Sponsored By

Value of stock awards, options lifted Del Rio's 2015 compensation to $32mValue of stock awards, options lifted Del Rio's 2015 compensation to $32m

Norwegian Cruise Line Holdings chief executive Frank Del Rio received compensation valued at $31.9m in 2015, elevated by nearly $17.8m in stock options and $10.3m in stock awards. His cash income was about $4m including a salary of over $1.8m, and a bonus of $1.9m, according to a proxy.

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

April 7, 2016

1 Min Read
Credit: Seatrade Cruise News

Other compensation of $140,651 included a cash automobile allowance, tax preparation service and a country club membership, among other items.

NCLH named officers in 2015 also included Kevin Sheehan, who resigned on Jan. 8, the day Del Rio took over the president and ceo roles. Sheehan's total compensation was more than $3.6m, including almost $3.3m in severance.

The next highest compensated executives were Jason Montague, president and chief operating officer, Oceania Cruises and Regent Seven Seas Cruises, at just under $3.4m, and Andy Stuart, president and chief operating officer, Norwegian Cruise Line, at $3.3m.

Montague's salary was $650,00, and he received stock options valued at nearly $2.2m. Stuart's salary was $628,000, and his options were worth $2m.

NCLH evp and cfo Wendy Beck's compensation totaled almost $2.2m. Her salary was $625,000 and options were valued at a little over $1m.

Montague, Stuart and Beck also received cash bonuses of about half a million dollars each.

Compensation for Bob Binder, vice chairman, Oceania Cruises and Regent, totaled almost $1.8m, including a salary of $891,000 and a consulting-related bonus of nearly $758,000.

About the Author

Anne Kalosh

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

Anne Kalosh covers global stories, reporting both breaking and in-depth news on cruising's significant people, places, ships and trends. A sought-after expert on cruising, she has moderated conferences around the world, including the high-profile State of the Industry panel at Seatrade Cruise Global. She created and led the acclaimed itinerary-planning case study for Seatrade's cruise master classes held at Cambridge and Oxford universities. She has been the cruise columnist for AFAR.com, and her freelance stories have appeared in a wide range of publications, from The New York Times to The Miami Herald.

The latest cruise news, analysis and more straight to your inbox
Get the free newsletter read by industry experts

You May Also Like