Oslo-listed Subsea 7 is dishing out performance-related stock options worth NOK 186.33m ($23.89m).
The company said options for 1.151m shares have been awarded to executives under its 2013 long-term incentive plan.
The shares are currently trading at NOK 123.40 each.
CEO Jean Cahuzac was handed 55,000 shares and now has 234,700 performance shares, 100,000 options and 96,000 actual shares.
CFO Ricardo Rosa received 32,000 options, while COO John Evans tucked away 40,000.
