Company: CGC
Filing Date: 2025-07-25
Form Type: PRE 14A
Source: 0001104659-25-070853
Chunk: 58

Company: Canopy Growth Corp
Filing Date: 2025-07-25
Form: PRE 14A
Chunk 58
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 | C$975,000                       | ​ | ​ | ​ | -       | ​ | ​ |
| ​ | ​ | Judy Hong         | ​ | ​ | ​ | US$           | ​ | ​ | ​ | US$415,000                    | ​ | ​ | ​ | US$415,000                      | ​ | ​ | ​ | -       | ​ | ​ |
| ​ | ​ | Christelle Gedeon | ​ | ​ | ​ | C$            | ​ | ​ | ​ | C$535,000                     | ​ | ​ | ​ | C$535,000                       | ​ | ​ | ​ | -       | ​ | ​ |
| ​ | ​ | David Klein       | ​ | ​ | ​ | US$           | ​ | ​ | ​ | US$975,000                    | ​ | ​ | ​ | US$750,000(2)                   | ​ | ​ | ​ | -23%    | ​ | ​ |

(1) For NEOs compensated in Canadian dollars, base salary is presented in C$. U.S. dollar equivalents can be converted using the average exchange rate of C$1.00 = US$0.6951 for Fiscal 2025, and C$1.00 = US$0.7386 for Fiscal 2024, as set forth above under “Executive Compensation – Currency Conversion.” (2) Effective June 8, 2024, Mr. Klein’s base salary was adjusted from US$975,000 to US$750,000, aligning with the 50th percentile of our U.S.-based peer group. This adjustment was disclosed in the Fiscal 2024 CD&A. Effective April 1, 2025, Mr. Klein’s salary has decreased to US$5,000 per month (US$60,000 annually) as part of his employment agreement through August 31, 2025. Short-Term Incentives All NEOs who were employed by the Company at the end of Fiscal 2025, participated in the Company’s short-term incentive plan (the “ STIP ”) which provides an annual cash incentive based on performance relative to defined financial and individual objectives. The STIP is a leveraged bonus design, where executives may earn between 0% and 200% of the target bonus opportunity (“ target ”), which is defined as a percentage of base salary for each executive. Plan Design For our NEOs, the STIP is linked to a combination of corporate financial