Liberty Jason T 4
4 · ROYAL CARIBBEAN CRUISES LTD · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
Royal Caribbean (RCL) CEO Jason Liberty Receives Awards; Shares Withheld
What Happened
Jason T. Liberty, President & CEO of Royal Caribbean Cruises Ltd. (RCL), had performance shares and restricted stock units vest. On 2026-02-10 he was credited with 275,686 performance-share awards and 20,565 RSUs (total 296,251 shares acquired at $0.00). To cover tax liabilities, the issuer withheld 108,481 shares on 02/10 at $345.40 (proceeds/value $37,469,880) and withheld an additional 2,818 shares on 02/12 at $337.84 (value $952,033). Net of withholding, Liberty received approximately 184,952 shares from these vestings.
Key Details
- Transaction dates and amounts:
- 02/10/2026: Award of 275,686 performance-share equivalents (F1); 108,481 shares withheld at $345.40 (F2) — $37,469,880.
- 02/10/2026: Award of 20,565 RSUs (F3).
- 02/12/2026: 2,818 RSU shares withheld at $337.84 (F4) — $952,033.
- Total awarded: 296,251 shares; total withheld/disposed: 111,299 shares; net shares received ≈ 184,952.
- Shares owned after transaction: Not specified in this filing.
- Footnotes: Awards pursuant to the Royal Caribbean Cruises Ltd. 2008 Equity Incentive Plan; withholdings (code F) represent shares retained by the issuer to satisfy tax obligations on vesting.
- Filing timeliness: Report filed 02/12/2026 for transactions dated 02/10–02/12/2026 — appears timely (Form 4 typically due within two business days).
Context
These transactions are award vestings and tax-withholding actions, not open-market sales. Withholding to cover taxes (code F) is routine when performance shares/RSUs vest and does not necessarily indicate any change in the insider’s market view. The disclosed values reflect the shares withheld to satisfy tax liabilities (about $38.4M total).
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-10+275,686→ 400,466 total - Tax Payment
Common Stock
[F2]2026-02-10$345.40/sh−108,481$37,469,880→ 291,985 total - Award
Common Stock
[F3]2026-02-10+20,565→ 312,550 total - Tax Payment
Common Stock
[F4]2026-02-12$337.84/sh−2,818$952,033→ 309,732 total
Footnotes (4)
- [F1]Represents shares of common stock underlying performance shares granted pursuant to the Royal Caribbean Cruises Ltd. 2008 Equity Incentive Plan, as amended.
- [F2]Represents the number of shares of common stock withheld by the issuer to cover the reporting person's tax liability associated with the vesting of shares underlying certain performance shares on 02/10/2026.
- [F3]Represents shares of common stock underlying restricted stock units granted pursuant to the Royal Caribbean Cruises Ltd. 2008 Equity Incentive Plan, as amended.
- [F4]Represents the number of shares of common stock withheld by the issuer to cover the reporting person's tax liability associated with the vesting of shares underlying certain restricted stock units on 02/12/2026.