Pujol Henry L 4

What Happened

• Henry L. Pujol, Chief Accounting Officer of Royal Caribbean Cruises Ltd. (RCL), received equity awards that vested on Feb 10, 2026: 10,788 performance-share units and 569 restricted stock units (total 11,357 shares). To satisfy withholding for tax liabilities, the issuer withheld and disposed of 4,111 shares on Feb 10 at $345.40 ($1,419,960) and 91 shares on Feb 12 at $337.84 ($30,743), for total tax withholding proceeds of $1,450,703. The awards were granted under the company’s 2008 Equity Incentive Plan.

Key Details

• Transaction dates and prices:
  • 02/10/2026: Grant (A) — 10,788 performance-share units (priced $0 in Form 4 because these are awards).
  • 02/10/2026: Tax withholding (F) — 4,111 shares withheld/disposed @ $345.40 = $1,419,960.
  • 02/10/2026: Grant (A) — 569 restricted stock units.
  • 02/12/2026: Tax withholding (F) — 91 shares withheld/disposed @ $337.84 = $30,743.
• Total awards vested: 11,357 shares. Total shares withheld for taxes: 4,202 shares. Total tax withholding value: ~$1.45M.
• Footnotes: Performance shares and RSUs granted under the Royal Caribbean 2008 Equity Incentive Plan; withheld shares represent issuer withholding to cover tax liabilities on vesting (F2, F4).
• Filing: Reported Feb 12, 2026 for transactions on Feb 10 and Feb 12; this appears to be a timely Form 4 filing (within typical two-business-day requirement).

Context

• These were compensation-related equity awards (performance shares and RSUs) that vested; the sale/“disposition” items reflect standard employer withholding to satisfy taxes, not an open-market sale by the insider.
• Such withholding is routine and does not necessarily indicate the insider’s buying or selling sentiment.