Company: CGC
Filing Date: 2025-07-25
Form Type: PRE 14A
Source: 0001104659-25-070853
Chunk: 56

Company: Canopy Growth Corp
Filing Date: 2025-07-25
Form: PRE 14A
Chunk 56
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 Fiscal 2025 Policies & Practices Related to the Grant of Certain Equity Awards At its regularly scheduled annual meeting, the CGCN Committee approved equity awards for each individual executive officer, in alignment with their respective employment agreements. In accordance with our Omnibus Incentive Plan, these annual equity awards are issued upon the exit of our fourth quarter 39 TABLE OF CONTENTS financial blackout period, which occurs two trading days after the annual earnings call.The valuation of these awards are calculated based upon the fair market value definition as prescribed in our Omnibus Incentive Plan. The CGCN Committee does not grant equity awards in anticipation of the release of material nonpublic information (“ MNPI ”),and the Company does not time the release of MNPI based upon grant dates of equity.In the event MNPI becomes known to the CGCN Committee before granting an equity award, the CGCN Committee will consider such information and use its business judgment to determine whether to delay the grant of equity to avoid any appearance of impropriety. Role of the Compensation Consultant The CGCN Committee continued their engagement of Mercer, to provide independent advice on executive compensation, including the alignment of Canopy Growth’s compensation policies and practices with its executive compensation philosophy and related governance matters. The nature and scope of services provided by Mercer to the CGCN Committee during Fiscal 2025 included the review, support, and advice on: • The Company’s compensation philosophy • The review of Canopy Growth’s peer group • Compensation levels for Canopy Growth’s NEOs and other executive roles and the Board • Short-Term Incentive Plan metrics, weightings, and target setting • Long-Term Incentive Plan mix of vehicles and related performance metrics • Compensation disclosure and other governance matters • Management-prepared materials and recommendations in advance of CGCN Committee meetings • Attendance at CGCN Committee meetings as requested The CGCN Committee considers, among other information, the advice provided by Mercer in making its executive compensation decisions; however, it may or may not follow Mercer’s advice in making such decisions. Any other services, not related to executive or director compensation, and recommendations provided by Mercer or its affiliates to the Company require approval from the Chair of the CGCN Committee. The CGCN Committee has considered the independence of Mercer and has not identified any conflicts of interests regarding their services or employees. Role of CEO and CHRO The CEO and CHRO support the CGCN Committee in fulfilling its executive compensation oversight responsibilities. The CEO and CHRO provide recommendations to the CGCN Committee on compensation decisions for all NEOs and senior executive