Enbridge sets incoming CEO base salary at US$1.2M

Michele Harradence will participate in Enbridge’s senior management pension plan, a non-contributory defined benefit plan, and receive temporary housing in Calgary.

Available on EDGAR 11/06/2026 - 07:11 AM EST Accepted by SEC EDGAR 11/06/2026 - 07:10 AM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Enbridge Inc. approved compensation for Michele Harradence, who will become President and Chief Executive Officer effective January 1, 2027. Her base salary will be US$1,200,000, with a 150% base-salary target under the Short Term Incentive Plan and an 850% base-salary target under the 2019 Long Term Incentive Plan, split 60% performance stock units, 20% restricted stock units and 20% incentive stock options.

Greg Ebel will continue as an employee in an advisory capacity from January 1 through May 7, 2027, receiving his current annualized base salary pro rata, with transition support through 2027.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Key Figures

Michele Harradence base salary: US$1,200,000 Short Term Incentive Plan target: 150% of base salary 2019 Long Term Incentive Plan target: 850% of base salary +3 more

6 metrics

Michele Harradence base salary US$1,200,000 As President and Chief Executive Officer

Short Term Incentive Plan target 150% of base salary Annual discretionary bonus target

2019 Long Term Incentive Plan target 850% of base salary Incentive target

Performance stock units allocation 60% Share of the long-term incentive target

Restricted stock units allocation 20% Share of the long-term incentive target

Incentive stock options allocation 20% Share of the long-term incentive target

Key Terms

Short Term Incentive Plan, performance stock units, restricted stock units, incentive stock options, +1 more

5 terms

Short Term Incentive Plan financial

"annual discretionary bonus under Enbridge’s Short Term Incentive Plan"

performance stock units financial

"60% split among performance stock units"

Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.

restricted stock units financial

"20% split among ... restricted stock units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

incentive stock options financial

"20% split among ... incentive stock options"

Incentive stock options are a type of employee stock option that gives eligible workers the right to buy company shares at a fixed price later on, often below future market value. They matter to investors because they align employee incentives with company performance, can dilute existing ownership when exercised, and create potential tax advantages for option holders if certain holding-time rules are met — think of them as a coupon to buy stock at today’s price with extra tax rules attached.

non-contributory defined benefit plan financial

"senior management pension plan, a non-contributory defined benefit plan"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What compensation will Michele Harradence receive as ENB CEO?

Her base salary will be US$1,200,000. She will be eligible for an annual discretionary bonus under the Short Term Incentive Plan with a target of 150% of base salary, and her 2019 Long Term Incentive Plan target will be 850% of base salary.

How long will Greg Ebel serve as an adviser to ENB?

Greg Ebel will continue as an Enbridge employee in an advisory capacity from January 1, 2027, through May 7, 2027. He will receive office, administrative, information technology and tax preparation support through the remainder of 2027 for transition purposes.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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false 0000895728 Canada Alberta Canada 0000895728 2026-09-07 2026-09-07 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K/A

(Amendment No. 1) 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): September 7, 2026

ENBRIDGE INC.

(Exact Name of Registrant as Specified in Charter)

Canada	001-15254	98-0377957
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

200, 425 - 1st Street S.W.

Calgary, Alberta, Canada T2P 3L8

(Address of Principal Executive Offices) (Zip Code)

1-403-231-3900

(Registrant’s telephone number, including area code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Shares		ENB		New York Stock Exchange

Explanatory Note

This Amendment No. 1 to the Current Report on Form 8-K (this “Amendment”) amends and supplements Item 5.02 of Enbridge Inc.’s ("Enbridge” or the “Corporation”) Current Report on Form 8-K filed on September 8, 2026 (the “Original Form 8-K”) to disclose compensation arrangements approved in connection with the Corporation’s previously announced CEO transition. This Amendment should be read in conjunction with the Original Form 8-K. Except as set forth below, the Original Form 8-K remains unchanged.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On November 4, 2026, the Board of Directors (“Board”) of the Corporation approved the compensation for Michele Harradence, currently Executive Vice President and President, Gas Distribution and Storage of the Corporation, who will succeed Greg Ebel as President and Chief Executive Officer of the Corporation effective January 1, 2027. In her role as President and Chief Executive Officer, Ms. Harradence will receive a base salary of US$1,200,000 and will be eligible to earn an annual discretionary bonus under Enbridge’s Short Term Incentive Plan, with a target of 150% of her base salary. Ms. Harradence’s incentive target under Enbridge’s 2019 Long Term Incentive Plan will be 850% of her base salary, with a 60%/20%/20% split among performance stock units, restricted stock units and incentive stock options, respectively. Ms. Harradence will also participate in Enbridge’s senior management pension plan, a non-contributory defined benefit plan. In addition, Enbridge will provide Ms. Harradence with housing in Calgary on a temporary basis.

The Board has also approved compensation for Mr. Ebel, who will continue as an Enbridge employee in an advisory capacity from January 1, 2027 through May 7, 2027. Mr. Ebel will receive his current annualized base salary pro rata for such period. Mr. Ebel will receive office, administrative, information technology and tax preparation support through the remainder of 2027 for transition purposes.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	ENBRIDGE INC. (Registrant)
Date: November 6, 2026	By:	/s/  David Taniguchi
		David Taniguchi Vice President, Legal & Corporate Secretary (Duly Authorized Officer)

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 2.9 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 33.4 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 21.8 KB