Subsea 7 S.A. announces details of share related awards
20 Septiembre 2023 - 9:45AM
Subsea 7 S.A. announces details of share related awards
Luxembourg – 20
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:
|
Name |
Position |
Performance Shares Awarded |
Total Performance Shares(¹) |
Total Owned Shares |
Total Options |
|
John Evans |
Chief Executive Officer |
60,000 |
239,099 |
101,405 |
Nil |
|
Mark Foley |
Chief Financial Officer |
38,000 |
110,000 |
Nil |
Nil |
|
Olivier Blaringhem |
EVP – Subsea & Conventional |
38,000 |
148,137 |
23,156 |
Nil |
|
Stuart Fitzgerald |
Chief Executive Officer – Seaway 7 |
38,000 |
149,800 |
31,397 |
Nil |
|
Nathalie Louys |
General Counsel |
32,000 |
131,441 |
37,557 |
Nil |
|
Katherine Lyne |
EVP – Human Resources |
30,000 |
121,884 |
20,673 |
Nil |
|
Phillip Simons |
EVP – Projects & Operations |
38,000 |
147,343 |
13,451 |
Nil |
|
Marcelo Lopes Xavier |
EVP – Strategy & Sustainability |
30,000 |
102,187 |
2,164 |
Nil |
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 5568ir@subsea7.com
This stock exchange release was published by William Vincent,
Assistant Treasurer, Subsea7, on 20 September 2023 at 16:45
CET.
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