Norwegian Cruise Line grants 8,912 RSUs to director

COHEN JONATHAN Z reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

COHEN JONATHAN Z reported acquisition or exercise transactions in this Form 4 filing.

Norwegian Cruise Line Holdings Ltd. director Jonathan Z. Cohen received a grant of 8,912 restricted share units, each representing one share of common stock upon vesting. The award was granted at no cash cost and will vest in a single installment on January 4, 2027, leaving him with 8,912 shares/units reported as directly owned after the transaction.

Insider Trade Summary

Grant/Award: 8,912 shares

Grant/Award 1 txn

Insider COHEN JONATHAN Z

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	8,912	$0.00	$0.00

Holdings After Transaction: Common Stock — 8,912 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. The restricted share units will vest in one installment on January 4, 2027.

Key Figures

RSUs granted: 8,912 units Grant price: $0.00 per unit Post-transaction holdings: 8,912 shares/units +1 more

4 metrics

RSUs granted 8,912 units Restricted share units granted to director on April 13, 2026

Grant price $0.00 per unit Equity compensation, no cash paid by director

Post-transaction holdings 8,912 shares/units Total directly owned after reported grant

Vesting date January 4, 2027 RSUs vest in one installment on this date

Key Terms

restricted share unit, Amended and Restated 2013 Performance Incentive Plan, vesting

3 terms

restricted share unit financial

"Each restricted share unit represents the contingent right to receive one share"

A restricted share unit (RSU) is a promise by a company to give an employee a set number of company shares at a future date, typically after meeting time or performance conditions. For investors, RSUs matter because when they convert into actual shares they increase the number of shares outstanding (like unlocking more tickets in a game), which can dilute existing holders, and they align employee incentives with company performance, influencing behavior and long-term value.

Amended and Restated 2013 Performance Incentive Plan financial

"Represents a grant of restricted share units under NCLH's Amended and Restated 2013 Performance Incentive Plan"

An amended and restated 2013 performance incentive plan is a company compensation program that was originally created in 2013 and has since been updated and rewritten to replace the older version. It sets out how employees and executives can earn pay tied to meeting specific performance targets (like sales, profit, or stock goals); investors care because it affects how future pay is awarded, potential share dilution, and whether management’s incentives align with shareholder interests—think of it as a revised game rulebook for rewarding results.

vesting financial

"The restricted share units will vest in one installment on January 4, 2027"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

FAQ

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

What did Norwegian Cruise Line (NCLH) director Jonathan Z. Cohen receive in this Form 4?

Jonathan Z. Cohen received 8,912 restricted share units from Norwegian Cruise Line. Each unit represents the right to receive one share of common stock upon vesting, reflecting equity-based compensation rather than a cash transaction or open-market share purchase.

How many Norwegian Cruise Line (NCLH) shares are tied to Cohen’s new equity grant?

The grant covers 8,912 restricted share units, each equivalent to one share of Norwegian Cruise Line common stock. Once vested, these units can settle in an equal number of shares, aligning Cohen’s compensation with future company performance and share value.

When do Jonathan Z. Cohen’s Norwegian Cruise Line restricted share units vest?

The 8,912 restricted share units granted to Jonathan Z. Cohen will vest in one installment on January 4, 2027. Vesting means he becomes entitled to receive the underlying common shares, subject to any continued service or other plan conditions.

Did Jonathan Z. Cohen buy Norwegian Cruise Line (NCLH) shares in the market?

No, the filing shows an equity award, not an open-market purchase. Cohen received 8,912 restricted share units at a reported price of $0.00 per share as part of compensation, rather than paying cash to buy existing Norwegian Cruise Line shares.

How many Norwegian Cruise Line (NCLH) shares does Cohen report owning after this grant?

After the reported transaction, Jonathan Z. Cohen shows 8,912 shares or share-linked units as directly owned. This reflects the new restricted share unit award and indicates his reported direct equity stake tied to Norwegian Cruise Line following the grant.

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

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Accepted by SEC EDGAR 04/14/2026 - 04:15 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^*

COHEN JONATHAN Z

(Last) (First) (Middle)

7665 CORPORATE CENTER DRIVE

(Street)

MIAMI FLORIDA 33126

(City) (State) (Zip)

UNITED STATES

(Country)

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/13/2026

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

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

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

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)	04/13/2026		A		8,912(2)	A	$0	8,912	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. The restricted share units will vest in one installment on January 4, 2027.

	/s/ Daniel S. Farkas, as attorney-in-fact for Jonathan Z. Cohen	04/14/2026
	** 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.
* Form 4: SEC 1474 (03-26)