Enbridge Inc 8-K/A, filed Aug 4, 2023
Enbridge Inc (ENB)
About this 8-K/A
Enbridge Inc filed this 8-K/A on August 4, 2023, reporting on events of May 5, 2023.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
(Amendment No. 1)
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Explanatory Note
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On July 31, 2023, the Human Resources and Compensation Committee of the Board of Directors of the Corporation approved the compensation for Patrick R. Murray, who became Executive Vice President & Chief Financial Officer of the Corporation effective July 1, 2023. In his role as Executive Vice President & Chief Financial Officer, Mr. Murray will receive a base salary of C$735,000 and will be eligible to earn an annual discretionary bonus under Enbridge’s Short Term Incentive Plan, with a target of 100% of his base salary. Mr. Murray’s incentive target under Enbridge’s 2019 Long Term Incentive Plan (“LTIP”) will be 425% of his base salary. Mr. Murray will be granted performance stock units, restricted stock units and stock options with a grant value of C$711,037, C$237,012 and C$237,012, respectively, under Enbridge’s LTIP in respect of the increase to his 2023 long-term incentive target.
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: August 4, 2023 | By: | /s/ Karen K.L. Uehara | ||||
| Karen K.L. Uehara | ||||||
| Vice President, Corporate & Corporate Secretary | ||||||
| (Duly Authorized Officer) | ||||||