Norwegian Cruise Line (NCLH) insider buying and selling
Every Table I transaction reported by directors and officers of S&P 500 companies on SEC Form 4 filings (2 business days to file): each row labeled with its official transaction code, nothing filtered out beforehand.
Open-market purchases (code P) are the rare signal, in green; sales (code S) are common and often pre-scheduled (10b5-1). Table II (derivatives) is not included: its prices are exercise prices, not market values. Guide: insider buying.
| Date | Ticker | Insider | Role | Shares | Price | Amount | % of stake | Type / filing |
|---|
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Norwegian Cruise Line Holdings Ltd. (NCLH) insider buying and selling: 16 purchases, 1 sale
45 Form 4 Table I transactions filed with the SEC by Norwegian Cruise Line Holdings Ltd. insiders between 2025-11-06 and 2026-06-03 (15-month history): 16 open-market purchases and 1 sale, plus 28 transactions under other Form 4 codes, broken down one by one below. The largest open-market trade is a purchase of $12.6M by Pagliuca Stephen G on 2026-06-01.
Norwegian Cruise Line insider buying and selling over the last 12 months
Between Oct 21, 2025 and Oct 20, 2026, Norwegian Cruise Line insiders filed 16 purchases worth $30.9M and 1 sale worth $110k on the open market. The net balance is on the buy side: $30.8M more bought than sold.
The biggest buyer was Pagliuca Stephen G (Director): $25.0M in 2 purchases, out of 13 different buyers. The biggest seller was Ashby Faye L. (SVP & Chief Accounting Officer): $110k in 1 sale, the only seller.
The largest trade of the period was a purchase of $12.6M on Jun 1, 2026, by Pagliuca Stephen G (Director). Form 4 on sec.gov (0001104659-26-070113).
The only sale does not carry the 10b5-1 plan flag on the Form 4 (sales scheduled months ahead).
The last three months show 0 purchases and 0 sales, against 9 and 0 in the three before. The latest purchase is from Jun 2, 2026; the latest sale from Dec 12, 2025.
Against its sector (Consumer Cyclical, 54 companies with an insider page on this site), over the same dates the median is 9 sales and 0 purchases on the open market. Norwegian Cruise Line has more sales than 3 of the other 53, ranks 3 of 54 by net dollars bought, and 18 of the 54 have at least one purchase, Norwegian Cruise Line included.
The 20 most important trades
The 16 open-market purchases first, then the rest, each type from largest to smallest. The full history is in the tool above, already searched.
See all 45 NCLH trades in the full history →
| Trade date | Filed | Insider | Role | Amount | Code | Filing |
|---|---|---|---|---|---|---|
| 2026-06-01 | 2026-06-03 | Pagliuca Stephen G | Director | $12.6M | P — Open-market purchaseForm 4 footnoteF1 The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $17.94 to $18.45, inclusive. The reporting person undertakes to provide to Norwegian Cruise Line Holdings Ltd. ("NCLH"), any security holder of NCLH, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (1). | SEC |
| 2026-06-02 | 2026-06-03 | Pagliuca Stephen G | Director | $12.4M | P — Open-market purchaseForm 4 footnoteF2 The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $17.81 to $18.22, inclusive. The reporting person undertakes to provide to NCLH, any security holder of NCLH, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (2). | SEC |
| 2026-05-22 | 2026-05-26 | Chidsey John | President and CEO | $2.5M | P — Open-market purchaseForm 4 footnoteF1 The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $16.29 to $16.45, inclusive. The reporting person undertakes to provide to Norwegian Cruise Line Holdings Ltd. ("NCLH"), any security holder of NCLH, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (1). | SEC |
| 2025-11-06 | 2025-11-10 | Byng-Thorne Zillah | Director | $525k | P — Open-market purchase | SEC |
| 2026-05-07 | 2026-05-11 | Byng-Thorne Zillah | Director | $521k | P — Open-market purchase Indirect holding, through: By Spouse | SEC |
| 2026-05-20 | 2026-05-21 | Cohen Jonathan Z | Director | $475k | P — Open-market purchaseForm 4 footnoteF1 The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $15.815 to $15.83, inclusive. The reporting person undertakes to provide to Norwegian Cruise Line Holdings Ltd. ("NCLH"), any security holder of NCLH, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (1). | SEC |
| 2025-11-06 | 2025-11-06 | Sommer Harry | Pres. & CEO of NCLH | $463k | P — Open-market purchaseForm 4 footnoteF1 The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $18.45 to $18.58, inclusive. The reporting person undertakes to provide to Norwegian Cruise Line Holdings Ltd. ("NCLH"), any security holder of NCLH, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1). | SEC |
| 2025-11-06 | 2025-11-06 | Montague Jason | Chief Luxury Officer | $252k | P — Open-market purchase Indirect holding, through: By Trust Form 4 footnoteF1 The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $18.74 to $18.87, inclusive. The reporting person undertakes to provide to Norwegian Cruise Line Holdings Ltd. ("NCLH"), any security holder of NCLH, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1). | SEC |
| 2026-05-11 | 2026-05-12 | Macdonald Brian P | Director | $248k | P — Open-market purchaseForm 4 footnoteF1 The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $16.535 to $16.54, inclusive. The reporting person undertakes to provide to Norwegian Cruise Line Holdings Ltd. ("NCLH"), any security holder of NCLH, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (1). | SEC |
| 2025-11-06 | 2025-11-06 | Kempa Mark | EVP & CFO | $197k | P — Open-market purchaseForm 4 footnoteF1 The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $18.47 to $18.60, inclusive. The reporting person undertakes to provide to Norwegian Cruise Line Holdings Ltd. ("NCLH"), any security holder of NCLH, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1). | SEC |
| 2026-05-07 | 2026-05-11 | Lansberry Kevin Allen | Director | $197k | P — Open-market purchaseForm 4 footnoteF1 The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions. The reporting person undertakes to provide to Norwegian Cruise Line Holdings Ltd. ("NCLH"), any security holder of NCLH, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price. | SEC |
| 2026-05-19 | 2026-05-19 | Cil Jose E. | Director | $149k | P — Open-market purchase Indirect holding, through: By Trust 2 Form 4 footnotesF2 The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $14.785 to $15.04, inclusive. The reporting person undertakes to provide to Norwegian Cruise Line Holdings Ltd. ("NCLH"), any security holder of NCLH, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote (2). F1 Includes shares that the reporting person contributed to a grantor retained annuity trust for the benefit of the reporting person's wife and children in December 2025. | SEC |
| 2025-11-06 | 2025-11-10 | David Stella | Director | $130k | P — Open-market purchaseForm 4 footnoteF1 The purchase was made in British Pounds Sterling (GBP) and was converted to U.S. Dollars based on the foreign currency exchange rate as of November 6, 2025 (at GBP 1.00 = USD 1.30334). | SEC |
| 2025-11-25 | 2025-11-25 | Dahlgren Patrik | EVP, Chief Vessel Ops & NO | $100k | P — Open-market purchaseForm 4 footnoteF1 The price reported in Column 4 is a weighted-average price. These shares were purchased in multiple transactions at prices ranging from $17.91 to $17.96, inclusive. The reporting person undertakes to provide to Norwegian Cruise Line Holdings Ltd. ("NCLH"), any security holder of NCLH, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1). | SEC |
| 2025-11-07 | 2025-11-12 | Curtis Harry C | Director | $96k | P — Open-market purchase | SEC |
| 2026-05-18 | 2026-05-19 | Cil Jose E. | Director | $76k | P — Open-market purchase Indirect holding, through: By Trust Form 4 footnoteF1 Includes shares that the reporting person contributed to a grantor retained annuity trust for the benefit of the reporting person's wife and children in December 2025. | SEC |
