Royal Caribbean Cruises (RCL) 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 |
|---|
Download these transactions as CSV No account, no sign-up. The data is public: it comes from SEC Form 4 filings.
Royal Caribbean Cruises Ltd. (RCL) insider buying and selling: no purchases, 18 sales
80 Form 4 Table I transactions filed with the SEC by Royal Caribbean Cruises Ltd. insiders between 2025-10-03 and 2026-08-03 (15-month history): 0 open-market purchases and 18 sales, plus 62 transactions under other Form 4 codes, broken down one by one below. The largest open-market trade is a sale of $113.4M by Wilhelmsen Arne Alexander on 2026-02-26.
Royal Caribbean Cruises insider buying and selling over the last 12 months
Between Oct 21, 2025 and Oct 20, 2026, Royal Caribbean Cruises insiders filed 18 sales worth $631.0M on the open market, and no purchases.
The biggest seller was Wilhelmsen Arne Alexander (Director): $549.6M in 10 sales, out of 7 different sellers.
The largest trade of the period was a sale of $113.4M on Feb 26, 2026, by Wilhelmsen Arne Alexander (Director). Form 4 on sec.gov (0001317345-26-000013).
None of the 18 sales carries the 10b5-1 plan flag on the Form 4 (sales scheduled months ahead).
The last three months show 1 sale, against 0 in the three before. The latest sale from Jul 29, 2026.
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. Royal Caribbean Cruises has more sales than 37 of the other 53, ranks 3 of 54 by net dollars sold, and 18 of the 54 have at least one purchase.
The 20 most important trades
With no open-market purchases, the table starts with RCL's sales, largest first. The full history is in the tool above, already searched.
See all 80 RCL trades in the full history →
| Trade date | Filed | Insider | Role | Amount | Code | Filing |
|---|---|---|---|---|---|---|
| 2026-02-26 | 2026-02-27 | Wilhelmsen Arne Alexander | Director | $113.4M | S — Open-market sale Indirect holding, through: See Footnote 6 Form 4 footnotesF9 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 26, 2026. The actual sale prices ranged from a low of $315.115 to a high of $316.11. F10 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 26, 2026. The actual sale prices ranged from a low of $316.12 to a high of $317.11. F11 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 26, 2026. The actual sale prices ranged from a low of $317.1189 to a high of $318.1149. F12 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 26, 2026. The actual sale prices ranged from a low of $318.115 to a high of $319.11. F13 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 26, 2026. The actual sale prices ranged from a low of $319.115 to a high of $320.11. F14 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 26, 2026. The actual sale prices ranged from a low of $320.135 to a high of $320.9625. | SEC |
| 2026-02-24 | 2026-02-24 | Wilhelmsen Arne Alexander | Director | $109.0M | S — Open-market sale Indirect holding, through: See Footnote 10 Form 4 footnotesF16 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 24, 2026. The actual sale prices ranged from a low of $310.00 to a high of $310.995. F17 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 24, 2026. The actual sale prices ranged from a low of $311.01 to a high of $311.94. F18 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 24, 2026. The actual sale prices ranged from a low of $312.00 to a high of $312.99. F19 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 24, 2026. The actual sale prices ranged from a low of $313.00 to a high of $313.99. F20 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 24, 2026. The actual sale prices ranged from a low of $314.00 to a high of $314.96. F21 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 24, 2026. The actual sale prices ranged from a low of $315.00 to a high of $315.9942. F22 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 24, 2026. The actual sale prices ranged from a low of $316.00 to a high of $316.9951. F23 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 24, 2026. The actual sale prices ranged from a low of $317.00 to a high of $317.9942. F24 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 24, 2026. The actual sale prices ranged from a low of $318.00 to a high of $318.75. F25 This includes 13,172,258 shares of RCL stock owned by AWILHELMSEN AS and 4,035,259 shares of RCL stock owned by AWILHELMSEN ASSET MANAGEMENT AS. AWILHELMSEN AS has the power to vote and dispose of the shares owned by AWILHELMSEN ASSET MANAGEMENT AS pursuant to an agreement between the parties. The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein. | SEC |
