Form 4: Norwegian Cruise Line Holdings Executive Reports Changes in Beneficial Ownership

Daniel S. Farkas, EVP, GC, CDO & Asst. Sec'y of Norwegian Cruise Line Holdings, reports acquisition and disposal of common stock and restricted share units.

Summary

• On March 1, 2024, Daniel S. Farkas, an executive at Norwegian Cruise Line Holdings Ltd., acquired 53,136 shares of common stock.
• These shares were granted as restricted share units under the company's Amended and Restated 2013 Performance Incentive Plan.
• The restricted share units will vest in three equal installments on March 1, 2025, March 1, 2026, and March 1, 2027.
• Also on March 1, 2024, Farkas disposed of shares to cover tax withholding obligations related to vesting restricted share units.
• Specifically, 5,857 shares were withheld related to units granted on June 11, 2021, 17,571 shares related to performance-based units granted on June 11, 2021, 20,180 shares related to units granted on March 1, 2022, and 8,664 shares related to units granted on March 1, 2023.
• All shares disposed of to cover tax obligations were valued at $19.29 per share.
• Following these transactions, Farkas directly owns 289,777 shares of Norwegian Cruise Line Holdings Ltd. common stock.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing. It doesn't indicate positive or negative sentiment, just routine transactions.

Positives

• The grant of restricted share units to an executive aligns their interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Future Outlook

The executive's holdings will change as restricted share units vest over the next three years.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and ownership.

Key Dates