||
Non-PEO NEO [Member] | Average Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | (35,082) | ||||
Non-PEO NEO [Member] | Average Inclusion of Pension Service Cost | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | 24,059 | ||||
Non-PEO NEO [Member] | Average Inclusion of Equity Values | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | 561,890 | ||||
Non-PEO NEO [Member] | Average Year End Fair Value Of Equity Awards Granted During Year That Remained Unvested As Of Last Day Of Year For Non P E O N E Os [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | 35,082 | ||||
Non-PEO NEO [Member] | Average Change In Fair Value From Last Day Of Prior Year To Last Day Of Year Of Unvested Equity Awards For Non P E O N E Os [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | 333,533 | ||||
Non-PEO NEO [Member] | Average Vesting Date Fair Value Of Equity Awards Granted During Year That Vested During Year For Non P E O N E Os [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | |||||
Non-PEO NEO [Member] | Average Change In Fair Value From Last Day Of Prior Year To Vesting Date Of Unvested Equity Awards That Vested During Year For Non P E O N E Os [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | 193,276 | ||||
Non-PEO NEO [Member] | Average Fair Value At Last Day Of Prior Year Of Equity Awards Forfeited During Year For Non P E O N E Os [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | |||||
Non-PEO NEO [Member] | Average Value Of Dividends Or Other Earnings Paid On Equity Awards Not Otherwise Included For Non P E O N E Os [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | |||||
Non-PEO NEO [Member] | Total Average Inclusion Of Equity Values For Non P E O N E Os [Member] | |||||
Pay vs Performance Disclosure [Table] | |||||
Adjustment to Compensation Amount | $ 561,891 | ||||
Non-PEO NEO [Member] | Russell Greenberg | |||||
Pay vs Performance Disclosure [Table] | |||||
PEO Name | Russell Greenberg | Russell Greenberg | Russell Greenberg | ||
Non-PEO NEO [Member] | Michel Atwood | |||||
Pay vs Performance Disclosure [Table] | |||||
PEO Name | Michel Atwood | Michel Atwood | |||
Non-PEO NEO [Member] | Philippe Benacin | |||||
Pay vs Performance Disclosure [Table] | |||||
PEO Name | Philippe Benacin | Philippe Benacin | Philippe Benacin | Philippe Benacin | |
Non-PEO NEO [Member] | Philippe Santi | |||||
Pay vs Performance Disclosure [Table] | |||||
PEO Name | Philippe Santi | Philippe Santi | Philippe Santi | Philippe Santi | |
Non-PEO NEO [Member] | Fr?d?ric Garcia-Pelayo | |||||
Pay vs Performance Disclosure [Table] | |||||
PEO Name | Frédéric Garcia-Pelayo | Frédéric Garcia-Pelayo | Frédéric Garcia-Pelayo | Frédéric Garcia-Pelayo | |
[1]Jean Madar was our PEO for each year presented. The individuals comprising the Non-PEO NEOs for each year presented are listed below.[2]Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Option Awards column are the totals from the Option Awards columns set forth in the Summary Compensation Table.[3]The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below. The Company did not use any financial performance measures, as defined in the Section 402(v) rules, to link the Compensation Actually Paid for our PEO or Non-PEO NEOs for any fiscal year shown in the table to our performance, other than stock price.[4]The Peer Group TSR set forth in this table utilizes a custom group of industry peers, weighted according to the respective peer companies’ stock market capitalization on December 31, 2019, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2023. The Company changed its peer group in 2023 in order to reflect the current competitive landscape in our industry more accurately. The comparison assumes $100 was invested for the period starting December 31, 2019, through the end of the listed year in the Company and the peer group, respectively. Historical stock performance is not necessarily indicative of future stock performance. The following table shows the peer group constituents. |