diff --git a/README.md b/README.md
index 7345ce0..59fade2 100644
--- a/README.md
+++ b/README.md
@@ -552,6 +552,13 @@ to the expected behavior.
 
 ## Release Notes
 
+### v1.4.2 (WIP)
+
+* Refactoring for [#88](https://github.com/gulrak/filesystem/issues/88), `fs::path::parent_path()`
+  had a performance issue, as it was still using a loop based approach to recreate
+  the parent from elements. This created lots of temporaries and was too slow
+  especially on long paths.
+
 ### [v1.4.0](https://github.com/gulrak/filesystem/releases/tag/v1.4.0)
 
 * Enhancements for [#71](https://github.com/gulrak/filesystem/issues/71), when compiled with C++20:
diff --git a/include/ghc/filesystem.hpp b/include/ghc/filesystem.hpp
index 3ac0129..9bf36f4 100644
--- a/include/ghc/filesystem.hpp
+++ b/include/ghc/filesystem.hpp
@@ -236,7 +236,7 @@
 //- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
 
 // ghc::filesystem version in decimal (major * 10000 + minor * 100 + patch)
-#define GHC_FILESYSTEM_VERSION 10400L
+#define GHC_FILESYSTEM_VERSION 10401L
 
 #if !defined(GHC_WITH_EXCEPTIONS) && (defined(__EXCEPTIONS) || defined(__cpp_exceptions) || defined(_CPPUNWIND))
 #define GHC_WITH_EXCEPTIONS