Jean Madar
Insider
First SEC filing: March 23, 2006 · Latest: March 23, 2006
Insider at
Insider transactions
0 buys (P)
0 sells (S)
Net: $0
Price change vs current quote, split-adjusted for corporate actions since the filing — not benchmarked, not annualized, not size-weighted
| Date | Ticker | Code | Shares | Price | Value | Owned after | Δ own | A/D | vs now |
|---|---|---|---|---|---|---|---|---|---|
| Dec. 19, 2011 | IPAR | J | 3,231,275 | · | · | 7,022,341 Indirect | +85.23% | Acquired | (price as of 2026-10-02) |
| Dec. 19, 2011 | IPAR | J | 3,231,275 | · | · | 200,000 Direct | -94.17% | Disposed | (price as of 2026-10-02) |
| May 25, 2011 | IPAR | S | 5,750 | $21.31 | $122,532 | 3,791,066 Indirect | +0.15% | Acquired | 434.7% (price as of 2026-10-02) |
| May 25, 2011 | IPAR | S | 2,400 | $21.33 | $51,192 | 3,796,816 Indirect | -0.06% | Disposed | 434.2% (price as of 2026-10-02) |
| May 25, 2011 | IPAR | S | 2,200 | $21.35 | $46,970 | 3,799,216 Indirect | -0.06% | Disposed | 433.7% (price as of 2026-10-02) |
| May 25, 2011 | IPAR | S | 950 | $21.39 | $20,320 | 3,801,416 Indirect | -0.02% | Disposed | 432.7% (price as of 2026-10-02) |
| May 25, 2011 | IPAR | S | 450 | $21.44 | $9,648 | 3,802,366 Indirect | +0.01% | Acquired | 431.5% (price as of 2026-10-02) |
| May 25, 2011 | IPAR | S | 100 | $21.49 | $2,149 | 3,802,816 Indirect | 0.00% | Disposed | 430.2% (price as of 2026-10-02) |
| May 25, 2011 | IPAR | S | 1,100 | $21.52 | $23,672 | 3,802,916 Indirect | -0.03% | Disposed | 429.5% (price as of 2026-10-02) |
| May 25, 2011 | IPAR | S | 100 | $21.56 | $2,156 | 3,804,016 Indirect | 0.00% | Disposed | 428.5% (price as of 2026-10-02) |
| May 25, 2011 | IPAR | S | 350 | $21.58 | $7,553 | 3,804,116 Indirect | -0.01% | Disposed | 428.0% (price as of 2026-10-02) |
| May 25, 2011 | IPAR | S | 750 | $21.62 | $16,215 | 3,804,466 Indirect | -0.02% | Disposed | 427.1% (price as of 2026-10-02) |
| May 25, 2011 | IPAR | S | 1,350 | $21.65 | $29,228 | 3,805,216 Indirect | -0.04% | Disposed | 426.3% (price as of 2026-10-02) |
| May 25, 2011 | IPAR | S | 1,158 | $21.68 | $25,105 | 3,806,566 Indirect | -0.03% | Disposed | 425.6% (price as of 2026-10-02) |
| May 25, 2011 | IPAR | S | 12,346 | $21.70 | $267,908 | 3,807,724 Indirect | -0.32% | Disposed | 425.1% (price as of 2026-10-02) |
| May 25, 2011 | IPAR | S | 3,396 | $21.72 | $73,761 | 3,820,070 Indirect | -0.09% | Disposed | 424.6% (price as of 2026-10-02) |
| May 25, 2011 | IPAR | S | 2,166 | $21.74 | $47,089 | 3,823,466 Indirect | -0.06% | Disposed | 424.1% (price as of 2026-10-02) |
| May 25, 2011 | IPAR | S | 284 | $21.76 | $6,180 | 3,825,632 Indirect | -0.01% | Disposed | 423.7% (price as of 2026-10-02) |
| May 25, 2011 | IPAR | S | 250 | $21.79 | $5,448 | 3,825,916 Indirect | -0.01% | Disposed | 422.9% (price as of 2026-10-02) |
| May 25, 2011 | IPAR | S | 200 | $21.84 | $4,368 | 3,826,166 Indirect | -0.01% | Disposed | 421.7% (price as of 2026-10-02) |
