Form 4: Norwegian Cruise Line Holdings EVP & CFO Mark Kempa Reports Changes in Beneficial Ownership

Mark Kempa, EVP & CFO of Norwegian Cruise Line Holdings, reports acquisition and disposal of common stock and restricted share units.

Summary

• On March 1, 2024, Mark Kempa, EVP & CFO of Norwegian Cruise Line Holdings, reported changes in beneficial ownership.
• Kempa acquired 54,950 restricted share units, which represent the contingent right to receive one share of NCLH common stock upon vesting.
• These restricted share units were granted under NCLH's Amended and Restated 2013 Performance Incentive Plan and will vest in three equal installments on March 1, 2025, March 1, 2026, and March 1, 2027.
• Kempa also disposed of shares to satisfy tax withholding obligations related to the vesting of restricted share units granted on June 11, 2021, March 1, 2022, and March 1, 2023.
• The disposal prices were $19.29 per share.
• Following these transactions, Kempa beneficially owns 288,351 shares of NCLH common stock.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing. It simply reports transactions by an executive and doesn't inherently indicate positive or negative sentiment.

Positives

• The grant of restricted share units to the EVP & CFO aligns his interests with the long-term performance of the company.

Future Outlook

The restricted share units will vest in three equal installments on March 1, 2025, March 1, 2026 and March 1, 2027.

Industry Context

Form 4 filings are a routine part of executive compensation and provide transparency into the holdings of company insiders.

Stakeholder Impact

• Shareholders can monitor insider transactions to gain insights into management's perspective on the company's stock.

Key Dates