Form 4: Norwegian Cruise Line Holdings EVP & CFO Mark Kempa Reports Changes in Beneficial Ownership
SEC Form 4
Mark Kempa, EVP & CFO of Norwegian Cruise Line Holdings, reports acquisition and disposal of common stock and restricted share units.
Summary
- On March 3, 2025, Mark Kempa acquired 52,391 restricted share units.
- These units vest in three equal installments on March 1, 2026, March 1, 2027, and March 1, 2028.
- On March 1, 2025, Kempa disposed of 33,752 shares, 8,664 shares, and 7,208 shares at a price of $22.72 per share to cover tax obligations related to vesting restricted share units granted in 2022, 2023 and 2024 respectively.
- Following these transactions, Kempa beneficially owns 358,717 shares of common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and does not indicate a significant positive or negative sentiment.
Positives
- The grant of restricted share units aligns Kempa's interests with the long-term performance of Norwegian Cruise Line Holdings.
Future Outlook
The restricted share units will vest in three equal installments on March 1, 2026, March 1, 2027 and March 1, 2028.
Industry Context
Form 4 filings are routine and provide transparency into the trading activities of company insiders, which can be informative for investors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Date of original grant of restricted share units, part of which vested on 03/01/2025 |
| 03/01/2023 | Date of original grant of restricted share units, part of which vested on 03/01/2025 |
| 03/01/2024 | Date of original grant of restricted share units, part of which vested on 03/01/2025 |
| 03/01/2025 | Disposal of shares to cover tax obligations from vesting restricted share units. |
| 03/03/2025 | Grant of 52,391 restricted share units. |
| 03/01/2026 | First vesting date for the restricted share units granted on 03/03/2025. |
| 03/01/2027 | Second vesting date for the restricted share units granted on 03/03/2025. |
| 03/01/2028 | Third vesting date for the restricted share units granted on 03/03/2025. |
| 03/04/2025 | Date of the report. |
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