What are the terms of the restricted share units reported by NCLH executive Farkas?

Each restricted share unit reported by NCLH executive Daniel S. Farkas represents the contingent right to receive one share of common stock. The units were originally granted on March 1, 2023, subject to performance hurdles under the company’s Amended and Restated 2013 Performance Incentive Plan.

Norwegian Cruise Line (NCLH) awards 132,100 RSUs to EVP Farkas

Q: What did NCLH executive Daniel S. Farkas report on this Form 4 for NCLH?

Daniel S. Farkas reported acquiring 132,100 shares of Norwegian Cruise Line Holdings Ltd. common stock via a grant of restricted share units. These units carry a zero dollar grant price and increase his directly held position to 447,367 shares after the transaction.

Q: How many NCLH shares did Daniel S. Farkas acquire in this Form 4 filing?

Daniel S. Farkas acquired 132,100 shares of Norwegian Cruise Line Holdings Ltd. common stock through a restricted share unit award. The transaction price per share is listed as $0.00, reflecting an equity compensation grant rather than an open-market purchase of NCLH shares.

Q: When will the NCLH restricted share units held by Daniel S. Farkas vest?

The restricted share units reported by Daniel S. Farkas are scheduled to vest on March 1, 2026. The Compensation Committee determined the performance condition achievement level on February 24, 2026, which allows these units to vest on that specified future vesting date.

Q: How many NCLH shares does Daniel S. Farkas own after this Form 4 transaction?

After this Form 4 transaction, Daniel S. Farkas directly owns 447,367 shares of Norwegian Cruise Line Holdings Ltd. common stock. This total reflects his holdings following the 132,100-share restricted share unit grant reported in the filing for the non-derivative common stock line.

Q: Was cash paid for the NCLH shares reported by Daniel S. Farkas on this Form 4?

No cash was paid for these NCLH shares, as the transaction price per share is reported as $0.00. The 132,100 shares stem from an equity compensation grant of restricted share units rather than a purchase in the open market or another cash-funded acquisition.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Norwegian Cruise Line Holdings Ltd. reported that EVP and General Counsel Daniel S. Farkas acquired 132,100 shares of common stock through a grant/award of restricted share units at a price of $0.00 per share. Each restricted share unit represents the right to receive one share upon vesting. These units were originally granted on March 1, 2023 under the company’s Amended and Restated 2013 Performance Incentive Plan and were subject to performance hurdles. The Compensation Committee determined the performance achievement level on February 24, 2026, and the restricted share units are scheduled to vest on March 1, 2026. Following this award, Farkas directly holds 447,367 shares.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Farkas Daniel S

Role EVP GC, CDO & Sec'y

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	132,100	$0.00	--

Holdings After Transaction: Common Stock — 447,367 shares (Direct)

Footnotes (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. Represents a grant of restricted share units under NCLH's Amended and Restated 2013 Performance Incentive Plan on March 1, 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.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/25/2026 - 04:15 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^*

Farkas Daniel S

(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)
	EVP GC, CDO & Sec'y

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)
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⁾	02/24/2026		A		132,100⁽²⁾	A	$0	447,367	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)
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. 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 March 1, 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	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.

Source: View Original Filing on SEC EDGAR

FAQ

What did NCLH executive Daniel S. Farkas report on this Form 4 for NCLH?

Daniel S. Farkas reported acquiring 132,100 shares of Norwegian Cruise Line Holdings Ltd. common stock via a grant of restricted share units. These units carry a zero dollar grant price and increase his directly held position to 447,367 shares after the transaction.

How many NCLH shares did Daniel S. Farkas acquire in this Form 4 filing?

Daniel S. Farkas acquired 132,100 shares of Norwegian Cruise Line Holdings Ltd. common stock through a restricted share unit award. The transaction price per share is listed as $0.00, reflecting an equity compensation grant rather than an open-market purchase of NCLH shares.

How many NCLH shares does Daniel S. Farkas own after this Form 4 transaction?

After this Form 4 transaction, Daniel S. Farkas directly owns 447,367 shares of Norwegian Cruise Line Holdings Ltd. common stock. This total reflects his holdings following the 132,100-share restricted share unit grant reported in the filing for the non-derivative common stock line.

Was cash paid for the NCLH shares reported by Daniel S. Farkas on this Form 4?

No cash was paid for these NCLH shares, as the transaction price per share is reported as $0.00. The 132,100 shares stem from an equity compensation grant of restricted share units rather than a purchase in the open market or another cash-funded acquisition.