BETHGE LAURA H 4
4 · ROYAL CARIBBEAN CRUISES LTD · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
RCL President Laura Bethge Receives Awards; Shares Withheld for Taxes
What Happened
Laura H. Bethge, President of Celebrity Cruises (a subsidiary of Royal Caribbean Cruises Ltd.), received equity awards that vested and were recorded on Feb 10, 2026 (performance shares and restricted stock units). The filing shows grants of 31,646 performance-share equivalents and 3,336 restricted stock units (both recorded at $0.00). To satisfy tax withholding on the vesting, the issuer withheld 12,451 shares on Feb 10 (valued at $345.40 each, $4,300,638) and 570 shares on Feb 12 (valued at $337.84 each, $192,569), for a combined withholding of about $4,493,207. These withholding transactions are recorded under Form 4 code F (tax withholding/payment).
Key Details
- Transaction dates and values:
- 2026-02-10: Award of 31,646 performance-share units (grant, $0.00) and withholding of 12,451 shares at $345.40 each ($4,300,638) to cover taxes.
- 2026-02-10: Award of 3,336 restricted stock units (grant, $0.00).
- 2026-02-12: Withholding of 570 shares at $337.84 each ($192,569) to cover taxes.
- Shares owned after the transactions: Not stated in the provided filing.
- Footnotes: Awards are under the Royal Caribbean Cruises Ltd. 2008 Equity Incentive Plan. Footnotes indicate the 02/10 items are performance shares (F1,F2) and the 02/12 items relate to restricted stock units (F3,F4) and associated tax withholding.
- Filing timeliness: Report filed 2026-02-12 for transactions reported 02-10/02-12 — appears timely (Form 4 is generally due within two business days).
Context
These entries reflect equity vesting and employer share-withholding to satisfy tax obligations (a common, administrative step), not open-market sales. The withheld shares are treated as dispositions for tax purposes but do not necessarily indicate a personal decision to sell shares on the market. The key takeaway for investors: Bethge received compensation in the form of performance shares and RSUs, and the company withheld a portion of the vested shares to cover payroll/tax liabilities (total withheld ≈ $4.49M).
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-10+31,646→ 50,325 total - Tax Payment
Common Stock
[F2]2026-02-10$345.40/sh−12,451$4,300,638→ 37,874 total - Award
Common Stock
[F3]2026-02-10+3,336→ 41,210 total - Tax Payment
Common Stock
[F4]2026-02-12$337.84/sh−570$192,569→ 40,640 total
- 87(indirect: By Spouse)
Common Stock
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.