Company: CGC
Filing Date: 2025-08-07
Form Type: DEF 14A
Source: 0001104659-25-075215
Chunk: 67

Company: Canopy Growth Corp
Filing Date: 2025-08-07
Form: DEF 14A
Chunk 67
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-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 Growth and the cannabis industry and the companies we compete with for talent. In Fiscal 2023, the CGCN Committee approved the use of two distinct groups of publicly-traded peers to inform the setting of target total direct compensation levels for NEOs. The first group includes similarly-sized Canadian consumer-focused industry comparators, including cannabis companies, while the second group includes similarly-sized U.S. CPG and also includes companies in the cannabis industry. These groups include organizations that the Company would potentially compete with for talent. The criteria used to select the peer