Company: ENBSF
Filing Date: 2025-03-11
Form Type: 10-K/A
Source: 0001193125-25-052058
Chunk: 22

Company: ENBRIDGE INC
Filing Date: 2025-03-11
Form: 10-K/A
Chunk 22
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 other disposition of our securities by our directors, officers (including the NEOs), employees and contractors, as well as by Enbridge itself, that are reasonably designed to promote compliance with insider trading laws, rules and regulations and NYSE and TSX listing standards. We also maintain Disclosure Guidelines, which prohibit the Company from issuing securities or offering

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securities to the public during a blackout period (subject to specific circumstances outlines in the policy). Our Insider Trading Guidelines also prohibit directors, officers, employees and contractors from purchasing financial instruments that are designed to hedge or offset a decrease in the market value of equity securities granted as compensation or held, directly or indirectly, by such directors, officers, employees and contractors, as such positions may weaken the link between the intended alignment of director and employee interests with shareholder interests. The following activities are specifically prohibited:

| • |     | speculating in securities of Enbridge and its reporting issuer subsidiaries |

| • |     | “short-selling” securities of Enbridge and its reporting issuer subsidiaries (i.e. selling securities that the individual does not own) |

| • |     | purchasing or selling call or put options or other derivatives relating to securities of Enbridge and its reporting issuer subsidiaries |

| • |     | entering into any other financial transaction that is designed to hedge or offset any decrease in the market value of the securities of Enbridge and its reporting issuer subsidiaries |

Clawback policies Enbridge maintains two incentive compensation clawback policies. The Incentive Compensation Clawback Policy allows Enbridge to recover, from current and former members of senior management, certain incentive compensation amounts awarded or paid to individuals including all cash bonuses and equity based incentive awards if the individuals engaged in misconduct (defined to include fraud or willful misconduct) that led to inaccurate financial results reporting, regardless of whether the misconduct resulted in a restatement of all or a part of Enbridge’s financial statements. The Clawback Policy for the Mandatory Recovery of Erroneously Awarded Incentive-Based Compensation, requires Enbridge (subject to certain exceptions) to recover erroneously awarded incentive-based compensation received by covered executive officers in the event that Enbridge is required to prepare an accounting restatement due to the material noncompliance with any financial reporting requirement under applicable securities laws. Annual decision-making process Compensation decisions are guided by our compensation philosophy and principles as described on page 24. The following illustration provides an overview of our annual process for determining and assessing compensation for the President & CEO and other NEOs. 28

Compensation elements Enbridge’s compensation