| May 25, 2011 | IPAR | S | 300 | $21.94 | $6,582 | 3,826,366 Indirect | -0.01% | Disposed | 419.4% (price as of 2026-10-02) |
| May 24, 2011 | IPAR | S | 1,000 | $20.70 | $20,700 | 3,826,666 Indirect | -0.03% | Disposed | 450.5% (price as of 2026-10-02) |
| May 24, 2011 | IPAR | S | 650 | $20.75 | $13,488 | 3,827,666 Indirect | -0.02% | Disposed | 449.2% (price as of 2026-10-02) |
| May 24, 2011 | IPAR | S | 250 | $20.79 | $5,198 | 3,828,316 Indirect | -0.01% | Disposed | 448.1% (price as of 2026-10-02) |
| May 23, 2011 | IPAR | S | 7,500 | $20.75 | $155,625 | 3,828,566 Indirect | -0.20% | Disposed | 449.2% (price as of 2026-10-02) |
| May 23, 2011 | IPAR | S | 901 | $20.77 | $18,714 | 3,836,066 Indirect | -0.02% | Disposed | 448.6% (price as of 2026-10-02) |
| May 23, 2011 | IPAR | S | 600 | $20.78 | $12,468 | 3,836,967 Indirect | -0.02% | Disposed | 448.4% (price as of 2026-10-02) |
| May 23, 2011 | IPAR | S | 10,073 | $20.80 | $209,518 | 3,837,567 Indirect | -0.26% | Disposed | 447.8% (price as of 2026-10-02) |
| May 23, 2011 | IPAR | S | 2,926 | $20.82 | $60,919 | 3,847,640 Indirect | -0.08% | Disposed | 447.3% (price as of 2026-10-02) |
| May 23, 2011 | IPAR | S | 200 | $20.84 | $4,168 | 3,850,566 Indirect | -0.01% | Disposed | 446.8% (price as of 2026-10-02) |
| May 20, 2011 | IPAR | S | 7,779 | $21.00 | $163,359 | 3,850,766 Indirect | -0.20% | Disposed | 442.6% (price as of 2026-10-02) |
| May 20, 2011 | IPAR | S | 1,583 | $21.01 | $33,259 | 3,858,545 Indirect | -0.04% | Disposed | 442.4% (price as of 2026-10-02) |
| May 20, 2011 | IPAR | S | 834 | $21.03 | $17,539 | 3,860,128 Indirect | -0.02% | Disposed | 441.8% (price as of 2026-10-02) |
| May 20, 2011 | IPAR | S | 553 | $21.05 | $11,641 | 3,860,962 Indirect | -0.01% | Disposed | 441.3% (price as of 2026-10-02) |
| May 20, 2011 | IPAR | S | 251 | $21.07 | $5,289 | 3,861,515 Indirect | -0.01% | Disposed | 440.8% (price as of 2026-10-02) |
| May 20, 2011 | IPAR | S | 250 | $21.10 | $5,275 | 3,861,766 Indirect | -0.01% | Disposed | 440.0% (price as of 2026-10-02) |
| May 20, 2011 | IPAR | S | 250 | $21.13 | $5,282 | 3,862,016 Indirect | -0.01% | Disposed | 439.3% (price as of 2026-10-02) |
| May 19, 2011 | IPAR | S | 1,550 | $21.01 | $32,566 | 3,862,266 Indirect | -0.04% | Disposed | 442.4% (price as of 2026-10-02) |
| May 19, 2011 | IPAR | S | 1,081 | $21.04 | $22,744 | 3,863,816 Indirect | -0.03% | Disposed | 441.6% (price as of 2026-10-02) |
| May 19, 2011 | IPAR | S | 2,607 | $21.07 | $54,929 | 3,864,897 Indirect | -0.07% | Disposed | 440.8% (price as of 2026-10-02) |
| May 19, 2011 | IPAR | S | 2,162 | $21.10 | $45,618 | 3,867,504 Indirect | -0.06% | Disposed | 440.0% (price as of 2026-10-02) |
| May 19, 2011 | IPAR | S | 966 | $21.13 | $20,412 | 3,869,666 Indirect | -0.02% | Disposed | 439.3% (price as of 2026-10-02) |
| May 19, 2011 | IPAR | S | 1,630 | $21.15 | $34,474 | 3,870,632 Indirect | -0.04% | Disposed | 438.8% (price as of 2026-10-02) |
