Company: ENBSF
Filing Date: 2025-03-11
Form Type: 10-K/A
Source: 0001193125-25-052058
Chunk: 32

Company: ENBRIDGE INC
Filing Date: 2025-03-11
Form: 10-K/A
Chunk 32
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| Energy Transfer LP                   |     | Sempra Energy                      |
| Enterprise Products Partners L.P.    |     | The Southern Company               |
| Kinder Morgan, Inc. Class P          |     | The Williams Companies, Inc.       |
| NextEra Energy, Inc.                 |     |                                    |

The mechanics of the 2024 PSU grant are illustrated below: Performance between the thresholds will result in a performance multiplier interpolated on a linear basis. 40

2022 performance stock unit payout The PSUs granted in February 2022 have a performance period that ended December 31, 2024. The HRC Committee approved the 2022 PSU grant payout with an overall performance multiplier result of 1.0x based on exceeding our three-year DCF per share compound growth targets (2.0x), and compared our TSR to a Board approved performance peer group, which delivered a relative weighted TSR in the 23 rdpercentile over the three-year term (0.0x).

|           |     | Multiplier1 |     | DCF per share compound growth2 |     | Multiplier1 |     | TSR                         |
| Threshold |     | 0.5x        |     | 2.5%                           |     | 0.0x        |     | at or below 25th percentile |
| Target    |     | 1.0x        |     | 4.0%                           |     | 1.0x        |     | at median                   |
| Maximum   |     | 2.0x        |     | 5.0%                           |     | 2.0x        |     | at or above 75th percentile |
| Actual    |     | 2.0x        |     | 6.0%                           |     | 0.0x        |     | 23rd percentile             |

| 1 | Performance between the thresholds in this table results in a performance multiplier calculated on a linear basis. |

| 2 | Adjusted DCF per share is based on operating cash flows and is a non-GAAP measure, which 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. |

The performance outcome resulted in the following cash payouts in