Brock John 4
Research Summary
AI-generated summary
Royal Caribbean (RCL) Director John Brock Receives RSU Award
What Happened
- John Brock, a director of Royal Caribbean Cruises Ltd. (RCL), was granted 831 restricted stock units (RSUs) on 2026-05-28 and, on the same date, 78 shares were withheld by the issuer to cover his tax liability in connection with RSU vesting. The 78 withheld shares were reported as disposed at $276.62 each for a reported total of $21,576.
Key Details
- Transaction date: 2026-05-28 (Form filed 2026-05-29; no late filing indicated).
- Withholding: 78 shares withheld at $276.62 per share — reported proceeds/value $21,576 (footnote F1: withholding to cover tax liability on RSU vesting).
- Grant: 831 RSUs reported as granted (price shown $0 on Form 4 as an award) (footnote F2: RSUs vest the earlier of May 28, 2027 or the issuer’s 2027 Annual Meeting).
- Shares owned after the transactions: not disclosed in the provided filing excerpt.
- Transaction codes: A = award/grant (RSUs); F = tax withholding (share withholding to cover taxes).
Context
- The 831-item entry is an RSU grant (an award) — not an open-market purchase — so no cash was paid by Brock at grant; the Form 4 records the award as $0. Using the $276.62 price shown for the withheld shares as a reference, the 831 RSUs would have an implied market value of roughly $229,871 at that price, though the filing does not state a dollar value for the grant itself.
- The 78-share disposition is a routine tax-withholding event (common when equity awards vest) and does not necessarily signal a voluntary sale or change in sentiment.