Holtz Naftali 4
4 · ROYAL CARIBBEAN CRUISES LTD · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
Royal Caribbean (RCL) CFO Naftali Holtz Sells Shares to Cover Taxes
What Happened
- Naftali Holtz, Chief Financial Officer of Royal Caribbean Cruises Ltd. (RCL), disposed of 3,421 shares in a series of transactions to satisfy exercise/tax withholding obligations. The disposals occurred Feb 7–9, 2026 and generated approximately $1,170,410 in proceeds (detailed below). These were tax-withholding/cashless-type transactions (Form 4 code F), not open-market sales intended as investment decisions.
Key Details
- Transactions:
- 2026-02-07: 438 shares at $338.60 — $148,307
- 2026-02-08: 1,211 shares at $338.60 — $410,045
- 2026-02-09: 1,772 shares at $345.40 — $612,058
- Total disposed: 3,421 shares for ~$1,170,410.
- Footnote: Includes 87 shares acquired under the issuer's Employee Stock Purchase Plan (ESPP).
- Filing: Form 4 was filed 2026-02-10 (covers transactions through Feb 9); the filing lists these disposals as tax/exercise-related (code F). The report does not specify post-transaction total holdings in the excerpt provided.
Context
- Code F indicates shares were surrendered/withheld to satisfy payment of the exercise price or tax withholding — effectively a cashless/tax-withholding mechanism associated with share awards or option/ESPP activity. Such transactions are routine administrative steps and do not necessarily signal a change in the insider’s view of the company.
Insider Transaction Report
Form 4
Holtz Naftali
Chief Financial Officer
Transactions
- Tax Payment
Common Stock
[F1]2026-02-07$338.60/sh−438$148,307→ 41,475 total - Tax Payment
Common Stock
2026-02-08$338.60/sh−1,211$410,045→ 40,264 total - Tax Payment
Common Stock
2026-02-09$345.40/sh−1,772$612,058→ 38,492 total
Footnotes (1)
- [F1]Includes 87 shares acquired under the Issuer's Employee Stock Purchase Plan.
Signature
/s/ Indira Sordo, Attorney-in-Fact for Naftali Holtz|2026-02-10