Company: ENBSF
Filing Date: 2025-03-11
Form Type: 10-K/A
Source: 0001193125-25-052058
Chunk: 41

Company: ENBRIDGE INC
Filing Date: 2025-03-11
Form: 10-K/A
Chunk 41
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-settled RSUs provided to Mr. Hedgebeth upon hire. |

| b | PSUs and share-settled RSUs provided to Mr. Murray upon his promotion to Executive Vice President & CFO in respect of the increase to his new medium-term incentive targets. |

| c | Share-settled RSUs provided to Ms. Hansen and Mr. Gruending. |

49

| 3 | The amounts in this column represent the grant date fair value of stock option awards granted to each of the NEOs, calculated in accordance with FASB ASC Topic 718. The value of the ISOs granted is determined by multiplying the number of ISOs granted by the stock option value. The grant date fair value of stock option awards is measured using the Black-Scholes option-pricing model, based on the following assumptions: |

|                         |     | February 2024 |     |         |    |     |         |     |     | August 2023a |     |         |    |     | February 2023 |     |         |    |     |         |     |     | February 2022 |     |         |    |     |         |     |
| Assumptions             |     |               |     |         | C$ |     |         | US$ |     |              |     |         | C$ |     |               |     |         | C$ |     |         | US$ |     |               |     |         | C$ |     |         | US$ |
| Expected option term    |     |               |     | 6 years |    |     | 6 years |     |     |              |     | 6 years |    |     |               |     | 6 years |    |     | 6 years |     |     |               |     | 6 years |    |     | 6 years |     |
| Expected volatility     |     |               |     | 19.772% |    |     | 22.925% |     |     |              |     | 20.967% |    |     |               |     | 20.860% |    |     | 23.501% |     |     |               |     | 20.971% |    |     | 23.589% |     |
| Expected dividend yield |     |               |     |  8.108% |    |     |  8.108%