Bayley Michael W 4

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).