Royal Caribbean (RCL) director has shares withheld to cover RSU tax bill

Rhea-AI Filing Summary

ROYAL CARIBBEAN CRUISES LTD director Rebecca Yeung reported a routine tax-withholding transaction tied to equity compensation. On 05/28/2026, 78 shares of common stock were withheld by the company at $276.615 per share to cover her tax liability upon vesting of restricted stock units. After this non‑market disposition, she directly holds 5,625 shares of common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Yeung Rebecca

Role null

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	78	$276.615	$22K

Holdings After Transaction: Common Stock — 5,625 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares withheld for taxes: 78 shares Withholding price: $276.615 per share Shares held after transaction: 5,625 shares

3 metrics

Shares withheld for taxes 78 shares Withheld on 05/28/2026 to cover tax liability

Withholding price $276.615 per share Value used for tax-withholding shares

Shares held after transaction 5,625 shares Director’s direct ownership following withholding

Key Terms

restricted stock units, tax liability, withheld, Form 4

4 terms

restricted stock units financial

"vesting of shares underlying certain restricted stock units on 05/28/2026"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax liability financial

"withheld by the issuer to cover the reporting person's tax liability"

withheld financial

"Represents the number of shares of common stock withheld by the issuer"

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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^*

Yeung Rebecca

(Last) (First) (Middle)

C/O ROYAL CARIBBEAN CRUISES LTD.

1050 CARIBBEAN WAY

(Street)

MIAMI FLORIDA 33132

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
ROYAL CARIBBEAN CRUISES LTD [ RCL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/28/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	05/28/2026		F		78(1)	D	$276.615	5,625	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents the number of shares of common stock withheld by the issuer to cover the reporting person's tax liability associated with the vesting of shares underlying certain restricted stock units on 05/28/2026.

Remarks:

	/s/ Indira Sordo, Attorney-in-Fact for Rebecca Yeung	05/29/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did RCL director Rebecca Yeung report?

Rebecca Yeung reported a tax-withholding disposition of 78 shares of Royal Caribbean common stock. The shares were withheld by the company to cover her tax liability tied to restricted stock unit vesting on May 28, 2026.

Was the RCL insider transaction an open-market sale of shares?

No, the transaction was not an open-market sale. It was a Form 4 code F event, where 78 shares were withheld by Royal Caribbean to satisfy Rebecca Yeung’s tax obligation on vesting restricted stock units.

At what price were the RCL shares withheld for taxes?

The 78 Royal Caribbean shares were withheld at a price of $276.615 per share. This price is used for calculating the value of the shares applied toward covering Rebecca Yeung’s tax liability on her restricted stock unit vesting.

How many Royal Caribbean shares does Rebecca Yeung hold after this filing?

After the tax-withholding transaction, Rebecca Yeung directly holds 5,625 shares of Royal Caribbean common stock. This figure reflects her position following the 78-share withholding to cover taxes on her equity award vesting.

What triggered the tax-withholding transaction reported by RCL?

The transaction was triggered by the vesting of shares underlying certain restricted stock units on May 28, 2026. To cover Rebecca Yeung’s related tax liability, Royal Caribbean withheld 78 shares of common stock instead of requiring a separate cash payment.