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As stock soars, Fain, Goldstein net millions in RCL share sales

Adam Goldstein, left, sold almost $8.9m worth of stock and Richard Fain about $7.95m
Update: RCL shares broke through $100 in Tuesday trading and Richard Fain sold 70,000 additional shares at a weighted average price of $99.62. He disposed of an additional nearly 23,000 shares as a charitable contribution. On a day when Royal Caribbean's stock hit a high of $99.37, two top company officers made millions selling shares in a series of trades.

RCL rose above $99 for the first time Monday in the session following the company's upbeat third quarter earnings report on Friday. Shares closed at $98.73, up 74 cents.

Adam Goldstein, president and chief operating officer of Royal Caribbean Cruises Ltd., made just under $8.9m selling 90,000 shares. The weighted average price per share was $98.87 in sales ranging from $98.52 to $99.33.

Following the sale Goldstein directly owns 253,153 common shares.

Chairman and ceo Richard Fain sold 80,516 shares for a total of $7.95m. The weighted average price per share was $98.80 in sales ranging from $98.28 to $99.36.

At the same time, Fain executed options to convert securities into common stock—28,269 shares at $44.41 and 52,247 shares at $45.29. Following the transactions he directly owns more than 3m common shares and indirectly holds an additional nearly 427,000 shares.