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Fain sells $2.5m worth of RCL shares

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The share sales are part of a previously disclosed trading plan to diversify Richard Fain's personal assets
Richard Fain, chairman and CEO of Royal Caribbean Cruises Ltd., sold 20,000 RCL shares for a total of just over $2.5m.

The sales were executed Oct. 13 in a series of transactions at an average weighted price of $125.70 and are part of a Rule 10b5-1 trading plan adopted by Fain in February to diversify his personal assets.

Following the sale the RCL chairman still directly holds 907,741 RCL shares and, indirectly through various family trusts, an additional 216,206 shares, according to a filing.