Wilhelmsen Arne Alexander 4
4 · ROYAL CARIBBEAN CRUISES LTD · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
Royal Caribbean (RCL) Director Arne Wilhelmsen Sells Shares
What Happened
Director Wilhelmsen Arne Alexander (via AWILHELMSEN AS) sold a total of 771,607 shares of Royal Caribbean Cruises Ltd. (RCL) in multiple open‑market transactions executed Feb 25–27, 2026, generating aggregate proceeds of approximately $243.6 million. Trades were executed in many blocks; largest single blocks included 156,628 shares at $318.64 ($49.9M), 152,515 shares at $310.78 ($47.4M), and 106,947 shares at $317.71 ($34.0M). Prices across the series ranged roughly from $310.00 to $320.96 per share.
Key Details
- Transaction dates: Feb 25, 26 and 27, 2026 (multiple open-market sales by AWILHELMSEN AS).
- Total sold: 771,607 shares for about $243,570,580.
- Price range: approximately $310.00 – $320.96 per share (weighted-average prices reported; detailed per-trade ranges provided in footnotes F1–F19).
- Shares owned after transactions: footnote F20 reports AWILHELMSEN AS holds 12,400,651 shares and AWILHELMSEN ASSET MANAGEMENT AS holds 4,035,259 shares (AWILHELMSEN AS has power to vote/dispose of the latter). The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.
- Notable footnotes: several footnotes (F1–F19) state the reported prices are weighted averages for series of trades and provide the low/high ranges per day; the filer offers to provide full price-by-trade details on request (SEC staff or RCL security holder).
- Filing timeliness: Form 4 filed Feb 27, 2026, covering trades Feb 25–27 — no indication in the filing of a late (L) filing.
Context
These were outright open‑market sales (dispositions), which are common for insiders to manage holdings or liquidity; sales generally convey less direct insight into management’s view of future stock performance than purchases. The trades were executed by an entity (AWILHELMSEN AS) connected to the reporting person; the filing disclaims direct beneficial ownership beyond pecuniary interest.
Insider Transaction Report
Form 4
Wilhelmsen Arne Alexander
Director
Transactions
- Sale
Common Stock
[F1]2026-02-25$313.01/sh−42,240$13,221,542→ 17,165,277 total(indirect: See Footnote) - Sale
Common Stock
[F2]2026-02-25$314.11/sh−13,271$4,168,554→ 17,152,006 total(indirect: See Footnote) - Sale
Common Stock
[F3]2026-02-25$315.16/sh−9,724$3,064,616→ 17,142,282 total(indirect: See Footnote) - Sale
Common Stock
[F4]2026-02-25$316.24/sh−24,360$7,703,606→ 17,117,922 total(indirect: See Footnote) - Sale
Common Stock
[F5]2026-02-25$317.33/sh−42,351$13,439,243→ 17,075,571 total(indirect: See Footnote) - Sale
Common Stock
[F6]2026-02-25$318.08/sh−33,418$10,629,597→ 17,042,153 total(indirect: See Footnote) - Sale
Common Stock
[F7]2026-02-25$318.87/sh−4,637$1,478,600→ 17,037,516 total(indirect: See Footnote) - Sale
Common Stock
[F8]2026-02-25$320.04/sh−104$33,284→ 17,037,412 total(indirect: See Footnote) - Sale
Common Stock
[F9]2026-02-26$315.62/sh−7,271$2,294,873→ 17,030,141 total(indirect: See Footnote) - Sale
Common Stock
[F10]2026-02-26$316.92/sh−20,617$6,533,940→ 17,009,524 total(indirect: See Footnote) - Sale
Common Stock
[F11]2026-02-26$317.71/sh−106,947$33,978,131→ 16,902,577 total(indirect: See Footnote) - Sale
Common Stock
[F12]2026-02-26$318.64/sh−156,628$49,907,946→ 16,745,949 total(indirect: See Footnote) - Sale
Common Stock
[F13]2026-02-26$319.54/sh−50,784$16,227,519→ 16,695,165 total(indirect: See Footnote) - Sale
Common Stock
[F14]2026-02-26$320.35/sh−13,779$4,414,103→ 16,681,386 total(indirect: See Footnote) - Sale
Common Stock
[F15]2026-02-27$310.78/sh−152,515$47,398,612→ 16,528,871 total(indirect: See Footnote) - Sale
Common Stock
[F16]2026-02-27$311.22/sh−21,280$6,622,762→ 16,507,591 total(indirect: See Footnote) - Sale
