NCLH (NYSE: NCLH) executive has shares withheld to cover RSU taxes

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Form Type

Rhea-AI Filing Summary

Norwegian Cruise Line Holdings Ltd. executive Jason Montague reported a tax-related share disposition. On the vesting of 17,463 restricted share units granted on March 3, 2025, 4,313 shares of common stock were withheld by NCLH to cover tax obligations. Following this, Montague directly holds 48,078 shares and indirectly holds 13,400 shares through a trust.

Insider Trade Summary

Net Seller: 4,313 shares

Net Sell 2 txns

Insider Montague Jason

Role Chief Luxury Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	4,313	$24.79	$107K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 48,078 shares (Direct); Common Stock — 13,400 shares (Indirect, By Trust)

Footnotes (1)

F1. Represents shares withheld by NCLH to satisfy tax withholding obligations in connection with the vesting of 17,463 restricted share units granted to the reporting person on March 3, 2025.

FAQ

What insider transaction did NCLH executive Jason Montague report on this Form 4?

Jason Montague reported a tax-related share disposition. NCLH withheld 4,313 shares of common stock to satisfy tax obligations when 17,463 restricted share units vested, rather than executing an open-market sale of these shares.

How many Norwegian Cruise Line (NCLH) shares were withheld for taxes from Jason Montague?

NCLH withheld 4,313 common shares from Jason Montague. These shares were used to satisfy tax withholding obligations triggered by the vesting of 17,463 restricted share units granted to him on March 3, 2025, according to the filing footnote.

How many NCLH shares does Jason Montague own directly after this Form 4 transaction?

After the reported tax-withholding disposition, Jason Montague directly owns 48,078 NCLH common shares. This figure reflects his direct ownership position following the withholding of 4,313 shares to cover taxes on the vesting restricted share units.

What indirect NCLH shareholding does Jason Montague report by trust?

Jason Montague reports indirect ownership of 13,400 NCLH common shares held "By Trust." This holding is classified as indirect ownership on the Form 4 and is separate from his directly held 48,078 common shares after the tax-related share withholding.

Was Jason Montague’s NCLH Form 4 transaction an open-market sale?

The Form 4 identifies the disposition as a tax-withholding event, not an open-market sale. Shares were withheld by NCLH to pay tax liabilities arising from the vesting of 17,463 restricted share units previously granted to Jason Montague.

What does transaction code F mean in Jason Montague’s NCLH Form 4?

Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this filing, 4,313 NCLH shares were withheld to satisfy Montague’s tax obligations when his previously granted restricted share units vested.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 03/03/2026 - 04:17 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Montague Jason

(Last)

(First)

(Middle)

7665 CORPORATE CENTER DRIVE

(Street)

MIAMI

33126

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Norwegian Cruise Line Holdings Ltd. [ NCLH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Luxury Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock⁽¹⁾	03/01/2026		F		4,313	D	$24.79	48,078	D
Common Stock								13,400	I	By Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents shares withheld by NCLH to satisfy tax withholding obligations in connection with the vesting of 17,463 restricted share units granted to the reporting person on March 3, 2025.

	/s/ Daniel S. Farkas, as attorney-in-fact for Jason Montague	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR