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Jason Liberty's 2023 compensation valued at $17.2m

Jason Liberty, president/CEO of Royal Caribbean Group, received compensation valued at $17.2m in 2023, up from $10.7m the year before.

Royal Caribbean's 2023 adjusted net income was $1.8b on revenues of $13.9b. The company forecasts a 40% earnings spike in 2024 and expects to meet two 'Trifecta' goals a year earlier than expected.

Liberty's compensation included a salary of $1,246,986, stock awards valued at $11.5m, up from $7m in 2022; and a nearly $4.3m bonus, almost doubled from 2022. Plus, 'other compensation' of $189,252 included a auto lease, security and contributions to the company's retirement savings plan and other perks.

Michael Bayley

The company's second most highly compensated officer was Michael Bayley, president/CEO, Royal Caribbean International, with $10.8m, up from $7.7m in 2022, mainly due to the higher value of stock awards and a larger bonus. Bayley's salary was $1,082,890.

Lisa Lutoff-Perlo separation date April 25

The compensation for Lisa Lutoff-Perlo, former president/CEO, Celebrity Cruises, was $9.7m, up from $4.7m in 2022, mainly due to a $4.1m transition and separation payment. Lutoff-Perlo transitioned to vice chair, Royal Caribbean Group, on May 1, 2023.

Her separation from the company is scheduled for April 25, a date coinciding with Royal Caribbean Group's first quarter earnings report.

Naftali Holtz

CFO Naftali Holtz received total compensation valued at $4.8m, up from $2.8m. This includes a salary of $792,466.

Harri Kulovaara

Harri Kulovaara, EVP maritime, Royal Caribbean Group, received compensation valued at $4.6m, up from $3.6m. His salary was $ 878,222.

Laura Hodges Bethge

Laura Hodges Bethge, promoted to president, Celebrity Cruises, on May 1 last year, joined the company's named officers for the first time. Her total compensation was valued at $3.3m, including a salary of $724,104.