Chairman and CEO Richard Fain's compensation rose to a total of $13.4m, up from $10.4m in 2016. This included a salary of $1.1m, stock awards valued at $7.6m and $4.3m in non-equity incentive compensation. $155,000 in other compensation included an auto lease, life insurance, a retirement plan and benefit payouts.
Michael Bayley second most highly compensated
For the first time, the company's second most highly compensated executive was Michael Bayley, president and CEO of Royal Caribbean International, with a package worth nearly $8.2m, up from $3.9m. One-time stock awards valued at $2.8m comprised a big part of the increase.
Bayley's salary rose to $792,000 from $696,000, on-cycle stock awards were worth $2.8m, and he received non-equity incentive compensation of $1.5m. Other compensation was $135,000.
CFO Jason Liberty also rises
CFO Jason Liberty's compensation also rose sharply, and was valued at $6.9m, up from $2.6m. One-time stock awards valued at $2.8m were a big part of the increase.
Liberty's salary went up to $692,000, a $100,000 increase, stock awards were higher, valued at $1.7m and his non-equity incentive compensation nearly doubled, to $1.5m, while other compensation was $126,000.
Adam Goldstein's raise
Adam Goldstein, president and chief operating officer, who is transitioning to vice chairman next month, received compensation valued at $6.7m, up from $4m. A good chunk of the increase was nearly $1.9m in one-time stock awards.
Goldstein's salary was $848,000. On-cycle stock awards were valued at nearly $1.9m and non-equity incentive compensation topped $1.9m. Other compensation was $119,000.
Hike for Lisa Lutoff-Perlo
Compensation for Lisa Lutoff-Perlo, president and CEO of Celebrity Cruises, rose to $5.3m, up from $2.3m in 2016, when she became a named officer of the company for the first time. One-time stock awards accounted for nearly $1.9m.
Lutoff-Perlo's salary was slightly higher, $596,000, on-cycle stock awards were valued at nearly $1.6m and her non-equity incentive compensation topped $1m. She also received $124,000 in other compensation.