Welcome to our dedicated page for Norwegian Cruise Line Holdings Ltd. 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.
Our SEC filing database is enhanced with expert analysis from Rhea-AI, providing insights into the potential impact of each filing on Norwegian Cruise Line Holdings Ltd.'s stock performance. Each filing includes a concise AI-generated summary, sentiment and impact scores, and end-of-day stock performance data showing the actual market reaction. Navigate easily through different filing types including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, proxy statements (DEF 14A), and Form 4 insider trading disclosures.
Designed for fundamental investors and regulatory compliance professionals, our page simplifies access to critical SEC filings. By combining real-time EDGAR feed updates, Rhea-AI's analytical insights, and historical stock performance data, we provide comprehensive visibility into Norwegian Cruise Line Holdings Ltd.'s regulatory disclosures and financial reporting.
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.
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.