Pujol Henry L 4

What Happened
Henry L. Pujol, Chief Accounting Officer of Royal Caribbean Cruises Ltd (RCL), disposed of a total of 472 shares between Feb 7–9, 2026 as payment to cover exercise price or tax liabilities related to equity awards. The sales were: 156 shares at $338.60 on Feb 7 ($52,822), 120 shares at $338.60 on Feb 8 ($40,632), and 196 shares at $345.40 on Feb 9 ($67,699). Aggregate proceeds were approximately $161,153.

Key Details

• Transaction dates and amounts:
  • 2026-02-07: 156 shares @ $338.60 = $52,822
  • 2026-02-08: 120 shares @ $338.60 = $40,632
  • 2026-02-09: 196 shares @ $345.40 = $67,699
• Total shares disposed: 472; total value ≈ $161,153.
• Transaction code: F — Payment of exercise price or tax liability (i.e., shares withheld/used to cover taxes or exercise costs).
• Shares owned after the transactions: not specified in the provided data.
• Filing: Form 4 filed Feb 10, 2026 for transactions on Feb 7–9 — appears to be timely.

Context
Code F typically indicates shares were used to satisfy tax withholding or exercise costs (a cashless or share-withholding settlement), which is a routine administrative step following option exercises or vesting. Such withholding sales are common and do not necessarily reflect the insider’s view of the company; outright open-market purchases tend to be more informative about insider sentiment.