Were any of Laura H. Bethge’s RCL share dispositions open-market sales?

The reported share dispositions were tax-withholding events, not open-market sales. Royal Caribbean withheld 12,451 shares and 570 shares at specified market prices to cover Bethge’s tax liabilities upon vesting of performance shares and restricted stock units.

What is Laura H. Bethge’s RCL share ownership after these Form 4 transactions?

After the reported transactions, Laura H. Bethge directly beneficially owned 40,640 Royal Caribbean common shares. An additional 87 shares were reported as indirectly owned, held by her spouse, reflecting a small indirect interest alongside her direct holdings.

Royal Caribbean (NYSE: RCL) president gets stock awards, covers taxes

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Royal Caribbean Cruises Ltd. officer Laura H. Bethge, President of Celebrity Cruises, reported equity compensation and related tax withholding transactions in company common stock.

On February 10, 2026, she acquired 31,646 shares from performance share awards and 3,336 shares from restricted stock units at $0 per share under the company’s 2008 Equity Incentive Plan. To cover tax liabilities on vesting, 12,451 shares were withheld at $345.405 per share on February 10, and 570 shares were withheld at $337.84 per share on February 12.

After these transactions, Bethge directly beneficially owned 40,640 common shares, with an additional 87 shares held indirectly by her spouse.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider BETHGE LAURA H

Role President, Celebrity Cruises

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	570	$337.84	$193K
Grant/Award	Common Stock	31,646	$0.00	--
Tax Withholding	Common Stock	12,451	$345.405	$4.30M
Grant/Award	Common Stock	3,336	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 40,640 shares (Direct); Common Stock — 87 shares (Indirect, By spouse)

Footnotes (1)

Represents shares of common stock underlying performance shares granted pursuant to the Royal Caribbean Cruises Ltd. 2008 Equity Incentive Plan, as amended. 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 performance shares on 02/10/2026. Represents shares of common stock underlying restricted stock units granted pursuant to the Royal Caribbean Cruises Ltd. 2008 Equity Incentive Plan, as amended. 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 02/12/2026.

Form 4 Insider Transactions: What Each Field Means →

02/12/2026 - 06:00 PM

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^*

BETHGE LAURA H

(Last)

(First)

(Middle)

ROYAL CARIBBEAN CRUISES LTD.

1050 CARIBBEAN WAY

(Street)

MIAMI

33132

(City)

(State)

(Zip)

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

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President, Celebrity Cruises

3. Date of Earliest Transaction (Month/Day/Year)
02/10/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/10/2026		A		31,646⁽¹⁾	A	$0	50,325	D
Common Stock	02/10/2026		F		12,451⁽²⁾	D	$345.405	37,874	D
Common Stock	02/10/2026		A		3,336⁽³⁾	A	$0	41,210	D
Common Stock	02/12/2026		F		570⁽⁴⁾	D	$337.84	40,640	D
Common Stock								87	I	By spouse

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents shares of common stock underlying performance shares granted pursuant to the Royal Caribbean Cruises Ltd. 2008 Equity Incentive Plan, as amended.

2. 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 performance shares on 02/10/2026.

3. Represents shares of common stock underlying restricted stock units granted pursuant to the Royal Caribbean Cruises Ltd. 2008 Equity Incentive Plan, as amended.

4. 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 02/12/2026.

Remarks:

	/s/ Indira Sordo, Attorney-in-Fact for Laura H. Bethge	02/12/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider activity did RCL executive Laura H. Bethge report on this Form 4?

Laura H. Bethge reported equity awards and tax-related share withholdings. She received common stock from performance share and restricted stock unit grants, while additional shares were withheld by Royal Caribbean to satisfy tax liabilities tied to those vesting awards.

How many Royal Caribbean (RCL) shares did Laura H. Bethge acquire as equity awards?

She acquired 31,646 Royal Caribbean common shares from performance share awards and 3,336 shares from restricted stock units. Both grants were made at $0 per share under the company’s 2008 Equity Incentive Plan, reflecting non-cash compensation for the executive.

What role does the 2008 Equity Incentive Plan play in these RCL transactions?

The 2008 Equity Incentive Plan is the source of Bethge’s performance share and restricted stock unit grants. Shares delivered under this plan formed the basis of her reported acquisitions, while associated vesting triggered the tax-withholding share dispositions by Royal Caribbean.

How were the tax-withholding prices determined for Bethge’s RCL shares?

Royal Caribbean withheld 12,451 shares at $345.405 per share and 570 shares at $337.84 per share. These prices reflect the share values used to calculate the amount of stock required to satisfy Bethge’s tax obligations upon vesting of her equity awards.