Royal Caribbean (RCL) director granted 831 RSUs vesting by 2027 meeting

Rhea-AI Filing Summary

Sorensen Vagn O reported acquisition or exercise transactions in this Form 4 filing.

Royal Caribbean Cruises Ltd director Vagn O. Sorensen received an award of 831 shares of common stock in the form of restricted stock units. These RSUs were granted at no cash price as equity compensation and will vest on the earlier of May 28, 2027 or the company’s 2027 Annual Meeting of Shareholders. After this grant, Sorensen directly holds 17,238 shares of Royal Caribbean common stock, indicating this is a relatively small, routine addition to his existing equity position.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sorensen Vagn O

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	831	$0.00	--

Holdings After Transaction: Common Stock — 17,238 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

RSU grant size: 831 shares Grant price: $0.00 per share Post-grant holdings: 17,238 shares +1 more

4 metrics

RSU grant size 831 shares Restricted stock units granted to director on May 28, 2026

Grant price $0.00 per share Equity compensation, no cash paid for RSUs

Post-grant holdings 17,238 shares Total common shares directly held after RSU award

RSU vesting date May 28, 2027 Vests earlier of May 28, 2027 or 2027 shareholder meeting

Key Terms

restricted stock units ("RSUs"), Equity Incentive Plan, Annual Meeting of Shareholders

3 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.

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.

Annual Meeting of Shareholders financial

"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"

A yearly gathering where a company’s owners (shareholders) vote on key items like electing the board, approving executive pay, and ratifying auditors, and receive updates on performance and strategy. Think of it as an annual town hall for owners: it matters to investors because outcomes and disclosures can affect leadership, corporate direction, dividend and governance policies, and therefore the company’s risk and potential return.

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^*

Sorensen Vagn 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		A		831(1)	A	$0	17,238	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 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 Vagn O. Sorensen	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 did Royal Caribbean (RCL) director Vagn O. Sorensen report on this Form 4?

Vagn O. Sorensen reported receiving 831 shares of Royal Caribbean common stock as restricted stock units. The grant was made as equity compensation, not a market purchase, and increased his direct holdings to 17,238 shares after the transaction.

Was the Royal Caribbean (RCL) Form 4 transaction a stock purchase or a grant?

The Form 4 reflects a stock grant, not an open-market purchase. Sorensen received 831 restricted stock units at a price of $0.00 per share as part of Royal Caribbean’s equity incentive plan, making this a compensation-based acquisition.

When do Vagn O. Sorensen’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 Meeting of Shareholders. Vesting must occur before Sorensen receives the underlying common shares without restrictions.

How many Royal Caribbean (RCL) shares does Vagn O. Sorensen hold after this Form 4?

After the reported RSU grant, Sorensen directly holds 17,238 shares of Royal Caribbean common stock. This total includes the 831-share restricted stock unit award reported in the filing, which was granted under the company’s equity incentive plan.

Under which plan were the Royal Caribbean (RCL) restricted stock units granted?

The 831 restricted stock units were granted under the Royal Caribbean Cruises Ltd. 2008 Equity Incentive Plan, as amended. This plan provides share-based compensation such as RSUs to directors, executives, and other eligible participants of the company.