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


Luxembourg20 September 2023 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) (the “Company”) in accordance with the Oslo Børs rules, today announces the details of awards under its 2022 Long-Term Incentive Plan (the “Plan”) approved by the Board on 19 September 2023.

The Company will make awards of 1,450,400 performance shares, subject to the Plan’s performance conditions, on 19 September 2023.

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

NamePositionPerformance Shares AwardedTotal Performance Shares(¹)Total Owned SharesTotal Options
John EvansChief Executive Officer60,000239,099101,405Nil
Mark FoleyChief Financial Officer38,000110,000NilNil
Olivier BlaringhemEVP – Subsea & Conventional38,000148,13723,156Nil
Stuart FitzgeraldChief Executive Officer – Seaway 738,000149,80031,397Nil
Nathalie LouysGeneral Counsel 32,000131,44137,557Nil
Katherine Lyne EVP – Human Resources 30,000121,88420,673Nil
Phillip SimonsEVP – Projects & Operations38,000147,34313,451Nil
Marcelo Lopes XavierEVP – Strategy & Sustainability30,000102,1872,164Nil

¹Total performance shares held include the awards made in 2023 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.

*********************************************************************************Subsea7 is a global leader in the delivery of offshore projects and services for the evolving energy industry. We create 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 Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.

*********************************************************************************Contact for investment community enquiries:Katherine TonksInvestor Relations DirectorTel +44 (0)20 8210

This stock exchange release was published by William Vincent, Assistant Treasurer, Subsea7, on 20 September 2023 at 16:45 CET.


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