ROYAL CARIBBEAN CRUISES LTD. (NYSE:RCL) Files An 8-K Other Events
Item 8.01 Other Events.
ROYAL CARIBBEAN CRUISES LTD. (NYSE:RCL) Files An 8-K Other Events
On June 11, 2019, Richard D. Fain, our Chairman & Chief Executive Officer, entered into a pre-arranged stock trading plan designed to comply with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended (the “Plan”). The Plan, which was adopted in compliance with our Securities Trading Policy, is intended to facilitate the diversification of Mr. Fain’s personal assets and provides for the sale of up to 240,000 shares of our common stock between July 2019 and June 2020 subject to specified minimum market prices.
In the event all of the shares subject to the Plan are sold and based on his current ownership, Mr. Fain would continue to beneficially own approximately 1,119,399 shares of our common stock, including approximately 217,168 shares underlying stock option, restricted stock unit and performance share awards granted to Mr. Fain under our equity compensation plans. This total does not include additional shares of our common stock owned by trusts primarily for the benefit of members of the Fain family.
About ROYAL CARIBBEAN CRUISES LTD. (NYSE:RCL)
Royal Caribbean Cruises Ltd. is a cruise company. The Company owns various brands, such as Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisieres de France and joint venture interest in TUI Cruises. It operates approximately 23 ships with an aggregate capacity of approximately 68,600 berths under its Royal Caribbean International brand, offering cruise itineraries that range from 2 to 24 nights. It operates over 11 ships with an aggregate capacity of approximately 24,900 berths under its Celebrity Cruises brand. It operates over two ships with an aggregate capacity of approximately 1,400 berths under its Azamara Club Cruises brand, offering cruise itineraries that range from 3 to 20 nights. It operates approximately three ships with an aggregate capacity of approximately 6,200 berths under its Pullmantur brand. It operates over two ships with an aggregate capacity of approximately 2,800 berths under its CDF Croisieres de France brand.