| May 19, 2011 | IPAR | S | 450 | $21.18 | $9,531 | 3,872,262 Indirect | -0.01% | Disposed | 438.0% (price as of 2026-10-02) |
| May 19, 2011 | IPAR | S | 500 | $21.21 | $10,605 | 3,872,712 Indirect | -0.01% | Disposed | 437.2% (price as of 2026-10-02) |
| May 19, 2011 | IPAR | S | 304 | $21.23 | $6,454 | 3,873,312 Indirect | -0.01% | Disposed | 436.7% (price as of 2026-10-02) |
| May 18, 2011 | IPAR | S | 1,050 | $21.00 | $22,050 | 3,873,516 Indirect | -0.03% | Disposed | 442.6% (price as of 2026-10-02) |
| May 18, 2011 | IPAR | S | 150 | $21.04 | $3,156 | 3,874,566 Indirect | 0.00% | Disposed | 441.6% (price as of 2026-10-02) |
| May 18, 2011 | IPAR | S | 600 | $21.08 | $12,648 | 3,874,716 Indirect | -0.02% | Disposed | 440.6% (price as of 2026-10-02) |
| May 18, 2011 | IPAR | S | 693 | $21.10 | $14,622 | 3,875,316 Indirect | -0.02% | Disposed | 440.0% (price as of 2026-10-02) |
| May 18, 2011 | IPAR | S | 1,100 | $21.11 | $23,221 | 3,876,009 Indirect | -0.03% | Disposed | 439.8% (price as of 2026-10-02) |
| May 18, 2011 | IPAR | S | 907 | $21.14 | $19,174 | 3,877,109 Indirect | -0.02% | Disposed | 439.0% (price as of 2026-10-02) |
| May 18, 2011 | IPAR | S | 350 | $21.16 | $7,406 | 3,878,016 Indirect | -0.01% | Disposed | 438.5% (price as of 2026-10-02) |
| May 18, 2011 | IPAR | S | 100 | $21.19 | $2,119 | 3,878,366 Indirect | 0.00% | Disposed | 437.8% (price as of 2026-10-02) |
| May 18, 2011 | IPAR | S | 300 | $21.22 | $6,366 | 3,878,466 Indirect | -0.01% | Disposed | 437.0% (price as of 2026-10-02) |
| May 18, 2011 | IPAR | S | 4,500 | $21.25 | $95,625 | 3,878,766 Indirect | -0.12% | Disposed | 436.2% (price as of 2026-10-02) |
| May 13, 2011 | IPAR | S | 2,299 | $18.80 | $43,221 | 3,883,266 Indirect | -0.06% | Disposed | 506.1% (price as of 2026-10-02) |
| May 13, 2011 | IPAR | S | 501 | $18.81 | $9,424 | 3,885,565 Indirect | -0.01% | Disposed | 505.8% (price as of 2026-10-02) |
| May 13, 2011 | IPAR | S | 672 | $18.82 | $12,647 | 3,886,066 Indirect | -0.02% | Disposed | 505.5% (price as of 2026-10-02) |
| May 13, 2011 | IPAR | S | 1,483 | $18.84 | $27,940 | 3,886,738 Indirect | -0.04% | Disposed | 504.8% (price as of 2026-10-02) |
| May 13, 2011 | IPAR | S | 1,095 | $18.85 | $20,641 | 3,888,221 Indirect | -0.03% | Disposed | 504.5% (price as of 2026-10-02) |
| May 13, 2011 | IPAR | S | 1,100 | $18.87 | $20,757 | 3,889,316 Indirect | -0.03% | Disposed | 503.9% (price as of 2026-10-02) |
| May 13, 2011 | IPAR | S | 950 | $18.88 | $17,936 | 3,890,416 Indirect | -0.02% | Disposed | 503.5% (price as of 2026-10-02) |
| May 13, 2011 | IPAR | S | 1,000 | $18.90 | $18,900 | 3,891,366 Indirect | -0.03% | Disposed | 502.9% (price as of 2026-10-02) |
| May 13, 2011 | IPAR | S | 300 | $18.91 | $5,673 | 3,892,366 Indirect | -0.01% | Disposed | 502.6% (price as of 2026-10-02) |
| May 13, 2011 | IPAR | S | 489 | $18.92 | $9,252 | 3,892,666 Indirect | -0.01% | Disposed | 502.3% (price as of 2026-10-02) |
| May 13, 2011 | IPAR | S | 900 | $18.93 | $17,037 | 3,893,155 Indirect | -0.02% | Disposed | 502.0% (price as of 2026-10-02) |
| May 13, 2011 | IPAR | S | 500 | $18.95 | $9,475 | 3,894,055 Indirect | -0.01% | Disposed | 501.3% (price as of 2026-10-02) |
| May 13, 2011 | IPAR | S | 350 | $18.96 | $6,636 | 3,894,555 Indirect | -0.01% | Disposed | 501.0% (price as of 2026-10-02) |
| May 13, 2011 | IPAR | S | 311 | $18.98 | $5,903 | 3,894,905 Indirect | -0.01% | Disposed | 500.4% (price as of 2026-10-02) |
| May 13, 2011 | IPAR | S | 400 | $19.00 | $7,600 | 3,895,216 Indirect | -0.01% | Disposed | 499.7% (price as of 2026-10-02) |
| May 11, 2011 | IPAR | S | 4,082 | $18.60 | $75,925 | 3,895,616 Indirect | -0.10% | Disposed | 512.6% (price as of 2026-10-02) |
| May 11, 2011 | IPAR | S | 1,118 | $18.61 | $20,806 | 3,899,698 Indirect | -0.03% | Disposed | 512.3% (price as of 2026-10-02) |
| May 11, 2011 | IPAR | S | 875 | $18.62 | $16,292 | 3,900,816 Indirect | -0.02% | Disposed | 512.0% (price as of 2026-10-02) |
| May 11, 2011 | IPAR | S | 1,125 | $18.64 | $20,970 | 3,901,691 Indirect | -0.03% | Disposed | 511.3% (price as of 2026-10-02) |
| May 11, 2011 | IPAR | S | 1,050 | $18.67 | $19,604 | 3,902,816 Indirect | -0.03% | Disposed | 510.3% (price as of 2026-10-02) |
| May 11, 2011 | IPAR | S | 1,050 | $18.69 | $19,624 | 3,903,866 Indirect | -0.03% | Disposed | 509.7% (price as of 2026-10-02) |
| May 11, 2011 | IPAR | S | 1,330 | $18.70 | $24,871 | 3,904,916 Indirect | -0.03% | Disposed | 509.4% (price as of 2026-10-02) |
| May 11, 2011 | IPAR | S | 870 | $18.72 | $16,286 | 3,906,246 Indirect | -0.02% | Disposed | 508.7% (price as of 2026-10-02) |
| May 11, 2011 | IPAR | S | 921 | $18.73 | $17,250 | 3,907,116 Indirect | -0.02% | Disposed | 508.4% (price as of 2026-10-02) |
| May 11, 2011 | IPAR | S | 1,321 | $18.75 | $24,769 | 3,908,037 Indirect | -0.03% | Disposed | 507.7% (price as of 2026-10-02) |
| May 11, 2011 | IPAR | S | 1,279 | $18.76 | $23,994 | 3,909,358 Indirect | -0.03% | Disposed | 507.4% (price as of 2026-10-02) |
| May 11, 2011 | IPAR | S | 1,268 | $18.78 | $23,813 | 3,910,637 Indirect | -0.03% | Disposed | 506.8% (price as of 2026-10-02) |
| May 11, 2011 | IPAR | S | 9,311 | $18.80 | $175,047 | 3,911,905 Indirect | -0.24% | Disposed | 506.1% (price as of 2026-10-02) |
| May 11, 2011 | IPAR | S | 2,742 | $18.82 | $51,604 | 3,922,216 Indirect | -0.07% | Disposed | 505.5% (price as of 2026-10-02) |
| May 11, 2011 | IPAR | S | 2,909 | $18.84 | $54,806 | 3,923,958 Indirect | -0.07% | Disposed | 504.8% (price as of 2026-10-02) |
| May 11, 2011 | IPAR | S | 2,649 | $18.85 | $49,934 | 3,926,867 Indirect | -0.07% | Disposed | 504.5% (price as of 2026-10-02) |
| May 11, 2011 | IPAR | S | 1,252 | $18.88 | $23,638 | 3,929,516 Indirect | -0.03% | Disposed | 503.5% (price as of 2026-10-02) |
| May 11, 2011 | IPAR | S | 2,498 | $18.89 | $47,187 | 3,930,768 Indirect | -0.06% | Disposed | 503.2% (price as of 2026-10-02) |
