Royal Caribbean director receives 831-share equity award

Royal Caribbean Cruises Ltd. director Michael O. Leavitt reported routine equity compensation activity.

Rhea-AI Filing Summary

Royal Caribbean Cruises Ltd. director Michael O. Leavitt reported routine equity compensation activity. He acquired 831 shares of common stock at no cost in connection with restricted stock units (RSUs) granted under the company’s 2008 Equity Incentive Plan. These RSUs are scheduled to vest on the earlier of May 28, 2027, or the company’s 2027 annual meeting of shareholders.

To cover his tax liability tied to the vesting of shares underlying certain prior RSUs on May 28, 2026, 78 shares were withheld by the company at a price of $276.615 per share. After these transactions, Leavitt directly holds 8,933 shares of Royal Caribbean common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider LEAVITT MICHAEL O

Role Director

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	78	$276.615	$22K
Grant/Award	Common Stock	831	$0.00	$0.00

Holdings After Transaction: Common Stock — 8,933 shares (Direct)

Footnotes (2)

1. F1. 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.
2. F2. Represents shares of common stock underlying restricted stock units ("RSUs") granted pursuant to the Royal Caribbean Cruises Ltd. 2008 Equity Incentive Plan, as amended. The shares underlying the RSUs vest the earlier of (i) May 28, 2027, or (ii) date of the Issuer's 2027 Annual Meeting of Shareholders.

Key Figures

RSU-related shares granted: 831 shares Shares withheld for taxes: 78 shares Tax withholding price: $276.615 per share +2 more

5 metrics

RSU-related shares granted 831 shares Common stock tied to RSUs granted under 2008 Equity Incentive Plan

Shares withheld for taxes 78 shares Withheld to cover tax liability on RSU vesting on May 28, 2026

Tax withholding price $276.615 per share Value used for 78 shares withheld for tax obligations

Shares held after transactions 8,102 shares Total Royal Caribbean common shares directly owned post-transaction

RSU vesting date trigger May 28, 2027 RSUs vest on this date or the 2027 annual shareholder meeting, whichever is earlier

Key Terms

restricted stock units ("RSUs"), 2008 Equity Incentive Plan, tax liability, vesting

4 terms

restricted stock units ("RSUs") financial

"Represents shares of common stock underlying restricted stock units ("RSUs") granted pursuant to the Royal Caribbean Cruises Ltd. 2008 Equity Incentive Plan"

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

2008 Equity Incentive Plan financial

"RSUs granted pursuant to the Royal Caribbean Cruises Ltd. 2008 Equity Incentive Plan, as amended"

tax liability financial

"shares of common stock withheld by the issuer to cover the reporting person's tax liability associated with the vesting"

vesting financial

"tax liability associated with the vesting of shares underlying certain restricted stock units on 05/28/2026"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Michael O. Leavitt report for Royal Caribbean (RCL)?

Michael O. Leavitt reported receiving 831 shares of Royal Caribbean common stock as an equity award and having 78 shares withheld to cover tax liabilities. Both events are routine compensation-related transactions rather than open-market buying or selling of RCL shares.

Were Michael O. Leavitt’s recent Royal Caribbean (RCL) transactions open-market buys or sells?

The transactions were not open-market buys or sells. Leavitt received 831 shares as an equity grant and 78 shares were withheld to satisfy taxes on vesting RSUs. These are standard compensation and tax-withholding events, not discretionary trading in RCL stock.

How many Royal Caribbean (RCL) shares does Michael O. Leavitt hold after these transactions?

After the reported Form 4 transactions, Michael O. Leavitt directly holds 8,102 shares of Royal Caribbean common stock. This figure reflects both the 831-share RSU-related grant and the withholding of 78 shares for tax obligations tied to RSU vesting.

What are the vesting terms of Michael O. Leavitt’s new RSUs in Royal Caribbean (RCL)?

The RSUs underlying the 831-share award vest on the earlier of May 28, 2027, or the date of Royal Caribbean’s 2027 annual meeting of shareholders. These terms tie vesting to either a fixed calendar date or the company’s scheduled shareholder meeting.

Why were 78 Royal Caribbean (RCL) shares withheld from Michael O. Leavitt?

Royal Caribbean withheld 78 shares of common stock to cover Michael O. Leavitt’s tax liability from the vesting of certain restricted stock units on May 28, 2026. The withheld shares were valued at $276.615 each for this tax-settlement purpose.

Under which plan did Michael O. Leavitt receive his recent Royal Caribbean (RCL) RSU grant?

The RSU-related grant reported by Michael O. Leavitt was issued under the Royal Caribbean Cruises Ltd. 2008 Equity Incentive Plan, as amended. This plan governs equity-based compensation awards such as restricted stock units for eligible participants, including directors.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/29/2026 - 04:42 PM Learn about SEC filing dates

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^*

LEAVITT MICHAEL O

(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	8,102	D
Common Stock	05/28/2026		A		831(2)	A	$0	8,933	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.

2. Represents shares of common stock underlying restricted stock units ("RSUs") granted pursuant to the Royal Caribbean Cruises Ltd. 2008 Equity Incentive Plan, as amended. The shares underlying the RSUs vest the earlier of (i) May 28, 2027, or (ii) date of the Issuer's 2027 Annual Meeting of Shareholders.

Remarks:

	/s/ Indira Sordo, Attorney-in-Fact for Michael O. Leavitt	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)