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

Company: ENBRIDGE INC
Filing Date: 2025-03-11
Form: 10-K/A
Chunk 25
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 the 2024 compensation peer group.

| 1 | U.S. company information has been converted to Canadian dollars at variable rates throughout the year. |

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Aligning President & CEO pay with performance Enbridge is committed to aligning President & CEO pay with company performance and TSR, consistent with the rigorous pay-for-performancephilosophy embedded in our compensation programs and aligned with the interests of Enbridge shareholders. We place a substantial portion of pay at risk, linked to performance goals that strongly incent our executive team to manage the Company in the best long-term interests of the Company and our shareholders. We strongly believe that President & CEO pay should correspond to the performance of the Company, and that relationship should align appropriately relative to our compensation peers, based on the same pay-for-performancemeasures. We analyze this relationship over a multi-year period to smooth effects of short-term fluctuations and to better identify long-term performance and market trends. The HRC Committee reviews key performance indicators, including our TSR, relative to our compensation peer group, and annually performs a comparative analysis of the President & CEO’s grant date fair value (“GDFV”) pay and realizable pay. GDFV pay represents the total amount disclosed in the summary compensation table, excluding the amounts in the pension value and all other compensation columns. Realizable pay represents salary and non-equityincentive plan compensation as disclosed in the summary compensation table and the current market value of unvested or unearned medium- and long-term incentive awards using the 2024 year-endshare price. In our most recent analysis, we compared the relationship between Enbridge’s percentile rank of President & CEO pay and TSR performance over the past three years, relative to our compensation peer group on the same basis. Enbridge has a strong correlation between President & CEO pay and performance relative to our compensation peers. Enbridge’s placement within the highlighted bands in the charts below indicates that our President & CEO pay outcomes are aligned with actual company performance results and shareholder expectations.

GDFV pay 1

| The analysis indicated that Enbridge’s President & CEO GDFV pay was positioned at the 42nd percentile and our TSR was positioned at the 47th percentile. |

Realizable pay 2

| The analysis indicated that Enbridge’s President & CEO realizable pay was positioned at the 47th percentile and our TSR was positioned at the 47th percentile. |

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2024 business performance

| Priorities |     |                                                      |     | Actions