| May 11, 2011 | IPAR | S | 1,500 | $18.91 | $28,365 | 3,933,266 Indirect | -0.04% | Disposed | 502.6% (price as of 2026-10-02) |
| May 11, 2011 | IPAR | S | 1,550 | $19.00 | $29,450 | 3,934,766 Indirect | -0.04% | Disposed | 499.7% (price as of 2026-10-02) |
| May 11, 2011 | IPAR | S | 350 | $19.05 | $6,668 | 3,936,316 Indirect | -0.01% | Disposed | 498.2% (price as of 2026-10-02) |
| May 10, 2011 | IPAR | S | 9,842 | $18.50 | $182,077 | 3,936,666 Indirect | -0.25% | Disposed | 515.9% (price as of 2026-10-02) |
| May 10, 2011 | IPAR | S | 6,279 | $18.51 | $116,224 | 3,946,508 Indirect | -0.16% | Disposed | 515.6% (price as of 2026-10-02) |
| May 10, 2011 | IPAR | S | 3,493 | $18.53 | $64,725 | 3,952,787 Indirect | -0.09% | Disposed | 514.9% (price as of 2026-10-02) |
| May 10, 2011 | IPAR | S | 6,339 | $18.56 | $117,652 | 3,956,280 Indirect | -0.16% | Disposed | 514.0% (price as of 2026-10-02) |
| May 10, 2011 | IPAR | S | 1,248 | $18.58 | $23,188 | 3,962,619 Indirect | -0.03% | Disposed | 513.3% (price as of 2026-10-02) |
| May 10, 2011 | IPAR | S | 600 | $18.60 | $11,160 | 3,963,867 Indirect | -0.02% | Disposed | 512.6% (price as of 2026-10-02) |
| May 10, 2011 | IPAR | S | 250 | $18.63 | $4,658 | 3,964,467 Indirect | -0.01% | Disposed | 511.6% (price as of 2026-10-02) |
| May 10, 2011 | IPAR | S | 1,920 | $18.65 | $35,808 | 3,964,717 Indirect | -0.05% | Disposed | 511.0% (price as of 2026-10-02) |
Showing latest 100 of 2017 transactions
P = Open-market purchase · S = Sale · A = Grant/award · M = Option exercise · G = Gift · F = Tax withholding
Insider transactions are not a recommendation; sales are often driven by liquidity or tax reasons.
Derivative holdings (Form 4 Table II) Options, RSUs and convertible securities reported on Form 4 Table II.
| Date | Ticker | Security | Underlying | Exercise price | Expiration | Shares | A/D |
|---|---|---|---|---|---|---|---|
| Dec. 31, 2010 | IPAR | Option-right to buy | Common Stock | $19.02 | Dec. 30, 2016 | 3,800 | Acquired |
| Dec. 31, 2010 | IPAR | Option-right to buy | Common Stock | $19.02 | Dec. 30, 2016 | 3,800 | Acquired |
| Dec. 31, 2010 | IPAR | Option-right to buy | Common Stock | $19.02 | Dec. 30, 2016 | 3,800 | Acquired |
| Dec. 31, 2010 | IPAR | Option-right to buy | Common Stock | $19.02 | Dec. 30, 2016 | 3,800 | Acquired |
| Dec. 31, 2010 | IPAR | Option-right to buy | Common Stock | $19.02 | Dec. 30, 2016 | 3,800 | Acquired |
| April 15, 2010 | IPAR | Option-right to buy | Common Stock | $9.97 | April 19, 2010 | 75,000 | Disposed |
| Dec. 31, 2009 | IPAR | Option-right to buy | Common Stock | $12.14 | Dec. 30, 2015 | 3,800 | Acquired |
| Dec. 31, 2009 | IPAR | Option-right to buy | Common Stock | $12.14 | Dec. 30, 2015 | 3,800 | Acquired |
| Dec. 31, 2009 | IPAR | Option-right to buy | Common Stock | $12.14 | Dec. 30, 2015 | 3,800 | Acquired |
| Dec. 31, 2009 | IPAR | Option-right to buy | Common Stock | $12.14 | Dec. 30, 2015 | 3,800 | Acquired |
| Dec. 31, 2009 | IPAR | Option-right to buy | Common Stock | $12.14 | Dec. 30, 2015 | 3,800 | Acquired |
