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Oceania Cruises CEO Binder sells $2.27m NCLH sharesOceania Cruises CEO Binder sells $2.27m NCLH shares

Bob Binder, president and CEO of Oceania Cruises and vice chairman, Oceania and Regent Seven Seas Cruises, sold 91,484 Norwegian Cruise Line Holdings shares for $2.265m.

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

December 17, 2020

1 Min Read
Credit: Seatrade Cruise News

Binder sold the shares in two tranches, each in multiple trades, on Dec. 15. Some 35,066 shares were sold at an average price of $24.32 per share, and 56,418 shares were sold at an average price of $25.04.

Part of a trading plan

The shares were sold as part of a Rule 10b5-1 trading plan adopted by Binder on Sept. 15. Rule 10b5-1 permits major holders to sell a predetermined number of shares at a predetermined time.

Following the sales, Binder still holds 228,831 NCLH shares.

NCLH closed at $25.41, down 5 cents, on Thursday.

 

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.

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