Welcome to our dedicated page for Norwegian Cruise Line Hldg SEC filings (Ticker: NCLH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Norwegian Cruise Line Holdings Ltd. filings document the regulatory record for a Bermuda-incorporated cruise operator whose ordinary shares trade on the New York Stock Exchange under NCLH. Reports and exhibits cover operating results, financial condition, liquidity, guidance, fleet deliveries, brand investments and capital commitments tied to Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises.
Proxy and current reports disclose annual meeting mechanics, shareholder voting matters, board composition, executive appointments and compensation arrangements, cooperation agreements and other governance events. The filings also identify the company’s ordinary share class, Exchange Act registration details, business disclosures and material events affecting its cruise brands and corporate structure.
Norwegian Cruise Line Holdings reported a profitable first quarter 2026 with total revenue of $2.33 billion, up 10% from 2025. GAAP net income was $104.7 million, or $0.23 per diluted share, compared with a loss a year earlier. Adjusted EBITDA rose 18% to $532.9 million and Adjusted Net Income increased to $107.5 million, with Adjusted EPS of $0.23, above prior guidance.
The company lowered full-year 2026 outlook, now expecting Adjusted EPS of $1.45–$1.79 and Adjusted EBITDA of $2.48–$2.64 billion, citing geopolitical headwinds, softer demand—especially for Europe—and earlier booking shortfalls. Net Yield on a constant currency basis is projected to decline 3%–5% for 2026.
Norwegian ended March 31, 2026 with total debt of $15.15 billion, Net Debt of $14.97 billion and Net Leverage of 5.3x, and liquidity of $1.6 billion. Q2 2026 guidance calls for Adjusted EBITDA of about $632 million, Net Yield down roughly 3.6% in constant currency and occupancy around 102.5%.
Norwegian Cruise Line Holdings Ltd. is asking shareholders to vote at its 2026 annual meeting on June 11, 2026 in Miami. Key items include electing three Class I directors, an advisory vote on executive pay and its frequency, an amendment to the 2013 Performance Incentive Plan to increase share availability, ratifying PwC as auditor, and a shareholder proposal to declassify the board.
The proxy highlights 2025 results, including $9.8 billion in revenue, GAAP net income of $423.2 million and EPS of $0.92. Adjusted EBITDA reached $2.73 billion and Adjusted EPS $2.11. Based on these metrics and health, safety and sustainability goals, annual incentives paid out at 110.8% of target. Prior PSUs vested at maximum after the company’s average Adjusted EPS growth from 2023–2025 exceeded S&P 500 EPS growth and booking targets were met.
The filing notes strong support for pay practices, with about 96.74% approval in the 2025 Say‑on‑Pay vote and ongoing shareholder outreach. It also details the arrival of new President and CEO John W. Chidsey, whose compensation is heavily equity‑based, including a one‑time, four‑year front‑loaded award with an intended value of approximately $48 million, 60% in performance share units tied to absolute total shareholder return compounded annual growth rates over a four‑year period.
Vanguard Capital Management reported beneficial ownership of 33,612,105 shares of Norwegian Cruise Line Holdings Ltd common stock, representing 7.37% of the class as of 03/31/2026. The filing shows sole power to vote for 3,995,090 shares and sole dispositive power for 33,612,105 shares. The disclosure attributes holdings to Vanguard Capital Management and specified affiliate business divisions per SEC Release No. 34-39538.
MacDonald Brian P reported acquisition or exercise transactions in this Form 4 filing.
Norwegian Cruise Line Holdings Ltd. director Brian P. MacDonald received a grant of 8,912 restricted share units of common stock as equity compensation. These units carry no purchase price and will vest in a single installment on January 4, 2027. Following this grant, he holds 8,912 shares directly.
Cruz Alex reported acquisition or exercise transactions in this Form 4 filing.
Norwegian Cruise Line Holdings director Alex Cruz received a grant of 8,912 restricted share units of common stock. Each unit represents the right to receive one NCLH share upon vesting. The award was granted as part of NCLH's Amended and Restated 2013 Performance Incentive Plan and will vest in a single installment on January 4, 2027. Following this grant, Cruz directly holds 21,657 shares of NCLH common stock.
PAGLIUCA STEPHEN G reported acquisition or exercise transactions in this Form 4 filing.
Norwegian Cruise Line Holdings Ltd. director Stephen G. Pagliuca received an equity grant of 8,912 shares of common stock. The shares were awarded as restricted share units valued at $0.00 per share, reflecting a compensation grant rather than an open-market purchase.
Each restricted share unit represents the right to receive one NCLH common share upon vesting. The entire grant is scheduled to vest in a single installment on January 4, 2027, aligning Pagliuca’s compensation with the company’s longer-term performance. Following this award, he holds 8,912 shares directly as reported in this filing.
Lansberry Kevin Allen reported acquisition or exercise transactions in this Form 4 filing.
Norwegian Cruise Line Holdings Ltd. director Kevin Allen Lansberry received an equity compensation grant of 8,912 restricted share units of common stock at no cash cost. Each unit represents the right to receive one NCLH share when it vests in a single installment on January 4, 2027. Following this grant, Lansberry holds 8,912 shares directly reported in this filing.
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.
Norwegian Cruise Line Holdings Ltd. director Brian P. MacDonald filed an initial insider ownership report on Form 3. The filing lists his role as a director, indicates he is not an officer or 10% owner, and shows no reportable transactions or holdings at this time.