| Dec. 7, 2009 | IPAR | Option-right to buy | Common Stock | $10.26 | Dec. 9, 2009 | 75,000 | Disposed |
| Dec. 7, 2009 | IPAR | Option-right to buy | Common Stock | $10.26 | Dec. 9, 2009 | 75,000 | Disposed |
| Feb. 14, 2008 | IPAR | Option-right to buy | Common Stock | $11.30 | Feb. 13, 2014 | 2,775 | Acquired |
| Feb. 14, 2008 | IPAR | Option-right to buy | Common Stock | $11.30 | Feb. 13, 2014 | 2,775 | Acquired |
| Feb. 14, 2008 | IPAR | Option-right to buy | Common Stock | $11.30 | Feb. 13, 2014 | 2,775 | Acquired |
| Feb. 14, 2008 | IPAR | Option-right to buy | Common Stock | $11.30 | Feb. 13, 2014 | 2,775 | Acquired |
| Feb. 14, 2008 | IPAR | Option-right to buy | Common Stock | $11.30 | Feb. 13, 2014 | 2,775 | Acquired |
| Dec. 10, 2007 | IPAR | Option-right to buy | Common Stock | $8.02 | Dec. 19, 2007 | 50,000 | Disposed |
| Dec. 15, 2006 | IPAR | Option-right to buy | Common Stock | $19.66 | Dec. 14, 2012 | 8,000 | Acquired |
| Dec. 15, 2006 | IPAR | Option-right to buy | Common Stock | $19.66 | Dec. 14, 2012 | 8,000 | Acquired |
| Dec. 15, 2006 | IPAR | Option-right to buy | Common Stock | $19.66 | Dec. 14, 2012 | 8,000 | Acquired |
| Dec. 15, 2006 | IPAR | Option-right to buy | Common Stock | $19.66 | Dec. 14, 2012 | 8,000 | Acquired |
| Dec. 15, 2006 | IPAR | Option-right to buy | Common Stock | $19.66 | Dec. 14, 2012 | 8,000 | Acquired |
| Nov. 13, 2006 | IPAR | Option-right to buy | Common Stock | $7.78 | Nov. 26, 2006 | 50,000 | Disposed |
| April 20, 2005 | IPAR | Option-right to buy | Common Stock | $14.95 | April 19, 2010 | 50,000 | Acquired |
| Feb. 25, 2005 | IPAR | Option-right to buy | Common Stock | $2.56 | March 3, 2005 | 511,350 | Disposed |
| Dec. 10, 2004 | IPAR | Option-right to buy | Common Stock | $15.39 | Dec. 9, 2009 | 50,000 | Acquired |
| Oct. 26, 2004 | IPAR | Option-right to buy | Common Stock | $2.56 | March 3, 2005 | 65,400 | Disposed |
| Dec. 31, 2003 | IPAR | Option-right to buy | Common Stock | $23.05 | Dec. 30, 2008 | 50,000 | Acquired |
| Oct. 21, 2003 | IPAR | Option-right to buy | Common Stock | $2.56 | March 3, 2005 | 42,000 | Disposed |
| Oct. 21, 2003 | IPAR | Option-right to buy | Common Stock | $2.56 | March 3, 2004 | 42,000 | Disposed |
| Aug. 8, 1988 | IPAR | Option- right to buy | Common Stock | · | Aug. 8, 1988 | 0 | Acquired |
Exercise/conversion price is blank when not applicable (e.g. RSUs).
Compensation (DEF 14A)
Matched by name from proxy statements (DEF 14A) — verify against the filing.
| Fiscal year | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension change | Other | Total |
|---|---|---|---|---|---|---|---|---|
| 2020 | $1,230,000 | · | · | · | · | · | · | $1,230,000 |
| 2016 | $630,000 | · | · | $141,709 | · | · | · | $771,709 |
| 2015 | $630,000 | · | · | $112,408 | · | · | · | $742,408 |
Figures from the Summary Compensation Table of the company's proxy statement (DEF 14A). Compensation is not a recommendation.