Common Stock
[F17]2026-02-27$312.53/sh−31,560$9,863,447→ 16,476,031 total(indirect: See Footnote) - Sale
Common Stock
[F18]2026-02-27$313.48/sh−25,910$8,122,267→ 16,450,121 total(indirect: See Footnote) - Sale
Common Stock
[F19][F20]2026-02-27$314.40/sh−14,211$4,467,938→ 16,435,910 total(indirect: See Footnote)
Holdings
- 7,689
Common Stock
Footnotes (20)
- [F1]Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 25, 2026. The actual sale prices ranged from a low of $312.70 to a high of $313.698. The reporting person undertakes to provide upon request of the SEC Staff or a Royal Caribbean Cruises Ltd. security holder full information regarding the number of shares sold at each price within the ranges set forth in footnotes 1 - 19 to this Form 4.
- [F10]Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 26, 2026. The actual sale prices ranged from a low of $316.12 to a high of $317.11.
- [F11]Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 26, 2026. The actual sale prices ranged from a low of $317.1189 to a high of $318.1149.
- [F12]Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 26, 2026. The actual sale prices ranged from a low of $318.115 to a high of $319.11.
- [F13]Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 26, 2026. The actual sale prices ranged from a low of $319.115 to a high of $320.11.
- [F14]Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 26, 2026. The actual sale prices ranged from a low of $320.135 to a high of $320.9625.
- [F15]Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 27, 2026. The actual sale prices ranged from a low of $310.00 to a high of $310.9981.
- [F16]Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 27, 2026. The actual sale prices ranged from a low of $311.00 to a high of $311.9975.
- [F17]Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 27, 2026. The actual sale prices ranged from a low of $312.00 to a high of $312.99.
- [F18]Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 27, 2026. The actual sale prices ranged from a low of $313.00 to a high of $313.99.
- [F19]Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 27, 2026. The actual sale prices ranged from a low of $314.00 to a high of $314.87.
- [F2]Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 25, 2026. The actual sale prices ranged from a low of $313.7043 to a high of $314.64.
- [F20]This includes 12,400,651 shares of RCL stock owned by AWILHELMSEN AS and 4,035,259 shares of RCL stock owned by AWILHELMSEN ASSET MANAGEMENT AS. AWILHELMSEN AS has the power to vote and dispose of the shares owned by AWILHELMSEN ASSET MANAGEMENT AS pursuant to an agreement between the parties. The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.
- [F3]Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 25, 2026. The actual sale prices ranged from a low of $314.74 to a high of $315.65.
- [F4]Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 25, 2026. The actual sale prices ranged from a low of $315.715 to a high of $316.68.
- [F5]Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 25, 2026. The actual sale prices ranged from a low of $316.73 to a high of $317.69.
- [F6]Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 25, 2026. The actual sale prices ranged from a low of $317.70 to a high of $318.6902.
- [F7]Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 25, 2026. The actual sale prices ranged from a low of $318.70 to a high of $319.63.
- [F8]Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 25, 2026. The actual sale prices ranged from a low of $319.8235 to a high of $320.5788.
- [F9]Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 26, 2026. The actual sale prices ranged from a low of $315.115 to a high of $316.11.
Signature
/s/ Indira Sordo, Attorney-in-Fact for Arne Alexander Wilhelmsen|2026-02-27