Company: IPST
Filing Date: 2025-04-28
Form Type: 10-K
Source: 0001788230-25-000048
Chunk: 241

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-04-28
Form: 10-K
Item: Item 8
Chunk 241
---
 Executive Compensation

Summary Compensation Table

The following table provides certain summary information concerning compensation awarded to, earned by or paid to any individual who served as chief executive officer at any time during the year ended December 31, 2024 and each other person who was serving as an executive officer of our company at the end of such year whose total compensation exceeded $100,000. These individuals are referred to in this prospectus as the “named executive officers”. For each executive officer who also served as a director of our private company, we have included in such compensation: any compensation earned as stock awards: and deferred and accrued cash fees for service as a director. 

86

Name and Principal Position Year Salary(1) Bonus(1) Stock Awards(2) All Other Compensation(3) TotalJustin Stiefel 2024 $135,160  — $160,000 $9,167  $304,327 Chief Executive Officer; Treasurer 2023  98,653 —  —  10,000  108,653                 Jennifer Stiefel 2024  139,367 —  160,000  9,167  308,534President; Secretary 2023  97,962 —  —  10,000  107,962Michael Carrosino(4)2024210,674———210,674Executive Vice President, Finance; Chief Financial Officer202335,464———35,464                 Beth Marker 2024  175,639 —  6,000  —  181,639SVP Retail Operations 2023  84,917 —  —  —  84,917                 Danielle Perkins 2024  163,215 —  10,000  —  173,215SVP Wholesale 2023  150,831 —  —  —  150,831

(1)    Does not include deferred compensation from 2023 and 2024 that will be paid in 2025, as follows:

•      $63,076 to Justin Stiefel;•      $63,076 to Jennifer Stiefel;•      $107,395 to Michael Carrosino;•      $4,000 to Beth Marker