Canopy Growth (CGC) CEO granted RSUs, options and disposes shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Canopy Growth Corp Chief Executive Officer Luc Mongeau reported a mix of equity compensation grants and a share disposition. He received 1,056,152 common shares in the form of restricted stock units (RSUs), which vest in three equal installments on June 15, 2027, June 15, 2028 and June 15, 2029. He was also granted stock options for 1,291,139 common shares with a conversion price of $0.99 per share, vesting in three equal annual installments on the first, second and third anniversaries of June 17, 2026 and expiring on June 17, 2032. On the same date, 135,231 common shares were disposed of at $0.9741 per share in connection with tax obligations arising from the vesting of RSUs granted on June 3, 2025. Following these transactions, Mongeau directly holds 1,859,144 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 135,231 shares ($131,729)
Net Sell
3 txns
Insider
Mongeau Luc
Role
Chief Executive Officer
Sold
135,231 shs ($132K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option | 1,291,139 | $0.00 | -- |
| Grant/Award | Common Shares | 1,056,152 | $0.00 | -- |
| Sale | Common Shares | 135,231 | $0.9741 | $132K |
Holdings After Transaction:
Stock Option — 1,291,139 shares (Direct, null);
Common Shares — 1,859,144 shares (Direct, null)
Footnotes (1)
- The shares reported herein were granted on June 17, 2026, in the form of restricted stock units ("RSUs"). These RSUs vest in three equal installments on June 15, 2027, June 15, 2028 and June 15, 2029. The shares reported as disposed herein were granted on June 3, 2025 in the form of RSUs. The disposition of shares is associated with tax obligations of the reporting person associated with the vesting of the RSUs. The options vest in three equal, annual installments on the first, second and third anniversaries of the grant date of June 17, 2026.
Key Figures
RSU grant: 1,056,152 shares
Stock option grant: 1,291,139 options
Share disposition: 135,231 shares
+3 more
6 metrics
RSU grant
1,056,152 shares
RSUs vesting on June 15, 2027, 2028 and 2029
Stock option grant
1,291,139 options
Exercise price $0.99; expire June 17, 2032
Share disposition
135,231 shares
Disposed at $0.9741 per share on June 17, 2026
Shares held after transactions
1,859,144 shares
Direct common share holdings after June 17, 2026 transactions
Option exercise price
$0.99 per share
Conversion or exercise price for new stock options
Share disposition price
$0.9741 per share
Price for 135,231 common shares disposed
Key Terms
restricted stock units ("RSUs"), Stock Option, vesting, tax obligations, +1 more
5 terms
restricted stock units ("RSUs") financial
"The shares reported herein were granted on June 17, 2026, in the form of restricted stock units ("RSUs")."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Stock Option financial
"security_title": "Stock Option""
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
vesting financial
"These RSUs vest in three equal installments on June 15, 2027, June 15, 2028 and June 15, 2029."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
tax obligations financial
"The disposition of shares is associated with tax obligations of the reporting person associated with the vesting of the RSUs."
expiration date financial
"The options vest in three equal, annual installments ... and third anniversaries of the grant date of June 17, 2026."
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
What equity awards did Canopy Growth (CGC) CEO Luc Mongeau receive?
Luc Mongeau received 1,056,152 restricted stock units and 1,291,139 stock options. The RSUs vest in three installments from June 2027 to June 2029, while the options vest over three years and carry a $0.99 exercise price, expiring in June 2032.
How do the new RSUs for Canopy Growth CEO Luc Mongeau vest?
The 1,056,152 RSUs granted to Luc Mongeau vest in three equal installments. Vesting dates are June 15, 2027, June 15, 2028 and June 15, 2029, meaning the award is spread over three years to align ongoing compensation with long-term company performance.
What are the key terms of Luc Mongeau’s new Canopy Growth stock options?
Luc Mongeau’s stock options cover 1,291,139 common shares at a $0.99 exercise price. They vest in three equal annual installments starting one year after June 17, 2026, and expire on June 17, 2032, providing long-term equity-based compensation.