Subsea 7 S.A. announces details of share related awards

In This Article:

Luxembourg – 18 September 2024 - Subsea 7 S.A. (Oslo B?rs: SUBC, ADR: SUBCY) (the “Company”) in accordance with the Oslo B?rs rules, today announces the details of awards under its 2022 Long-Term Incentive Plan (the “Plan”) approved by the Board on 17 September 2024.

The Company will make awards of 1,500,000 performance shares, subject to the Plan’s performance conditions, on 17 September 2024.

The following Primary Insiders were awarded performance shares under the Plan and subsequently hold the following shares and options:

Name

Position

Performance Shares Awarded

Total Performance Shares(1)

Total Owned Shares

Total Options

John Evans

Chief Executive Officer

60,000

234,836

108,937

Nil

Mark Foley

Chief Financial Officer

45,000

155,000

Nil

Nil

Olivier Blaringhem

EVP – Subsea & Conventional

36,000

146,822

21,019

Nil

Stuart Fitzgerald

Chief Executive Officer – Seaway 7

36,000

146,822

36,119

Nil

Nathalie Louys

General Counsel

32,000

128,258

24,170

Nil

Katherine Lyne

EVP – Human Resources

30,000

122,015

13,244

Nil

Phillip Simons

EVP – Projects & Operations

36,000

146,419

8,968

Nil

Marcelo Lopes Xavier

EVP – Strategy & Sustainability

30,000

109,451

5,592

Nil

1Total performance shares held include the awards made in 2024 and represent the maximum award due to vest assuming all performance conditions are met.

This message is submitted on behalf of Subsea 7 S.A., as well as the named Primary Insiders.

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Subsea7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry’s partner and employer of choice in delivering the efficient offshore solutions the world needs.

Subsea7 is listed on the Oslo B?rs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.

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Contact for investment community enquiries:
Katherine Tonks
Investor Relations Director
Tel +44 (0)20 8210 5568
[email protected]

This stock exchange release was published by Katherine Tonks, Investor Relations, Subsea7, on 18 September 2024 at 1140 CET.

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