Form 4: Norwegian Cruise Line Holdings SVP Faye L. Ashby Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Faye L. Ashby, SVP & Chief Accounting Officer of Norwegian Cruise Line Holdings, reports acquisition and disposal of common stock and restricted share units.
Summary
- On March 3, 2025, Faye L. Ashby acquired 27,334 restricted share units of Norwegian Cruise Line Holdings Ltd.
- These restricted share units will vest in three equal installments on March 1, 2026, March 1, 2027, and March 1, 2028.
- On March 1, 2025, Ashby disposed of 2,082, 3,377, and 2,525 shares of common stock at a price of $22.72 per share to satisfy tax withholding obligations related to vesting restricted share units granted in 2022, 2023 and 2024 respectively.
- Following these transactions, Ashby beneficially owns 135,620 shares of Norwegian Cruise Line Holdings Ltd.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations.
Positives
- The grant of restricted share units aligns Ashby'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 disclosures that provide transparency into the trading activities of company insiders, which can be useful for investors monitoring management's sentiment and alignment with shareholder interests.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve a small number of shares relative to the total outstanding.
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 27,334 restricted share units. |
| 03/04/2025 | Date of filing the Form 4. |
| 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. |
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