Company: CGC
Filing Date: 2025-07-25
Form Type: PRE 14A
Source: 0001104659-25-070853
Chunk: 65

Company: Canopy Growth Corp
Filing Date: 2025-07-25
Form: PRE 14A
Chunk 65
---
 Fiscal 2025, Mr. Klein received a one-time equity grant valued at US$500,000, divided equally between Options and RSUs. The Options vest in full one year from the grant date, while the RSUs vest in full on June 15, 2025. Each of the Options granted has a six-year term, subject to earlier termination upon the occurrence of certain events related to termination of employment, as specified in the form of option agreement pursuant to which the Options were granted (the “ Option Grant Agreement ”). One-third of the Options become exercisable on each of the first, second and third anniversaries of the date of grant, subject to the terms of the Option Grant Agreement. The exercise price of each Option granted on June 10, 2024 is US$7.59. RSUs granted on June 10, 2024 vest in equal one-third installments on June 15, 2025, 2026, and 2027. Fiscal 2026 | Long Term Incentive Award Plan Design For Fiscal 2026, the CGCN Committee approved maintaining the same annual grant percentages for NEOs (salary X accrual percentage). However, as part of the CEO transition, the LTI target for the CEO role has been adjusted from 400% to 300% of salary, with an equal split between Stock Options (50%) and RSUs (50%), reflecting a more balanced approach to long-term incentives.

| ​ | ​ | Individual              | ​ | ​ | ​ | Total LTI Accrual(% of salary) | ​ | ​ | ​ | RSU(% of salary) | ​ | ​ | ​ | Stock Option(% of salary) | ​ | ​ |
| ​ | ​ | Luc Mongeau | CEO       | ​ | ​ | ​ | 300%                           | ​ | ​ | ​ | 150%             | ​ | ​ | ​ | 150%                      | ​ | ​ |
| ​ | ​ | Christelle Gedeon | CLO | ​ | ​ | ​ | 200%                           | ​ | ​ | ​ | 100%             | ​ | ​ | ​ | 100%                      | ​ | ​ |

Peer Groups and Compensation Benchmarking With the engagement of our executive compensation consultant Mercer, the CGCN Committee re-evaluated Canopy Growth’s publicly traded peer group in Fiscal 2023. We believe this peer group, with the adjustments noted below, reflects the current reality of Canopy