BETHGE LAURA H 4

What Happened

• Laura H. Bethge, President of Celebrity Cruises (a division of Royal Caribbean Cruises Ltd., RCL), had 267 shares of RCL common stock withheld to satisfy tax liability related to the vesting of restricted stock units. The shares were valued at $284.23 each, for a total value of $75,888. This was a tax-withholding/share-surrender transaction tied to RSU vesting — not an open-market sale driven by a discretionary decision to liquidate.

Key Details

• Transaction date: 2026-06-01
• Price per share: $284.23; Shares withheld/disposed: 267; Total value: $75,888
• Transaction code: F (payment of exercise price or tax liability / share withholding)
• Footnote: F1 — shares were withheld by the issuer to cover the reporting person's tax liability on RSUs that vested 06/01/2026
• Shares owned after the transaction: not specified in the filing
• Filing date: 2026-06-03 (filed within the standard two-business-day Form 4 reporting window — timely)

Context

• This is a routine tax-withholding event following RSU vesting (a common practice where the company retains/surrenders shares to cover taxes). Such withholding is classified as a disposition on Form 4 but does not necessarily reflect the insider’s view of the company’s prospects. Purchases (which can indicate bullish sentiment) are generally more informative than withholding/sales for interpreting insider sentiment.