Norwegian Cruise Line EVP granted 90,252 RSUs

Norwegian Cruise Line Holdings Ltd. executive Patrik Dahlgren reported an acquisition of 90,252 shares of common stock through a restricted share unit award at a price of $0.00 per share, bringing his direct holdings to 235,069 shares.

Rhea-AI Filing Summary

Norwegian Cruise Line Holdings Ltd. executive Patrik Dahlgren reported an acquisition of 90,252 shares of common stock through a restricted share unit award at a price of $0.00 per share, bringing his direct holdings to 235,069 shares.

The award represents restricted share units granted on July 5, 2023 under the company’s Amended and Restated 2013 Performance Incentive Plan. The Compensation Committee determined the performance condition achievement level on February 24, 2026, and these units are scheduled to vest on March 1, 2026, with each unit delivering one share upon vesting.

Insider Trade Summary

Grant/Award: 90,252 shares

Grant/Award 1 txn

Insider Dahlgren Patrik

Role EVP, Chief Vessel Ops & NO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	90,252	$0.00	$0.00

Holdings After Transaction: Common Stock — 235,069 shares (Direct)

Footnotes (2)

1. F1. Each restricted share unit represents the contingent right to receive one share of Norwegian Cruise Line Holdings Ltd.'s ("NCLH") common stock upon vesting.
2. F2. Represents a grant of restricted share units under NCLH's Amended and Restated 2013 Performance Incentive Plan on July 5, 2023. The restricted share units were originally subject to performance hurdles. The Compensation Committee determined the performance condition achievement level on February 24, 2026, and the restricted share units will vest on March 1, 2026.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did NCLH report for Patrik Dahlgren on this Form 4?

Norwegian Cruise Line Holdings Ltd. reported that executive Patrik Dahlgren acquired 90,252 shares through a restricted share unit award at $0.00 per share. Following this transaction, his directly held common stock position increased to a total of 235,069 shares.

How many Norwegian Cruise Line (NCLH) shares does Patrik Dahlgren hold after the Form 4 transaction?

After the reported restricted share unit award, Patrik Dahlgren directly holds 235,069 shares of Norwegian Cruise Line common stock. This reflects the addition of 90,252 shares associated with the award reported in the filing, which carried a stated transaction price of $0.00 per share.

What type of equity award did Norwegian Cruise Line (NCLH) grant to Patrik Dahlgren?

The company granted Patrik Dahlgren restricted share units, each representing the right to receive one share of common stock upon vesting. The award involved 90,252 units and was issued under Norwegian Cruise Line’s Amended and Restated 2013 Performance Incentive Plan for executive compensation.

When were Patrik Dahlgren’s Norwegian Cruise Line (NCLH) restricted share units originally granted and under what plan?

The restricted share units tied to this Form 4 were originally granted on July 5, 2023. They were issued under Norwegian Cruise Line Holdings Ltd.’s Amended and Restated 2013 Performance Incentive Plan, which governs equity-based awards for eligible executives and employees.

When will Patrik Dahlgren’s NCLH restricted share units reported on this Form 4 vest?

The restricted share units reported will vest on March 1, 2026, following determination of the performance condition achievement level. Once vested, each of the 90,252 units converts into one share of Norwegian Cruise Line common stock, increasing his directly held share count.

What performance-related steps did Norwegian Cruise Line (NCLH) take regarding Patrik Dahlgren’s restricted share units?

The Compensation Committee determined the performance condition achievement level for the restricted share units on February 24, 2026. These units were originally subject to performance hurdles, and this determination confirmed the level of achievement required before vesting on March 1, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/25/2026 - 04:17 PM Learn about SEC filing dates

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^*

Dahlgren Patrik

(Last) (First) (Middle)

7665 CORPORATE CENTER DRIVE

(Street)

MIAMI FL 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)
	EVP, Chief Vessel Ops & NO

3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	02/24/2026		A		90,252(2)	A	$0	235,069	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Each restricted share unit represents the contingent right to receive one share of Norwegian Cruise Line Holdings Ltd.'s ("NCLH") common stock upon vesting.

2. Represents a grant of restricted share units under NCLH's Amended and Restated 2013 Performance Incentive Plan on July 5, 2023. The restricted share units were originally subject to performance hurdles. The Compensation Committee determined the performance condition achievement level on February 24, 2026, and the restricted share units will vest on March 1, 2026.

	/s/ Daniel S. Farkas, as attorney-in-fact for Patrik Dahlgren	02/25/2026
	** 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.