| 2025-12-12 | 2025-12-16 | Ashby Faye L. | SVP & Chief Accounting Officer | $110k | S — Open-market saleForm 4 footnoteF1 These shares were sold in a single transaction at a price of $21.00 per share. | SEC |
| 2026-03-01 | 2026-03-03 | Kempa Mark | EVP & CFO | $1.7M | F — Tax withholding (shares surrendered for taxes)4 Form 4 footnotesF1 Represents shares withheld by NCLH to satisfy tax withholding obligations in connection with the vesting of 132,100 performance share units granted to the reporting person on March 1, 2023. F2 Represents shares withheld by NCLH to satisfy tax withholding obligations in connection with the vesting of 22,017 restricted share units granted to the reporting person on March 1, 2023. F3 Represents shares withheld by NCLH to satisfy tax withholding obligations in connection with the vesting of 18,316 restricted share units granted to the reporting person on March 1, 2024. F4 Represents shares withheld by NCLH to satisfy tax withholding obligations in connection with the vesting of 17,463 restricted share units granted to the reporting person on March 3, 2025. | SEC |
| 2026-03-01 | 2026-03-03 | Farkas Daniel S | EVP GC, CDO & Sec'y | $1.7M | F — Tax withholding (shares surrendered for taxes)4 Form 4 footnotesF1 Represents shares withheld by NCLH to satisfy tax withholding obligations in connection with the vesting of 22,017 restricted share units granted to the reporting person on March 1, 2023. F2 Represents shares withheld by NCLH to satisfy tax withholding obligations in connection with the vesting of 132,100 performance share units granted to the reporting person on March 1, 2023. F3 Represents shares withheld by NCLH to satisfy tax withholding obligations in connection with the vesting of 17,712 restricted share units granted to the reporting person on March 1, 2024. F4 Represents shares withheld by NCLH to satisfy tax withholding obligations in connection with the vesting of 16,400 restricted share units granted to the reporting person on March 3, 2025. | SEC |
| 2026-03-01 | 2026-03-03 | Dahlgren Patrik | EVP, Chief Vessel Ops & NO | $1.2M | F — Tax withholding (shares surrendered for taxes)4 Form 4 footnotesF1 Represents shares withheld by NCLH to satisfy tax withholding obligations in connection with the vesting of 90,252 performance share units granted to the reporting person on July 5, 2023. F2 Represents shares withheld by NCLH to satisfy tax withholding obligations in connection with the vesting of 15,042 restricted share units granted to the reporting person on July 5, 2023. F3 Represents shares withheld by NCLH to satisfy tax withholding obligations in connection with the vesting of 17,798 restricted share units granted to the reporting person on March 1, 2024. F4 Represents shares withheld by NCLH to satisfy tax withholding obligations in connection with the vesting of 17,463 restricted share units granted to the reporting person on March 3, 2025. | SEC |
The period balance: money in, money out
Across the Form 4 filings submitted between Nov 6, 2025 and Jun 3, 2026, Norwegian Cruise Line Holdings Ltd. open-market activity adds up to 16 purchases worth $30.9M and 1 sale worth $110k. The net balance is $30.8M on the buy side.
Only codes P and S count, where an insider puts in or takes out their own money. A buying balance like Norwegian Cruise Line Holdings Ltd.'s is the less common case in the S&P 500: its insiders are already paid in stock and still put in their own money. It is not a recommendation to buy or sell: it is what was filed.
Every transaction, code by code
| Code | What it means | Trades | Reported amount |
|---|---|---|---|
| A | Grant or award | 23 | $5.8M |
| P | Open-market purchase | 16 | $30.9M |
| F | Tax withholding (shares surrendered for taxes) | 5 | $4.9M |
| S | Open-market sale | 1 | $110k |
| Total | Everything filed in the period | 45 | $41.7M |
17 of the 45 rows carry no usable amount on the Form 4: they count as trades and add $0. The code labels come from the SEC index.
