Company: ENBSF
Filing Date: 2025-03-11
Form Type: 10-K/A
Source: 0001193125-25-052058
Chunk: 29

Company: ENBRIDGE INC
Filing Date: 2025-03-11
Form: 10-K/A
Chunk 29
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 Liquids Pipelines 156%   •  Gas Transmission & Midstream 153%                                                                                                                                                                                         |     |        |

| Above target (> 1.25 multiplier)   |
| On target (1.00 - 1.25 multiplier) |

| 1 | DCF per share is a non-GAAP measure; this measure is defined and reconciled in the Non-GAAP and other financial measures section of Appendix B. For incentive compensation purposes, adjusted DCF per share also includes certain adjustments for events or circumstances not contemplated at the time the performance metrics were originally established – see the Non-GAAP and other financial measures section of Appendix B. |

| 2 | Central Functions scorecard is the weighted average of EBITDA of all business units. |

| 3 | All percentages or specific goals regarding inclusion are aspirational goals which we intend to achieve in a manner compliant with state, local, provincial and federal law, including but not limited to, executive orders, US federal regulations, the Equal Employment Opportunity Commission and the Department of Labor guidance. |

36

Short-term incentive award breakdown and calculations The following illustrates the two components of STIP, weighted 85% on the Enbridge scorecard with variability of business unit financial performance and 15% on individual performance, tied to goals that align to our strategic plan. Actual STIP awards are earned between 0-200%of the target award based on achievement of the applicable performance components. Calculated STIP outcomes for each NEO, as shown below, are determined using the Enbridge scorecard result, which will differ by each business unit EBITDA result, and individual amounts, which are differentiated based on individual actions and contributions that align to our strategic plan. Mr. Ebel’s individual performance is discussed with the Board and approved by the HRC Committee, taking into consideration the Company’s financial and strategic priorities. All other NEOs achievements are reviewed by the President & CEO and based on meeting specific individual and/or team goals. See the 2024 accomplishments for each NEO described under “Executive profiles” starting on page 42.

| Executive             |     | Base salary ($)1 |     | STIP target (%) |     |     Target 
 award ($)1 |     |   Enbridge 
  scorecard 
 award ($)1 |   |     |   Individual 
 award ($)1,6 |     |     Actual 
 award ($)1 |     | Payout as a % of 
 target           |
| Gregory L. Ebel