Company: IPST
Filing Date: 2025-06-10
Form Type: DEF 14A
Source: 0001788230-25-000111
Chunk: 21

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-06-10
Form: DEF 14A
Chunk 21
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 is available on our corporate website at www.HeritageDistilling.com under "Investors — Governance — Governance Documents."

| Heritage Distilling Holding Company, Inc. |     | 11 |     | 2025 Proxy Statement |

Director Compensation

The following discussion describes the significant elements of the compensation program for members of the Board of Directors and its committees. The compensation of our directors is designed to attract and retain committed and qualified directors and to align their compensation with the long-term interests of our stockholders. Directors who are also executive officers (each, an “Excluded Director”) are not be entitled to receive any compensation for his or her service as a director, committee member or Chair of our Board of Directors or of any committee of our Board of Directors.

CASH COMPENSATION

Under our director compensation program adopted in connection with our November 2024 initial public offering, we pay each non-employee director a cash fee, payable quarterly, of $40,000 per year for service on our Board of Directors.

Committee Fees . If a non-employee director is designated to participate on a committee of our Board of Directors as either a chairperson or non-chairperson member, such director is entitled to compensation in addition to the cash fee, payable quarterly, in accordance with the following table:

| Committee                                     |     | Chair      |     | Member     |
| Audit Committee                               |     | $5,000/qtr |     | $2,500/qtr |
| Compensation Committee                        |     | $5,000/qtr |     | $2,500/qtr |
| Nominating and Corporate Governance Committee |     | $5,000/qtr |     | $2,500/qtr |
| Technology and Cryptocurrency Committee       |     | $5,000/qtr |     | $2,500/qtr |

Directors serving as chair of a committee only earn the fee associated with their work as Chair; they are not eligible to earn both the Chair fee and the Member fee for their work on the same committee.

EQUITY AWARDS

• One-Time Initial RSU Award . Each newly appointed non-employee director receives a one-time initial restricted stock unit (“RSU”) award for shares of our common stock, which shares vest in arrears in two equal tranches on the first and second anniversaries of service on our Board. The amount of awards is set by the Board.

• One-Time Initial Stock Option Grant (optional) . In addition to the one-time initial RS