Company: ENBSF
Filing Date: 2025-03-11
Form Type: 10-K/A
Source: 0001193125-25-052058
Chunk: 14

Company: ENBRIDGE INC
Filing Date: 2025-03-11
Form: 10-K/A
Chunk 14
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 Canada. We have provided information required by Items 6.B and 6.E.2 of Form 20-Fin the Circular. As a foreign private issuer in the United States we are not required to disclose executive compensation according to the requirements of Regulation S-Kthat apply to U.S. domestic issuers, and we are not otherwise required to adhere to the U.S. requirements relative to certain other proxy disclosures and requirements. Our executive compensation disclosure complies with Canadian requirements, which are, in many respects, substantially similar to U.S. rules.

Compensation committee interlocks and insider participation

During 2024, no two director nominees were members of the same board of directors of another public company.**

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Compensation discussion and analysis The following compensation discussion and analysis describes the 2024 compensation programs for our Named Executive Officers (“NEOs”). 2024 NEOs

| Gregory L. Ebel President & CEO                                                         |
| Patrick R. Murray Executive Vice President & Chief Financial Officer (“CFO”)            |
| Cynthia L. Hansen Executive Vice President & President, Gas Transmission & Midstream    |
| Colin K. Gruending Executive Vice President & President, Liquids Pipelines              |
| Reginald D. Hedgebeth1 Executive Vice President, External Affairs & Chief Legal Officer |

Executive summary The HRC Committee works on behalf of shareholders to ensure our executive compensation programs are aligned with performance, designed to retain top talent, and motivate Enbridge’s senior leaders to bring our vision, values and strategy to life. We are pleased to share our approach to executive compensation and highlight key accomplishments we considered in determining 2024 compensation awards for the executive leadership team. The decisions related to executive compensation are guided by our compensation philosophy and reflect our ongoing desire to drive sustainable growth and create long-term value, positioning us to be the first-choice energy delivery company for our customers, communities, shareholders and employees. Advancing strategic priorities At Enbridge, our commitment to a strong, growing dividend is a core component of our shareholder offering and that commitment bolsters the discipline we exercise across all capital allocation decisions we make. We prioritize attractive risk-adjusted investments in utility-like, highly predictable assets. In 2024, we added significant visibility to our growth outlook through the acquisition of three premier U.S. natural gas utilities, in addition to investing in vital infrastructure across our industry-leading footprint. We placed over $5 billion of assets into service in 2024 across a wide range of sectors and regions and added $