Company: IPST
Filing Date: 2025-05-30
Form Type: PRE 14A
Source: 0001788230-25-000100
Chunk: 21

Company: Heritage Distilling Holding Company, Inc.
Filing Date: 2025-05-30
Form: PRE 14A
Chunk 21
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 Trevan, each of whom meets the definition of “independent director” under the rules of Nasdaq, and Messrs. Varga and Stiefel. Mr. Swann serves as chairman of our Technology and Cryptocurrency Committee. Our Board of Directors has adopted a written charter for the Technology and Cryptocurrency Committee, which is available on our corporate website at www.HeritageDistilling.com under "Investors — Governance — Governance Documents."

Director Compensation

The following discussion describes the significant elements of the expected compensation program for members of the Board of Directors and its committees. The compensation of our directors is designed to attract and retain committed and qualified directors and to align their compensation with the long-term interests of our stockholders. Directors who are also executive officers (each, an “Excluded Director”) are not be entitled to receive any compensation for his or her service as a director, committee member or Chair of our Board of Directors or of any committee of our Board of Directors.

| HERITAGE DISTILLING HOLDING COMPANY, INC. |     | 11 |     | 2025 Proxy Statement |

Director Compensation

CASH COMPENSATION

Under our director compensation program adopted in connection with our November 2024 initial public offering, we pay each non-employee director a cash fee, payable quarterly, of $40,000 per year for service on our Board of Directors.

Committee Fees . If a non-employee director is designated to participate on a committee of our Board of Directors as either a chairperson or non-chairperson member, such director is entitled to compensation in addition to the cash fee, payable quarterly, in accordance with the following table:

| Committee                                     |     | Chair      |     | Member     |
| Audit Committee                               |     | $5,000/qtr |     | $2,500/qtr |
| Compensation Committee                        |     | $5,000/qtr |     | $2,500/qtr |
| Nominating and Corporate Governance Committee |     | $5,000/qtr |     | $2,500/qtr |
| Technology and Cryptocurrency Committee       |     | $5,000/qtr |     | $2,500/qtr |

Directors serving as chair of a committee only earn the fee associated with their work as Chair; they are not eligible to earn both the Chair fee and the Member fee for their work on the same committee.

EQUITY AWARDS

• One-Time Initial RSU Award . Each newly appointed non-employee director receives