Who has traded
Over the 15 months of history, 20 distinct people or entities have filed Norwegian Cruise Line Holdings Ltd. transactions: 13 bought on the open market and 1 sold. Counted by CIK, the fixed number the SEC gives each filer, and not by name, which each filer types their own way.
| Filer | Role | Transactions | Bought (count) | Sold (count) | Last filed |
|---|---|---|---|---|---|
| Pagliuca Stephen G | Director | 3 | $25.0M (2) | — | 2026-06-03 |
| Chidsey John | President and CEO | 3 | $2.5M (1) | — | 2026-05-26 |
| Byng-Thorne Zillah | Director | 3 | $1.0M (2) | — | 2026-05-11 |
| Cohen Jonathan Z | Director | 2 | $475k (1) | — | 2026-05-21 |
| Sommer Harry | Pres. & CEO of NCLH | 1 | $463k (1) | — | 2025-11-06 |
| Montague Jason | Chief Luxury Officer | 3 | $252k (1) | — | 2026-03-10 |
| Macdonald Brian P | Director | 2 | $248k (1) | — | 2026-05-12 |
| Cil Jose E. | Director | 3 | $225k (2) | — | 2026-05-19 |
Shown here are the 8 who moved the most money, out of 20. The rest are in the full history, one link above. The name links to all their trades, in any company. "Transactions" counts any code; the money, open market only. Role: from their latest filing.
Month by month
By the month the trade was executed, not the month it was filed; months with no trades show zero. The busiest month was Nov 2025: 7 purchases and 0 sales, worth $1.8M. 11 of the 15 months have none.
| Month | Purchases | Amount | Sales | Amount |
|---|---|---|---|---|
| Aug 2025 | 0 | $0 | 0 | $0 |
| Sep 2025 | 0 | $0 | 0 | $0 |
| Oct 2025 | 0 | $0 | 0 | $0 |
| Nov 2025 | 7 | $1.8M | 0 | $0 |
| Dec 2025 | 0 | $0 | 1 | $110k |
| Jan 2026 | 0 | $0 | 0 | $0 |
| Feb 2026 | 0 | $0 | 0 | $0 |
| Mar 2026 | 0 | $0 | 0 | $0 |
| Apr 2026 | 0 | $0 | 0 | $0 |
| May 2026 | 7 | $4.2M | 0 | $0 |
| Jun 2026 | 2 | $25.0M | 0 | $0 |
| Jul 2026 | 0 | $0 | 0 | $0 |
| Aug 2026 | 0 | $0 | 0 | $0 |
| Sep 2026 | 0 | $0 | 0 | $0 |
| Oct 2026 | 0 | $0 | 0 | $0 |
The last month may be partial: a Form 4 is filed up to two business days later. The table does not say whether the pattern is good or bad; it says when it happened.
Norwegian Cruise Line Holdings Ltd. (NCLH) analysis page →
Other Consumer Cyclical companies with insider trades
All 500 are listed in the section index →
Which insiders are buying their own company stock →
How to read this data
None of the 1 sale in the table is flagged as scheduled (10b5-1 plan), the kind signed months ahead and executed automatically. Norwegian Cruise Line's 16 open-market purchases (code P) are the rare signal: insiders are already paid in stock, so buying more means putting in their own money. The latest filing is from Jun 3, 2026, and a Form 4 arrives up to two business days after the trade.
17 of the 20 rows in the table carry footnotes from the Form 4 itself, folded into the code column and copied verbatim; a row with no footnote means the filing has none.
Guide: Insider buying · all guides
What is behind these trades
The concepts on this page, explained from scratch in the Academy. Free, no account.
- What the efficiency hypothesis says and what it does NOT sayIf an insider's purchase is public and anyone can read it, is there any information left in it? That is the exact question that brings people here.
- Who really moves the market: the types of investorWho sits on the other side of each order, and where a company's own insiders fit among them.
- Supply, demand and price: why it rises and falls constantlyHow a piece of news ends up inside the price, and why the reaction to a filed sale is rarely the one you would expect.
Source: SEC EDGAR Form 4. This is a list of public facts, not financial advice or a recommendation to buy or sell.