The standard bonus is awarded at 200%-350% of base salary if performance benchmarks are met. Simon earned a performance-based cash bonus of $3.18 million, paid on Aug. A Tilray spokesperson said the awards are subject to time-based vesting requirements and achievement of specific performance goals, including synergy goals and significant stock price appreciation targets.Īn additional $352,400 cash payment to Simon reflects “a rounding issue.”Īll together, Tilray’s CEO has been awarded at least $28.7 million in total compensation so far this calendar year.įor the five-month period ending May 31, Tilray said, the company’s median employee compensation was $15,061. The value of the equity grants was calculated using the closing price of the company’s shares on the grant date. Simon received the following one-time equity grants having an aggregate value as of the July 27, 2021, grant date equal to $15,000,000,” according to the proxy. “As additional incentive to entering into the employment agreement, on July 27, 2021, Mr. However, that figure does not include one-time equity grants awarded to Simon around the end of July – after the fiscal year ended. Simon’s total compensation for fiscal 2021 is listed at $13.7 million, consisting of salary, bonuses and “other” compensation, which includes a car allowance. The proxy outlines compensation for executives for the 2021 fiscal year ended May 31 as well as compensation awarded in the immediate months after that period. Simon was CEO of Aphria while helping engineer the merger with rival producer Tilray.
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