Company: PTHS
Filing Date: 2025-05-27
Form Type: DEFM14C
Source: 0001140361-25-020509
Chunk: 426

Company: Pelthos Therapeutics Inc.
Filing Date: 2025-05-27
Form: DEFM14C
Chunk 426
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 only and not with a view to or for sale in connection with any distribution thereof. Director Compensation for Fiscal Year 2024 Channel has not implemented a formal policy with respect to compensation payable to Channel’s non-employee directors. From time to time, Channel has granted equity awards to attract individuals to join the Channel board of directors and for their continued service thereon. In 2024, independent directors received $14,396 in cash compensation. In addition, in 2024 Channel directors were granted options to purchase 90,000 shares of Channel common stock at fair market value as of the date of issuance, expiring ten years from issuance and restricted stock units representing 356,664 shares of Channel common stock. In addition, Channel reimburses its directors for expenses associated with attending meetings of the Channel board of directors and its committees. The Channel board of directors is still in the process of considering the non-employee director compensation policy.

| Name             |     | Fees Earned 
  or Paid in 
        Cash 
         ($) |     |  Stock 
 Awards 
    ($) |     |   Stock 
  Option 
  Awards 
  ($)(1) |     | Non-Equity   
 Incentive    
 Plan         
 Compensation 
 ($)          |     | Nonqualified 
     Deferred 
 Compensation 
     Earnings 
          ($) |     | All Other    
 Compensation 
 ($)          |     |   Total 
     ($) |
| Todd Davis       |     |      14,396 |     | 52,258 |     | 299,215 |     | —            |     |       20,000 |     | —            |     | 385,869 |
| Ezra Friedberg   |     |      14,396 |     | 26,111 |     | 149,608 |     | —            |     |       20,000 |     | —            |     | 210,115 |
| Richard Malamut  |     |      14,396 |     | 26,111 |     | 149,608 |     | —            |     |       20,000 |     | —            |     | 210,115 |
| Chia-Lin Simmons |     |      14,396 |     |      — |     | 183,675 |     | —            |     |       20,000 |     | —            |     | 218,071 |

| (1) | Amounts reflect the aggregate grant date