Company: CGC
Filing Date: 2025-08-07
Form Type: DEF 14A
Source: 0001104659-25-075215
Chunk: 60

Company: Canopy Growth Corp
Filing Date: 2025-08-07
Form: DEF 14A
Chunk 60
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 for the CEO position has been reduced from 125% to 100% of base salary. This adjustment reflects a more conservative pay approach in response to the Company’s evolving business environment and increased focus on profitability. This modification underscores Canopy Growth’s commitment to aligning executive compensation with the new business size, managing costs, and maintaining a competitive yet disciplined incentive structure.

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TABLE OF CONTENTS

The threshold, target, and maximum awards for our NEOs are as follows:

| ​ | ​ | Individual               | ​ | ​ | ​ | Below Threshold(% of salary) | ​ | ​ | ​ | Target(% of salary) | ​ | ​ | ​ | Maximum(% of salary) | ​ | ​ |
| ​ | ​ | Luc Mongeau | CEO        | ​ | ​ | ​ | 0%                           | ​ | ​ | ​ | 100%                | ​ | ​ | ​ | 200%                 | ​ | ​ |
| ​ | ​ | Judy Hong | Former CFO   | ​ | ​ | ​ | 0%                           | ​ | ​ | ​ | 75%                 | ​ | ​ | ​ | 150%                 | ​ | ​ |
| ​ | ​ | Christelle Gedeon | CLO  | ​ | ​ | ​ | 0%                           | ​ | ​ | ​ | 75%                 | ​ | ​ | ​ | 150%                 | ​ | ​ |
| ​ | ​ | David Klein | Former CEO | ​ | ​ | ​ | 0%                           | ​ | ​ | ​ | 125%                | ​ | ​ | ​ | 250%                 | ​ | ​ |

Fiscal 2025 STIP Performance Criteria & Results Per the Company’s STIP initially adopted by the Board for the Company’s fiscal year ended March 31, 2021 (“ Fiscal 2021 ”), the performance of the Company’s executive leadership team, including the NEOs, was assessed based on predetermined criteria that were established and approved by the CGCN Committee at the beginning of the fiscal year. For Fiscal 2025, all NEOs were assessed against corporate and financial objectives, which were recommended and approved by the CGCN Committee. These objectives were weighted as outlined in the table below. In Fiscal 2025, the CGCN Committee approved a performance-based bonus for our NEOs, totaling 77.6% of the target. This outcome reflects both underperformance against financial metrics and superior performance on corporate objectives. Specifically