Norwegian Cruise Line (NCLH) awards 54,862 RSUs to officer Patrik Dahlgren

Rhea-AI Filing Summary

Dahlgren Patrik reported acquisition or exercise transactions in this Form 4 filing.

Norwegian Cruise Line Holdings Ltd. reported that officer Patrik Dahlgren received a grant of 54,862 shares of common stock as restricted share units valued at $20.05 per share. This is a compensation-related award, not an open-market purchase.

Following the grant, Dahlgren directly holds 240,528 common shares. The restricted share units will vest in three equal installments on March 1, 2027, March 1, 2028, and March 1, 2029, aligning his compensation with longer-term company performance.

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

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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)
	See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
03/06/2026

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)	03/06/2026		A		54,862	A	$20.05	240,528	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. Represents a grant of restricted share units under NCLH's Amended and Restated 2013 Performance Incentive Plan. The restricted share units will vest in three equal installments on March 1, 2027, March 1, 2028 and March 1, 2029.

Remarks:

EVP, Chief Vessel Ops & Newbuild Officer

	/s/ Daniel S. Farkas, as attorney-in-fact for Patrik Dahlgren	03/10/2026
	** 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.

FAQ

What insider transaction did Norwegian Cruise Line (NCLH) report for Patrik Dahlgren?

Norwegian Cruise Line reported that officer Patrik Dahlgren received a grant of 54,862 restricted share units of common stock. The award is compensation-related, not an open-market share purchase, and is issued under the company’s Amended and Restated 2013 Performance Incentive Plan.

At what share value were Patrik Dahlgren’s restricted units in NCLH recorded?

The 54,862 restricted share units granted to Patrik Dahlgren were recorded at $20.05 per share. This value reflects the grant’s reference price on the transaction date and does not represent cash paid by Dahlgren, since this is an equity compensation award.

How many Norwegian Cruise Line shares does Patrik Dahlgren hold after this Form 4 transaction?

After the grant of restricted share units, Patrik Dahlgren directly holds 240,528 shares of Norwegian Cruise Line common stock. This total includes the newly awarded units and shows his ongoing equity exposure to the company’s future performance and share price movements.

How do the restricted share units granted to Patrik Dahlgren vest at NCLH?

The restricted share units granted to Patrik Dahlgren vest in three equal installments on March 1, 2027, March 1, 2028, and March 1, 2029. This staggered schedule encourages retention and ties his compensation to Norwegian Cruise Line’s long-term operating and stock performance.

Is Patrik Dahlgren’s NCLH Form 4 transaction a stock purchase or compensation award?

The Form 4 transaction is a compensation award, not a stock purchase. It reflects a grant of restricted share units under Norwegian Cruise Line’s performance incentive plan, meaning Dahlgren did not buy the shares in the open market but received them as part of his pay package.