Subsea 7 announces significant share awards to key executives

Subsea 7 S.A. announced on September 24, 2025, details of share awards under its 2022 Long-Term Incentive Plan, which was approved by the board on the same date. The company will grant 1,500,000 performance shares, contingent on the plan's performance conditions.

Several primary insiders, including John Evans, chief executive officer, Mark Foley, chief financial officer, and Olivier Blaringhem, evp - subsea & conventional, received performance share awards. John Evans was awarded 42,000 performance shares, bringing his total performance shares to 241,742 and total owned shares to 116,625. Mark Foley received 31,500 performance shares, increasing his total performance shares to 162,293 and total owned shares to 4,108.

Other notable awards include 25,200 performance shares each to Olivier Blaringhem, Stuart Fitzgerald, chief executive officer - seaway 7, and Phillip Simons, evp - projects & operations. Nathalie Louys, general counsel, and Marcelo Lopes Xavier, evp - strategy & sustainability, received 22,400 and 21,000 performance shares, respectively. Katherine Lyne, evp - human resources, also received 21,000 performance shares. All primary insiders hold zero options, and the total performance shares reflect the maximum award assuming all performance conditions are met.