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  4. [Form 4] Norwegian Cruise Line Holdings Ltd. Insider Trading Activity

Jason Montague of Norwegian Cruise Line (NCLH) receives major stock grant

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Montague Jason reported acquisition or exercise transactions in this Form 4 filing.

Norwegian Cruise Line Holdings granted Chief Luxury Officer Jason Montague 54,862 shares of common stock in the form of restricted share units at a reference price of $20.05 per share. This is a compensation-related equity award rather than an open-market purchase.

After the grant, Montague holds 102,940 shares directly and 13,400 shares indirectly through a trust. The restricted share units are scheduled to vest in three equal installments on March 1, 2027, March 1, 2028 and March 1, 2029, aligning his compensation with longer-term company performance.

Positive

  • None.

Negative

  • None.
Insider Montague Jason
Role Chief Luxury Officer
Type Security Shares Price Value
Grant/Award Common Stock 54,862 $20.05 $1.10M
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 102,940 shares (Direct); Common Stock — 13,400 shares (Indirect, By Trust)
Footnotes (1)
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Form 4 Insider Transactions: What Each Field Means →
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 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)
Chief Luxury Officer
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 $20.05 102,940 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)
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.
/s/ Daniel S. Farkas, as attorney-in-fact for Jason Montague 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Jason Montague report in this NCLH Form 4 filing?

Jason Montague reported receiving 54,862 restricted share units of Norwegian Cruise Line Holdings common stock as compensation. The award increases his direct ownership and is structured to vest over several years, aligning incentives with longer-term company performance.

Is the NCLH Form 4 transaction a share purchase or a grant?

The Form 4 transaction is a grant of restricted share units, not an open-market share purchase. These units were awarded as part of compensation and will convert into shares over time as vesting conditions are satisfied.

How many NCLH shares does Jason Montague hold after this Form 4?

After the reported grant, Jason Montague holds 102,940 Norwegian Cruise Line Holdings shares directly and 13,400 shares indirectly through a trust. This reflects his updated ownership position following the new restricted share unit award.

When do Jason Montague’s new NCLH restricted share units vest?

The restricted share units vest in three equal installments on March 1, 2027, March 1, 2028 and March 1, 2029. This staggered schedule encourages longer-term alignment between Montague’s compensation and Norwegian Cruise Line Holdings’ future performance.

What price per share is referenced for the NCLH restricted share unit grant?

The grant references a price of $20.05 per share for the 54,862 restricted share units. This price is typically used for valuation of the compensation award and does not represent an open-market transaction or cash purchase.

Does this NCLH Form 4 indicate any share sales by Jason Montague?

This Form 4 does not report any share sales. It shows an acquisition of 54,862 restricted share units as a compensation grant, along with an update to Montague’s direct and indirect share holdings in Norwegian Cruise Line Holdings.