You did a great job describing it.
Sorry, I've got more questions. Do you mean the heart rate information in Health? Or do you mean the notifications you get. The notifications, according to Apple, should look like the picture in this support article.
https://support.apple.com/en-us/120276
I keep trying to post a screenshot from my Health app but the forums are wonky today. Of the three notificatioins I can see on the High Heart Rate Notifications page in Health, two are from October 2025 and one is from June 2025, well before watchOS 12. They all show a range:
Oct 21, 2025 1:46PM 120-125 BPM
Oct 21, 2025 1:16PM 119-126 BPM
Jun 4, 2025 9:07AM 118-128 BPM
I've got data going back to 2017 and it's always a range.