BETHGE LAURA H 4

What Happened
Laura H. Bethge, President of Celebrity Cruises (a unit of Royal Caribbean Cruises Ltd., RCL), surrendered a total of 1,905 shares to satisfy tax liabilities associated with option exercises. The disposals occurred over three dates and totaled roughly $651,354 in value:

• 317 shares @ $338.60 on 2026-02-07 = $107,336
• 659 shares @ $338.60 on 2026-02-08 = $223,137
• 929 shares @ $345.40 on 2026-02-09 = $320,881

This filing shows shares were surrendered to cover taxes (transaction code F), not an open-market investment purchase.

Key Details

• Transaction dates and per-share prices: 2026-02-07 (317 @ $338.60), 2026-02-08 (659 @ $338.60), 2026-02-09 (929 @ $345.40).
• Total shares surrendered: 1,905; total value ≈ $651,354.
• Transaction code F = payment of exercise price or tax liability (i.e., shares withheld/surrendered to cover taxes).
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Filing date: 2026-02-10 (no lateness flag indicated in the provided data).

Context
This appears to be a routine sell-to-cover (tax withholding) following option exercises — common when executives exercise equity awards and surrender some shares to meet tax obligations. Such transactions are administrative and do not necessarily signal a change in the insider’s view of the company. Purchases or open-market sales typically carry more interpretive weight for retail investors.