Company: IPST
Filing Date: 2025-08-29
Form Type: DEF 14A
Source: 0001788230-25-000148
Chunk: 66

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-08-29
Form: DEF 14A
Chunk 66
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 Heritage Distilling Holding Company, Inc. |     | 39 |     | Special Meeting Proxy Statement |

Executive Officers

Director Compensation Table

We have accrued, but never paid, a cash retainer to directors for their service on the Board. Independent directors earned $10,000 per year in cash compensation for services rendered in 2024, calculated pro rata if a full year was not served.

The following table sets forth the aggregate non-employee director compensation earned for services for the year ended December 31, 2024. Directors Wensel, Baumann, Trevan, Alstead, and Varga agreed to defer receipt of their fees until 2025.

| Name                        |     | Fees Earned or 
 Paid in Cash   
 ($)(1)         |     |         |     | Stock Awards 
 ($)(2)       |     |         |     | All Other Compensation 
 ($)                    |     |    Total 
      ($) |
| Jeffery Wensel, M.D., Ph.D. |     |                |     | $10,000 |     |              |     | $96,000 |     | —                      |     | $106,000 |
| Laura Baumann(3)            |     |                |     |  $1,667 |     |              |     |       — |     | —                      |     |   $1,667 |
| Eric S. Trevan, Ph.D.       |     |                |     | $10,000 |     |              |     |  $8,000 |     | —                      |     |  $18,000 |
| Christopher (Toby) Smith    |     |                |     | $10,000 |     |              |     |  $8,000 |     | —                      |     |  $18,000 |
| Troy Alstead(4)             |     |                |     |    $833 |     |              |     |       — |     | —                      |     |     $833 |
| Andrew Varga(4)             |     |                |     |    $833 |     |              |     |       — |     | —                      |     |     $833 |

(1) Represents cash fees payable to the members of our Board of Directors for the year ended December 31, 2024. Directors agreed to defer their cash fees until 2025.

(2) Represents the aggregate grant date fair value of restricted stock units granted to the