Company: CGC
Filing Date: 2025-07-25
Form Type: PRE 14A
Source: 0001104659-25-070853
Chunk: 63

Company: Canopy Growth Corp
Filing Date: 2025-07-25
Form: PRE 14A
Chunk 63
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(0.5x)                    | ​ | ​ | ​ |      -675,000 | ​ | ​ |
| ​ | ​ | Target(1x)                         | ​ | ​ | ​ |      -450,000 | ​ | ​ |
| ​ | ​ | Maximum(1.5x)                      | ​ | ​ | ​ |      -123,000 | ​ | ​ |
| ​ | ​ | FY23 – 25 Grant Achievement        | ​ | ​ | ​ |          103% | ​ | ​ |

Fiscal 2025 | Long Term Incentive Award Grant Issuance All NEOs who were employed by the Company at the start of Fiscal 2025 participated in the Company’s LTIP. Initially adopted by the Board for Fiscal 2021 and further amended September of 2023, the Company’s leadership team, including the NEOs, receive annual LTI grants. As specified above in the section “D. Klein (Former CEO) Compensation Updates” , for Fiscal 2025, Mr. Klein’s annual grant consisted of 75% Options and 25% RSUs, while his one-time equity award reflected 50% Options and 50% RSUs. Both awards were granted on June 10, 2024. Ms. Hong and Dr. Gedeon’s annual grants consisted of 50% Options and 50% RSUs, and were granted on June 10, 2024. Mr. Mongeau was granted 14,360 RSUs on June 10, 2024 in alignment with his compensation package for serving on the Board. These RSU awards vest in equal tranches on the last trading day of the fiscal quarter. As part of the Mongeau Agreement, for assuming the role of CEO, Mr. Mongeau was granted a sign-on award of 225,000 Options (exercise price of US$2.43) and 50,000 RSUs on February 11, 2025, following the end of the Company’s quarterly financial blackout period. These awards vest in equal one-third installments on the first, second, and third anniversaries of the grant date, being February 11, 2026, 2027, and 2028. The following table shows the LTI awards granted to our NEOs for Fiscal 2025.

| ​ | ​             | Individual               | ​ | ​ |       ​ | Grant Date    | ​ | ​ |