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

·2 min read

Luxembourg – 20 September 2022 - 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 20 September 2022.

The Company will make awards of 1,397,000 performance shares, subject to the Plan’s performance conditions, on 20 September 2022.

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

242,215

92,481

Nil

Mark Foley

Chief Financial Officer

32,000

72,000

Nil

Nil

Olivier Blaringhem

EVP – Subsea & Conventional

35,000

145,530

18,590

Nil

Phillip Simons

EVP – Projects & Operations

35,000

140,530

9,264

Nil

Nathalie Louys

General Counsel

32,000

129,518

33,073

Nil

Katherine Lyne

EVP – Human Resources

30,000

116,747

17,694

Nil

Marcelo Lopes Xavier

EVP – Strategy & Sustainability

30,000

91,902

Nil

Nil

¹Total performance shares held include the awards made in 2022 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.

*********************************************************************************
Subsea 7 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.

Subsea 7 is listed on the Oslo Bors (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.
*********************************************************************************
Contact for investment community enquiries:
Katherine Tonks
Head of Investor Relations
Tel +44-20-8210-5568
ir@subsea7.com
www.subsea7.com

 

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