Form 4: Royal Caribbean Cruises Director Richard Fain Reports Share Withholding for Tax Liability
SEC Form 4 Filing
Director Richard Fain of Royal Caribbean Cruises reports the withholding of 47,882 shares to cover tax liabilities related to vesting performance shares.
Summary
- On March 24, 2024, Richard D. Fain, a director of Royal Caribbean Cruises Ltd., had 47,882 shares of common stock withheld by the issuer to cover his tax liability.
- This was related to the vesting of shares underlying certain performance shares.
- Following this transaction, Fain directly owns 198,701 shares of common stock.
- He also has indirect ownership through various trusts.
- These include 210,706 shares held by Monument Capital Corporation, 24,400 shares held by The Montana Trust, 79,281 shares held by the Richard Fain Family Trust, and 355,888 shares held by a Grantor Retained Annuity Trust.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine transaction related to executive compensation and tax obligations.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it relates to internal compensation and tax matters.
Key Dates
| Date | Description |
|---|---|
| 03/24/2024 | Date of share withholding for tax liability related to vesting performance shares. |
| 03/26/2024 | Date of signature on the Form 4 filing. |
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