Company: CGC
Filing Date: 2025-07-25
Form Type: PRE 14A
Source: 0001104659-25-070853
Chunk: 57

Company: Canopy Growth Corp
Filing Date: 2025-07-25
Form: PRE 14A
Chunk 57
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. GAAP and may not be comparable to similar measures presented by other companies. A significant portion of our NEOs’ compensation is variable and linked to performance against short-term financial and individual objectives, as well as Share price performance and long-term financial objectives. The following charts illustrate our CEO’s Fiscal 2025 target total direct compensation (“ TDC ”) mix. Base Salary Base salary forms the foundation for attracting and retaining top talent while ensuring competitiveness with the market. Base salaries are determined based on market rates for similar positions and each executive’s expected contribution and past performance. For all NEOs other than the CEO, the CEO and the CHRO develop salary recommendations based on: (i) approved benchmarking provided by the Company’s independent compensation consultant (Mercer) and (ii) market survey data. CEO base salary decisions are developed by the CGCN Committee with input from Mercer and the CHRO, and are informed by the approved benchmarking data. All senior executive base salaries, including the salary of the CEO, are reviewed and approved by the CGCN Committee. As outlined above under the heading, “ D. Klein (Former CEO) Compensation Updates ”, effective June 8, 2024, Mr. Klein’s base salary was modified from US$975,000 to US$750,000, in efforts to align his compensation package to reflect the Company’s size, scale and market capitalization. Upon the effective date of his appointment as CEO, Mr. Mongeau’s base salary was set at C$975,000, which is in line with the reduced base salary of his predecessor, Mr. Klein. This reflects continued efforts to align executive compensation with market benchmarks while ensuring competitive pay within the cannabis and CPG sectors. For Fiscal 2025, the CGCN Committee decided upon 0% base pay adjustments for the remaining NEOs. This decision reflected the Company’s continued focus on aligning executive compensation with broader financial discipline.

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TABLE OF CONTENTS

The following table illustrates base salary details for our NEOs throughout Fiscal 2025:

| ​ | ​ | Individual        | ​ | ​ | ​ | LocalCurrency | ​ | ​ | ​ | Fiscal 2024Annual Base Salary | ​ | ​ | ​ | Fiscal 2025Annual BaseSalary(1) | ​ | ​ | ​ | %Change | ​ | ​ |
| ​ | ​ | Luc Mongeau       | ​ | ​ | ​ | C$            | ​ | ​ | ​ | -                             | ​ | ​ | ​