Bayley Michael W 4
4 · ROYAL CARIBBEAN CRUISES LTD · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
Royal Caribbean (RCL) CEO Michael W. Bayley Sells Shares
What Happened Michael W. Bayley, President & CEO of Royal Caribbean International, sold a total of 80,000 shares of Royal Caribbean Cruises Ltd. (RCL) in open-market transactions on February 13, 2026. The trades were executed in multiple blocks at prices ranging roughly from $322.34 to $332.33 per share, generating aggregate proceeds of approximately $26.15 million. These were outright sales (code S).
Key Details
- Transaction date: February 13, 2026 (all trades executed that day).
- Shares sold: 80,000 total across multiple trades.
- Price range: approximately $322.34 to $332.33 per share (weighted-average prices reported for grouped trades; see footnotes F1–F11).
- Proceeds: approx. $26,145,464 total.
- Shares owned after transaction: Not specified in the provided excerpt — see the Form 4 “Amount Owned Following Reported Transaction” field for post-sale holdings.
- Filing timeliness: Report filed the same day as the transactions (timely).
- Notable footnotes: The filing uses weighted-average prices for series of trades (F1–F11) and states the reporting person will provide full breakdown of shares sold at each price upon request.
Context
- These were open-market sales (dispositions). Sales can be routine (e.g., diversification or liquidity) and do not, by themselves, prove management views on company fundamentals; purchases are generally more informative about insider sentiment.
- No option exercises, grants, gifts, or 10b5-1 plan references were included in the provided summary. For full details (including exact per-trade prices, any tax-withholding sales, or plan-based sales), consult the complete Form 4 filing (Accession 0001492662-26-000006).
Insider Transaction Report
Form 4
Bayley Michael W
Pres&CEO, Royal Caribbean Intl
Transactions
- Sale
Common Stock
[F1]2026-02-13$322.66/sh−3,793$1,223,849→ 134,315 total - Sale
Common Stock
[F2]2026-02-13$323.40/sh−3,304$1,068,514→ 131,011 total - Sale
Common Stock
[F3]2026-02-13$324.61/sh−7,849$2,547,864→ 123,162 total - Sale
Common Stock
[F4]2026-02-13$325.55/sh−13,241$4,310,608→ 109,921 total - Sale
Common Stock
[F5]2026-02-13$326.57/sh−13,889$4,535,731→ 96,032 total - Sale
Common Stock
[F6]2026-02-13$327.46/sh−12,759$4,178,062→ 83,273 total - Sale
Common Stock
[F7]2026-02-13$328.47/sh−14,038$4,611,062→ 69,235 total - Sale
Common Stock
[F8]2026-02-13$329.49/sh−8,711$2,870,187→ 60,524 total - Sale
Common Stock
[F9]2026-02-13$330.40/sh−1,296$428,198→ 59,228 total - Sale
Common Stock
[F10]2026-02-13$331.36/sh−800$265,088→ 58,428 total - Sale
Common Stock
[F11]2026-02-13$332.19/sh−320$106,301→ 58,108 total
Footnotes (11)
- [F1]Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $322.34 to a high of $322.995. 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 separate price within the ranges set forth in footnotes 1 - 11 to this Form 4.
- [F10]Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $331.055 to a high of $331.71.
- [F11]Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $332.00 to a high of $332.33.
- [F2]Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $323.00 to a high of $323.97.
- [F3]Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $324.05 to a high of $324.99.
- [F4]Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $325.00 to a high of $325.99.
- [F5]Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $326.01 to a high of $326.97.
- [F6]Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $327.00 to a high of $327.97.
- [F7]Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $328.00 to a high of $328.97.
- [F8]Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $329.00 to a high of $329.74.
- [F9]Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $330.00 to a high of $330.96.
Signature
/s/ Indira Sordo, Attorney-in-Fact for Michael W. Bayley|2026-02-13