Company: HRTX
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0000950170-25-060882
Chunk: 37

Company: HERON THERAPEUTICS, INC. /DE/
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 37
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 Market adjustments to promote retention

27

The table below sets forth the annualized base salaries for our Named Executive Officers at fiscal year-end 2024 and 2023. The increase relative to Fiscal 2023 Base Salary reflects the annual 3% merit increase applicable to Company employees generally.

| Named Executive Officer |     | Fiscal 2023 
 Base Salary |         |     | Fiscal 2024 
 Base Salary |         |     | Percentage    
 Increase from 
 Fiscal 2023   
 Base Salary   |   |   |
|:------------------------|:----|:------------|--------:|:----|:------------|--------:|:----|:--------------|--:|:--|
| Craig Collard           |     | $           | 650,000 |     | $           | 669,500 |     |               | 3 | % |
| Ira Duarte              |     | $           | 500,000 |     | $           | 515,000 |     |               | 3 | % |
| William Forbes          |     | $           | 575,000 |     | $           | 592,250 |     |               | 3 | % |

Ms. Duarte was designated as principal accounting officer, effective March 29, 2024 and did not receive additional compensation for such role during 2024. Annual Cash Incentive Bonus In determining the annual cash incentive bonus payout for executives, the Named Executive Officer’s annual base salary is multiplied by his or her target bonus percentage. For Mr. Collard, Ms. Duarte, and Dr. Forbes, each of whose bonus is weighted based on corporate goal achievement, the resulting amount is then multiplied by the corporate performance percentage approved by the Compensation Committee or the Board, which is based on the achievement of corporate performance goals. For annual cash incentive bonuses to our Named Executive Officers, a minimum overall goal achievement of greater than or equal to seventy-five percent (75%) is required for any performance-based cash bonus to be earned. The target annual cash incentive bonus can be earned if a goal achievement of one hundred percent (100%) is obtained; for extraordinary performance in corporate goal achievement, up to one hundred fifty percent (150%) of the target annual cash incentive bonus for that goal may be awarded. Accordingly, for each Named Executive Officer in 2024, there was the potential to receive up to one hundred fifty percent (150%) of his or her overall target annual cash incentive bonus payout. Between minimum and target,