Del Rio's NCLH compensation swings to $10.5m

Frank Del Rio received a $4.5m cash bonus, among other compensation Frank Del Rio received a $4.5m cash bonus, among other compensation

Norwegian Cruise Line Holdings president and CEO Frank Del Rio received compensation valued at $10.5m in 2017, up from $2.9m the year before.

Del Rio's base salary held at $1.5m. His stock awards were worth more than $3.7m, up from $625,000, and options were flat at $535,000. He also received a $4.5m cash bonus. $213,500 in other compensation included a $2,000 monthly car allowance and other personal benefits.

Montague but not Binder among the five named officers

‚ÄčThe company's other named officers were EVP and CFO Wendy Beck, who resigned this past March; Andy Stuart, president and CEO, Norwegian Cruise Line; Jason Montague, president and CEO, Regent Seven Seas Cruises, who became a named officer for the first time; and Robin Lindsay, EVP vessel operations. (In 2016, named officers included Bob Binder, vice chairman, Oceania Cruises and Regent Seven Seas Cruises, and president and CEO, Oceania.)

‚ÄčThe value of Stuart's total compensation went to $3.2m from $2.8m in 2016. His salary held at $650,000. Stock awards were valued at more than $1.5m, up slightly, while there were no option awards, compared to $649,000 the prior year. His cash bonus was $975,00. Other compensation was $47,700.

Montague's compensation was $3.2m, up from $2.3m in 2016. His salary held at $650,000, stock awards were valued at more than $1.5m, and he earned a $975,000 cash bonus. Other compensation was $46,600.

Lindsay received total compensation valued at nearly $3.2m, up from $2.5m, including a $650,000 salary and stock awards valued at more than $1.5m. His cash bonus was $975,000, and other compensation was $38,600.

Beck's compensation increased to nearly $3.2m, up from $2.3m. Her salary was $650,000. Stock awards were valued at more than $1.5m, and she earned a cash bonus of $975,000. Other compensation was nearly $31,400.

Posted 27 April 2018

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Anne Kalosh

Editor, Seatrade Cruise News & Senior Associate Editor Seatrade Cruise Review