LEAVITT MICHAEL O 4

What Happened

• Michael O. Leavitt, a director of Royal Caribbean Cruises Ltd. (RCL), was granted 831 restricted stock units (RSUs) on 2026-05-28 (reported 2026-05-29).
• The issuer withheld 78 shares to satisfy the reporting person's tax liability related to the vesting/award; those 78 shares were treated as disposed at $276.62 per share for a total of $21,576. The RSU grant is reported at $0 acquisition price because it is an award, not a cash purchase.

Key Details

• Transaction dates: 05/28/2026 (grant and tax-withholding). Filing date: 05/29/2026 (timely).
• Withheld shares: 78 shares at $276.62 = $21,576 (tax withholding/disposition code F).
• RSU grant: 831 shares (award code A), acquisition value shown as $0.
• Vesting terms (footnote): RSUs vest the earlier of May 28, 2027, or the date of the issuer’s 2027 Annual Meeting of Shareholders.
• Shares owned after the transaction: not specified in this filing.
• No indication of a 10b5-1 plan, option exercise, or open-market purchase in this report.

Context

• RSU grants are a common form of compensation for executives and directors; tax withholding (share surrender) to cover related tax liabilities is routine and does not by itself indicate a buy or sell intent.
• This filing reports an award and routine tax-related withholding rather than an open-market purchase or sale, so it should be interpreted as compensation-related rather than a direct insider investment signal.