Company: HRTX
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0000950170-25-060882
Chunk: 26

Company: HERON THERAPEUTICS, INC. /DE/
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 26
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 such awards) paid and granted

17

during any calendar year to a non-employee director shall not exceed $750,000 (increased to $1,500,000 for the initial year of service on the Board). The Board approved the following compensation for non-employee directors for 2024:

| Cash Compensation(1)                                                    |     |   |        |
|:------------------------------------------------------------------------|:----|:--|-------:|
| Annual Board Cash Retainer                                              |     | $ | 50,000 |
| Annual Lead Independent Director Cash Retainer(2)                       |     | $ | 25,000 |
| Annual Audit Committee Chair Cash Retainer                              |     | $ | 20,000 |
| Annual Audit Committee Member Cash Retainer                             |     | $ | 10,000 |
| Annual Compensation Committee Chair Cash Retainer                       |     | $ | 15,000 |
| Annual Compensation Committee Member Cash Retainer                      |     | $ |  7,500 |
| Annual Nominating & Corporate Governance Committee Chair Cash Retainer  |     | $ | 10,000 |
| Annual Nominating & Corporate Governance Committee Member Cash Retainer |     | $ |  5,000 |

(1) paid in quarterly installments, in arrears and prorated for partial year of service (2) does not reflect the increase for 2025 described above Equity-Based Compensation (shares underlying awards) The following table sets forth the types of and the shares covered by the annual equity awards granted to our continuing non-employee directors in January 2024 and the initial equity awards granted to Mr. Kaseta when he joined the board in November 2024:

| Board Grants                            |     | Shares (#) |         |
| Initial Option Award (1)                |     |            | 227,272 |
| Initial Restricted Stock Unit Award (2) |     |            |  37,879 |
| Annual Option Award (3)                 |     |            |  83,685 |
| Annual Restricted Stock Unit Award (4)  |     |            |  13,948 |

(1) Initial option awards are granted when a non-employee director joins the Board and vest and become exercisable monthly over a four-year period from the date of grant, generally subject to continued service through the vesting date. (2) Initial restricted stock units are granted when a non-employee director joins the Board and vest quarterly over a four-year