Company: ENBSF
Filing Date: 2025-03-11
Form Type: 10-K/A
Source: 0001193125-25-052058
Chunk: 33

Company: ENBRIDGE INC
Filing Date: 2025-03-11
Form: 10-K/A
Chunk 33
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 early 2024:

| Executive1         |     | PSUs    
 granted 
 (#)     |        |     | + |     | Notionally 
 reinvested 
 dividends  
 (#)        |       |     | = |     | Total 
 PSUs  
 (#)   |        |     | x |     | Performance 
 multiplier  |     | x |     |  Final 
  share 
 price2 
    ($) |     | = |     | Payout 
 ($)    |           |
| Patrick. R. Murray |     |         |  8,700 |     | + |     |            | 1,834 |     | = |     |       | 10,534 |     | x |     | 1.0x        |     | x |     |  63.64 |     | = |     |        |   670,384 |
| Cynthia L. Hansen  |     |         | 32,020 |     | + |     |            | 6,749 |     | = |     |       | 38,769 |     | x |     | 1.0x        |     | x |     |  63.64 |     | = |     |        | 2,467,321 |
| Colin K. Gruending |     |         | 30,990 |     | + |     |            | 6,532 |     | = |     |       | 37,522 |     | x |     | 1.0x        |     | x |     |  63.64 |     | = |     |        | 2,387,954 |

| 1 | Mr. Ebel and Mr. Hedgebeth did not receive PSUs granted in February 2022 because they were not serving as executives at that time. |

Restricted stock units RSUs are granted annually, in the first quarter of the year, and vest after three years. These awards are settled in Enbridge shares at the end of the term. The final settlement price at the end of the term is the volume weighted average trading price of Enbridge shares on the TSX or NYSE for the last 20 trading days before the end of the term. Incentive stock options ISOs provide executives an opportunity to buy Enbridge shares at some point in the future at the exercise price defined at the time of grant. ISOs are typically granted annually, in the first quarter