Company: CGC
Filing Date: 2025-08-07
Form Type: DEF 14A
Source: 0001104659-25-075215
Chunk: 62

Company: Canopy Growth Corp
Filing Date: 2025-08-07
Form: DEF 14A
Chunk 62
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. Adjusted EBITDA is a non-GAAP measure used by management that is not defined by U.S. GAAP and may not be comparable to similar measures presented by other companies. Fiscal 2025 STIP Payouts For Fiscal 2025, the CGCN Committee approved the following cash bonuses to the NEOs based on actual performance relative to the defined STIP objectives:

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TABLE OF CONTENTS

| ​ | ​ | Individual               | ​ | ​ | ​ | Target(% of salary) | ​ | ​ | ​ | Payout Factor(% of target) | ​ | ​ | ​ | Bonus Payout(USD)(1) | ​ | ​ |
| ​ | ​ | Luc Mongeau | CEO        | ​ | ​ | ​ | 100%                | ​ | ​ | ​ | 77.6%                      | ​ | ​ | ​ |          $122,460(2) | ​ | ​ |
| ​ | ​ | Judy Hong | Former CFO   | ​ | ​ | ​ | 75%                 | ​ | ​ | ​ | 77.6%                      | ​ | ​ | ​ |             $241,505 | ​ | ​ |
| ​ | ​ | Christelle Gedeon | CLO  | ​ | ​ | ​ | 75%                 | ​ | ​ | ​ | 77.6%                      | ​ | ​ | ​ |             $216,411 | ​ | ​ |
| ​ | ​ | David Klein | Former CEO | ​ | ​ | ​ | 125%                | ​ | ​ | ​ | 77.6%                      | ​ | ​ | ​ |             $768,082 | ​ | ​ |

(1) Fiscal 2025 STIP payments and can be converted to C$ using the average exchange rate of C$1.00 = US$0.6951, as set forth above under “Executive Compensation – Currency Conversion.”. These payments were made on July 11, 2025. (2) Mr. Mongeau’s Fiscal 2025 annual bonus has been prorated based on his hire date of January 6, 2025. Long Term Incentives Summary of Principal Terms of Long-Term Incentive Plan (“ LTIP ”) Instruments The table below summarizes the principal terms of our Options, and RSUs for Fiscal 2025.

| ​ | ​ | ​             | ​ | ​ | ​ | RSUs                                                                                                                                                                                             | ​ |