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Royal Caribbean (NYSE: RCL) director gets 831 RSUs, reports big indirect stake

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Filing Sentiment
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Form Type
4

Rhea-AI Filing Summary

Wilhelmsen Arne Alexander reported acquisition or exercise transactions in this Form 4 filing.

Royal Caribbean Cruises Ltd director Arne Alexander Wilhelmsen reported a new equity award and updated his holdings. He received 831 shares of common stock in the form of restricted stock units granted at no cash cost, bringing his directly held shares to 8,520.

The RSUs were granted under the Royal Caribbean Cruises Ltd 2008 Equity Incentive Plan and vest on the earlier of May 28, 2027 or the company’s 2027 annual shareholder meeting. The filing also reports 16,435,910 shares held indirectly through AWILHELMSEN AS and AWILHELMSEN ASSET MANAGEMENT AS, with Wilhelmsen disclaiming beneficial ownership except for his pecuniary interest.

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Insider Wilhelmsen Arne Alexander
Role null
Type Security Shares Price Value
Grant/Award Common Stock 831 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 8,520 shares (Direct, null); Common Stock — 16,435,910 shares (Indirect, See Footnote)
Footnotes (1)
  1. 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. This includes 12,400,651 shares of RCL stock owned by AWILHELMSEN AS and 4,035,259 shares of RCL stock owned by AWILHELMSEN ASSET MANAGEMENT AS. AWILHELMSEN AS has the power to vote and dispose of the shares owned by AWILHELMSEN ASSET MANAGEMENT AS pursuant to an agreement between the parties. The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.
RSU grant size 831 shares Restricted stock units of common stock granted to director
Grant price $0.00 per share Price per share for the RSU award
Direct holdings after grant 8,520 shares Common stock directly held following the RSU grant
Indirect holdings total 16,435,910 shares Common stock held indirectly through AWILHELMSEN entities
AWILHELMSEN AS holdings 12,400,651 shares RCL stock owned by AWILHELMSEN AS
AWILHELMSEN ASSET MANAGEMENT AS holdings 4,035,259 shares RCL stock owned by AWILHELMSEN ASSET MANAGEMENT AS
RSU vesting date May 28, 2027 RSUs vest on this date or at 2027 annual meeting, whichever is earlier
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.
Equity Incentive Plan financial
"RSUs granted pursuant to the Royal Caribbean Cruises Ltd. 2008 Equity Incentive Plan, as amended"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
beneficial ownership financial
"The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein"
indirect ownership financial
"This includes 12,400,651 shares of RCL stock owned by AWILHELMSEN AS and 4,035,259 shares of RCL stock owned by AWILHELMSEN ASSET MANAGEMENT AS"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Wilhelmsen Arne Alexander
(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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock05/28/2026A831(1)A$08,520D
Common Stock16,435,910ISee Footnote(2)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. 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.
2. This includes 12,400,651 shares of RCL stock owned by AWILHELMSEN AS and 4,035,259 shares of RCL stock owned by AWILHELMSEN ASSET MANAGEMENT AS. AWILHELMSEN AS has the power to vote and dispose of the shares owned by AWILHELMSEN ASSET MANAGEMENT AS pursuant to an agreement between the parties. The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.
Remarks:
/s/ Indira Sordo, Attorney-in-Fact for Arne Alexander Wilhelmsen05/29/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Royal Caribbean (RCL) director Arne Alexander Wilhelmsen report?

Arne Alexander Wilhelmsen reported receiving 831 restricted stock units of Royal Caribbean common stock as a grant. The award was made at no cash cost and increased his directly held stake to 8,520 shares, reflecting routine equity-based director compensation.

When do Arne Alexander Wilhelmsen’s new Royal Caribbean (RCL) RSUs vest?

The 831 restricted stock units vest on the earlier of May 28, 2027, or the date of Royal Caribbean’s 2027 annual shareholder meeting. This time-based vesting schedule ties the award to continued board service over the next several years.

How many Royal Caribbean (RCL) shares does Arne Alexander Wilhelmsen hold directly after this Form 4?

After the reported grant, Arne Alexander Wilhelmsen holds 8,520 Royal Caribbean common shares directly. This figure includes the 831 newly granted restricted stock units, which were awarded at a price of $0.00 per share under the company’s equity incentive plan.

What indirect Royal Caribbean (RCL) holdings are associated with Arne Alexander Wilhelmsen?

The filing reports 16,435,910 Royal Caribbean shares held indirectly through AWILHELMSEN AS and AWILHELMSEN ASSET MANAGEMENT AS. These include 12,400,651 shares owned by AWILHELMSEN AS and 4,035,259 shares owned by AWILHELMSEN ASSET MANAGEMENT AS under an agreement between the parties.

Does Arne Alexander Wilhelmsen claim full beneficial ownership of the indirect Royal Caribbean (RCL) shares?

No. The filing states that Arne Alexander Wilhelmsen disclaims beneficial ownership of the indirectly held shares, except to the extent of his pecuniary interest. This means his economic interest is acknowledged, but he does not claim full beneficial ownership of all those shares.

Under which plan were Arne Alexander Wilhelmsen’s Royal Caribbean (RCL) RSUs granted?

The 831 restricted stock units were granted under the Royal Caribbean Cruises Ltd 2008 Equity Incentive Plan, as amended. This plan provides equity-based awards to directors and other participants, aligning their compensation with long-term shareholder interests through stock-linked incentives.