Subsea 7 S.A. Announces Share Awards Under Long-Term Incentive Plan

Subsea 7 S.A., a global leader in the delivery of offshore projects and services for the evolving energy industry, has announced details of share-related awards under its 2022 Long-Term Incentive Plan (the "Plan"). The company, listed on the Oslo Børs (Oslo Stock Exchange) under the ticker SUBC, made awards of 826,231 performance shares on September 23, 2026, subject to the terms of the Plan. These awards are part of the company’s broader strategy to align the interests of its employees with those of its shareholders, thereby enhancing long-term value creation.

The awards were made to a number of Primary Insiders, including the company’s CEO and other key executives. The total number of performance shares awarded represents the maximum award due to vest, assuming all performance conditions are met. The awards will vest over a specified period, contingent upon the achievement of certain performance targets related to the company's financial and operational performance.

Subsea 7 S.A. is a Luxembourg-based company that has been at the forefront of the offshore energy sector, providing innovative solutions to clients across the globe. The company's commitment to sustainability and innovation is reflected in its awards program, which aims to motivate and reward employees who contribute to the company's success and long-term growth.

The announcement of these awards underscores Subsea 7 S.A.'s continued dedication to its employees and its commitment to creating sustainable value for shareholders. As the company moves forward, these awards will play a crucial role in aligning the interests of its workforce with those of its shareholders, ensuring that the company remains a leader in the offshore energy sector.