News:News Headlines

Fain stock plan would sell up to 360,000 shares

Stock sale would facilitate the diversification of Richard Fain's personal assets Stock sale would facilitate the diversification of Richard Fain's personal assets

Richard Fain, chairman and ceo of Royal Caribbean Cruises Ltd., entered into a pre-arranged stock trading plan that provides for the sale of up to 360,000 shares of common stock between March 2017 and September 2018.

The sale would facilitate the diversification of Fain's personal assets, according to a filing.

The share sales are subject to specified minimum market prices.

In the event all of the shares are sold and based on his current ownership, Fain would continue to beneficially own approximately 1,040,000 shares of RCL common stock, including approximately 350,000 shares underlying stock option, restricted stock unit and performance share awards granted under equity compensation plans.

This total doesn't include additional shares of common stock owned by trusts primarily for the benefit of members of the Fain family.

RCL closed at $95.93, down 82 cents, on Thursday.

Posted 16 February 2017

© Copyright 2017 Seatrade UBM (UK) Ltd. Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Seatrade UBM (UK) Ltd.

Anne Kalosh

US editor of Seatrade Cruise Review and Seatrade Cruise News

The A-Z of Cruise Brands, their Fleets and Passengers 2017

The must-have cruise brand directory is here!

As you know, with new brands and ships being introduced on a regular basis, keeping up-to-speed with the cruise lines can be a challenging and time consuming task. However, it is vital for staying competitive in such a dynamic and growing industry.

This essential directory is designed to help you stay one step ahead of the game. Dedicated to giving you a comprehensive overview of the cruise lines and their brands, this indispensable resource includes

  • Months of extensive research on the information you need to know, all complied into an easy-to-read online directory
  • Information on 55 cruise brands, including detailing on their fleets, passenger demographics and current deployment; all sorted by current industry categories
  • A comprehensive guide to 288 cruise ships, plus 72 "on-order" ships 

Click here to get your copy!