Heritage Distilling Holding Company Inc. has entered into new 18-month employment agreements with its top executives, including CEO Justin Stiefel, President Jennifer Stiefel, and CFO Michael Carrosino. Under the terms of the agreements, Justin Stiefel will receive an annual base salary of $195,000 and has been granted 3,500,000 restricted stock units, which will vest monthly over 18 months. Jennifer Stiefel will receive a $175,000 base salary and 500,000 restricted stock units, also vesting monthly. Michael Carrosino's agreement includes a $260,000 annual base salary and 250,000 restricted stock units, with 50,000 vesting immediately and the remainder vesting over the contract period.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Heritage Distilling Holding Company Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001788230-25-000162), on October 03, 2025, and is solely responsible for the information contained therein.