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Fain nets $2.56m in RCL shares sale

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Richard Fain sold the shares as part of a pre-arranged plan announced last February
Richard Fain, chairman and CEO of Royal Caribbean Cruises Ltd., sold 20,000 RCL shares for a total of $2.56m.

The shares were sold Jan. 16 in a series of trades on the open market, at an average price of $128.10.

The sales were part of a pre-arranged trading plan Fain disclosed last February.

According to a filing, he still directly holds 807,741 shares, while another 216,206 are indirectly held via family trusts.

RCL closed at $130.21, up $3.46, on Wednesday.