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Fain to sell up to 240,000 RCL shares in pre-arranged plan

Richard Fain
The sales are to facilitate the diversification of Richard Fain's personal assets
Royal Caribbean Cruises Ltd. Chairman and CEO Richard Fain entered into a pre-arranged stock trading plan that provides for the sale of up to 240,000 RCL shares between July 2019 and June 2020.

According to a filing, the sales are to facilitate the diversification of Fain's personal assets.

In the event all the shares subject are sold and based on his current ownership, Fain would continue to beneficially own approximately 1,119,399 shares of RCL common stock, including approximately 217,168 shares of underlying stock option, restricted stock unit and performance share awards.

This total does not include additional shares owned by trusts primarily for the benefit of members of the Fain family.