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. (NYSE: NCLH) files a broad range of documents with the U.S. Securities and Exchange Commission that provide insight into its cruise operations, capital structure and growth plans. This page aggregates those SEC filings and pairs them with AI-powered summaries to help readers interpret the information more efficiently.
Recent Form 8‑K filings describe multiple financing transactions by NCLH and its subsidiary NCL Corporation Ltd., including senior notes due 2031 and 2033, exchangeable senior notes due 2030 and related tender offers and redemptions of existing notes due 2026, 2027 and 2029. These filings outline interest rates, maturity dates, redemption provisions, covenants on liens and sale-leaseback transactions, and change of control repurchase rights. Other 8‑K reports detail a registered direct equity offering of ordinary shares and the use of proceeds to repurchase outstanding exchangeable notes.
The company’s filings also discuss export credit-backed facilities and SACE-insured credit agreements used to finance new cruise vessels for Norwegian Cruise Line, as well as updates to its newbuild program across Norwegian, Oceania Cruises and Regent Seven Seas Cruises. Additional current reports cover leadership changes, such as the departure and appointment of senior brand executives, and destination development plans for Great Stirrup Cay in the Bahamas.
On this SEC filings page, users can review NCLH’s current and historical reports, including Forms 8‑K, 10‑K and 10‑Q when available, along with proxy materials and registration statements. AI-generated highlights are designed to explain complex sections—such as debt covenants, exchangeable note terms, ship financing structures and newbuild commitments—in clear language. The platform also provides convenient access to insider transaction disclosures on Form 4, annual reports on Form 10‑K and quarterly reports on Form 10‑Q, helping investors and researchers understand how Norwegian Cruise Line Holdings manages leverage, funds fleet expansion and discloses material events.
Kempa Mark reported acquisition or exercise transactions in this Form 4 filing.
Norwegian Cruise Line Holdings reported that EVP & CFO Mark Kempa received an equity award of 47,880 shares of common stock, valued at $20.05 per share, as a compensation grant. These are restricted share units that will vest in three equal installments on March 1, 2027, March 1, 2028, and March 1, 2029. Following this award, Kempa directly holds 480,514 shares, highlighting a sizable ongoing equity stake aligned with the company’s long-term performance.
Norwegian Cruise Line Holdings Ltd. executive vice president and CFO Mark Kempa reported four tax-related stock transactions involving the company’s common stock. On March 1, 2026, shares were disposed of at $24.79 per share to satisfy withholding obligations when prior equity awards vested.
The footnotes explain that the withheld shares covered taxes tied to the vesting of 132,100 performance share units granted on March 1, 2023 and restricted share units of 22,017, 18,316, and 17,463 granted in 2023, 2024, and 2025. After one of the listed transactions, Kempa held 455,378 shares of NCLH common stock directly.
Norwegian Cruise Line Holdings Ltd. executive Jason Montague reported a tax-related share disposition. On the vesting of 17,463 restricted share units granted on March 3, 2025, 4,313 shares of common stock were withheld by NCLH to cover tax obligations. Following this, Montague directly holds 48,078 shares and indirectly holds 13,400 shares through a trust.
Norwegian Cruise Line Holdings Ltd. executive Daniel S. Farkas reported several tax-related share dispositions on March 1, 2026. In four separate transactions coded “F”, he used common shares, at a price of $24.79 per share, to satisfy tax withholding obligations.
The withheld shares related to the vesting of restricted share units and performance share units originally granted on March 1, 2023, March 1, 2024, and March 3, 2025. Following these tax-withholding dispositions, he directly held 379,150 shares of Norwegian Cruise Line common stock.
Norwegian Cruise Line Holdings Ltd. executive Patrik Dahlgren reported several tax-related share dispositions on common stock. On March 1, 2026, four transactions coded "F" disposed of 29,607, 5,920, 7,004, and 6,872 shares at $24.79 per share.
Footnotes state these shares were withheld by NCLH to satisfy tax withholding obligations tied to vesting performance and restricted share units granted in 2023, 2024, and 2025. After these withholdings, Dahlgren directly owned 185,666 shares of NCLH common stock.
Norwegian Cruise Line Holdings Ltd. senior vice president and chief accounting officer Faye L. Ashby reported three tax-withholding share dispositions of common stock. On March 1, 2026, a total of 8,213 shares were withheld by the company at $24.79 per share to cover tax obligations tied to vesting restricted share units granted in 2023, 2024, and 2025. After these non-market transactions, Ashby directly held 122,157 common shares.
Norwegian Cruise Line Holdings describes a large, multi-brand cruise business with 34 ships and about 71,400 berths as of December 31, 2025, sailing worldwide under the Norwegian, Oceania Cruises and Regent brands. The company targets upscale travelers and emphasizes differentiated onboard experiences for each brand.
A long-term growth plan centers on 17 additional ships scheduled for delivery from 2026 through 2037 across new Prima, Sonata and Prestige classes, alongside selective ship disposals and charter arrangements for older vessels. Management highlights a strategy focused on disciplined fleet expansion, balance sheet optimization and a broad sustainability program, Sail & Sustain, which is overseen at board level and aligned with tightening global environmental rules.
The report outlines extensive regulatory, tax and environmental frameworks affecting operations, including MARPOL emissions limits, U.S. and EU discharge and climate rules, and Bermuda’s new 15% corporate income tax with an international shipping income exclusion. It also details significant debt-related risk factors, noting reliance on covenant compliance, access to future financing and potential consequences if liquidity or refinancing needs are not met.
Norwegian Cruise Line Holdings reported fourth quarter and full year 2025 results and issued 2026 guidance. Full year 2025 revenue rose 3.7% to $9.8 billion. GAAP net income was $423.2 million, down from $910.3 million, while Adjusted EBITDA increased 11% to $2.73 billion and Adjusted EPS grew 19% to $2.11.
Fourth quarter 2025 revenue grew 6% to $2.2 billion, but GAAP net income declined to $14.3 million from $254.5 million. Net leverage stood at 5.3x with total debt of $14.6 billion. Occupancy reached 101.8% in the quarter and 103.5% for the year, and is expected to rise further in 2026.
For 2026, the company targets Adjusted EBITDA of about $2.95 billion and Adjusted EPS of $2.38, with Net Yield roughly flat and Adjusted Net Cruise Cost excluding fuel up modestly. Management is focused on execution, cost discipline and gradual deleveraging, while investing in new ships and private island enhancements.
Norwegian Cruise Line Holdings reported an equity award for its EVP & CFO, Mark Kempa. He acquired 132,100 shares of common stock at a price of $0.00 per share through a grant classified as a restricted share unit award. After this transaction, his directly held common stock position increased to 501,452 shares.
The award relates to restricted share units granted on March 1, 2023 under the company’s Amended and Restated 2013 Performance Incentive Plan. These units were originally tied to performance hurdles. The Compensation Committee determined the performance achievement level on February 24, 2026, and the units are scheduled to vest on March 1, 2026.
Norwegian Cruise Line Holdings Ltd. executive Patrik Dahlgren reported an acquisition of 90,252 shares of common stock through a restricted share unit award at a price of $0.00 per share, bringing his direct holdings to 235,069 shares.
The award represents restricted share units granted on July 5, 2023 under the company’s Amended and Restated 2013 Performance Incentive Plan. The Compensation Committee determined the performance condition achievement level on February 24, 2026, and these units are scheduled to vest on March 1, 2026, with each unit delivering one share upon vesting.