Lake Robert Alexander 4

What Happened
Lake Robert Alexander, SVP, Chief Legal Officer, Secretary & CCO of Royal Caribbean Cruises Ltd. (RCL), had equity awards vest and the company withheld shares to cover the related tax liabilities. On 2026-02-10 he was issued 28,767 shares underlying performance-share awards and 11,319 of those shares were withheld/disposed at $345.40 for proceeds of $3,909,639. On 2026-02-12 he was issued 1,743 shares underlying restricted stock units and 267 of those were withheld/disposed at $337.84 for proceeds of $90,203. The grants themselves were recorded at $0.00 (typical for vesting of performance shares/RSUs).

Key Details

• Transaction dates and prices: 02/10/2026 — 11,319 shares withheld at $345.40 (proceeds $3,909,639); 02/12/2026 — 267 shares withheld at $337.84 (proceeds $90,203). Grants recorded at $0.00 for 28,767 (performance shares) and 1,743 (RSUs).
• Net shares retained from these grants (granted minus withheld): 30,510 granted − 11,586 withheld = 18,924 shares delivered to the reporting person.
• Footnotes: F1 = performance shares under the 2008 Equity Incentive Plan; F3 = restricted stock units under the same plan; F2/F4 = issuer withheld shares to cover the reporting person’s tax liabilities on 02/10/2026 and 02/12/2026.
• Filing: Form 4 filed 02/12/2026 reporting transactions on 02/10 and 02/12; appears timely (filed within the standard Form 4 window).
• Transaction codes: A = Award/Grant; F = Payment of exercise price or tax liability (share withholding).

Context
These transactions are routine post-vesting tax-withholding events for equity awards (not open-market sales). The withheld/disposed shares were used solely to satisfy tax obligations associated with vested performance shares and RSUs — a common administrative step that does not, by itself, indicate a discretionary executive sale.