| 2026-02-27 | 2026-02-27 | Wilhelmsen Arne Alexander | Director | $76.5M | S — Open-market sale Indirect holding, through: See Footnote 6 Form 4 footnotesF15 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 27, 2026. The actual sale prices ranged from a low of $310.00 to a high of $310.9981. F16 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 27, 2026. The actual sale prices ranged from a low of $311.00 to a high of $311.9975. F17 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 27, 2026. The actual sale prices ranged from a low of $312.00 to a high of $312.99. F18 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 27, 2026. The actual sale prices ranged from a low of $313.00 to a high of $313.99. F19 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 27, 2026. The actual sale prices ranged from a low of $314.00 to a high of $314.87. F20 This includes 12,400,651 shares of RCL stock owned by AWILHELMSEN AS and 4,035,259 shares of RCL stock owned by AWILHELMSEN ASSET MANAGEMENT AS. AWILHELMSEN AS has the power to vote and dispose of the shares owned by AWILHELMSEN ASSET MANAGEMENT AS pursuant to an agreement between the parties. The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein. | SEC |
| 2026-02-17 | 2026-02-18 | Wilhelmsen Arne Alexander | Director | $58.5M | S — Open-market sale Indirect holding, through: See Footnote 11 Form 4 footnotesF13 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 17, 2026. The actual sale prices ranged from a low of $321.10 to a high of $322.09. F14 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 17, 2026. The actual sale prices ranged from a low of $322.10 to a high of $323.0988. F15 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 17, 2026. The actual sale prices ranged from a low of $323.10 to a high of $324.09. F16 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 17, 2026. The actual sale prices ranged from a low of $324.10 to a high of $325.09. F17 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 17, 2026. The actual sale prices ranged from a low of $325.10 to a high of $326.0729. F18 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 17, 2026. The actual sale prices ranged from a low of $326.10 to a high of $327.09. F19 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 17, 2026. The actual sale prices ranged from a low of $327.10 to a high of $328.085. F20 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 17, 2026. The actual sale prices ranged from a low of $328.105 to a high of $329.10. F21 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 17, 2026. The actual sale prices ranged from a low of $329.11 to a high of $330.09. F22 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 17, 2026. The actual sale prices ranged from a low of $330.11 to a high of $330.50. F23 This includes 13,852,248 shares of RCL stock owned by AWILHELMSEN AS and 4,035,259 shares of RCL stock owned by AWILHELMSEN ASSET MANAGEMENT AS. AWILHELMSEN AS has the power to vote and dispose of the shares owned by AWILHELMSEN ASSET MANAGEMENT AS pursuant to an agreement between the parties. The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein. | SEC |
| 2026-02-25 | 2026-02-27 | Wilhelmsen Arne Alexander | Director | $53.7M | S — Open-market sale Indirect holding, through: See Footnote 8 Form 4 footnotesF1 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 25, 2026. The actual sale prices ranged from a low of $312.70 to a high of $313.698. The reporting person undertakes to provide upon request of the SEC Staff or a Royal Caribbean Cruises Ltd. security holder full information regarding the number of shares sold at each price within the ranges set forth in footnotes 1 - 19 to this Form 4. F2 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 25, 2026. The actual sale prices ranged from a low of $313.7043 to a high of $314.64. F3 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 25, 2026. The actual sale prices ranged from a low of $314.74 to a high of $315.65. F4 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 25, 2026. The actual sale prices ranged from a low of $315.715 to a high of $316.68. F5 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 25, 2026. The actual sale prices ranged from a low of $316.73 to a high of $317.69. F6 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 25, 2026. The actual sale prices ranged from a low of $317.70 to a high of $318.6902. F7 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 25, 2026. The actual sale prices ranged from a low of $318.70 to a high of $319.63. F8 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 25, 2026. The actual sale prices ranged from a low of $319.8235 to a high of $320.5788. | SEC |
| 2026-02-20 | 2026-02-24 | Wilhelmsen Arne Alexander | Director | $34.4M | S — Open-market sale Indirect holding, through: See Footnote 8 Form 4 footnotesF1 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 20, 2026. The actual sale prices ranged from a low of $310.00 to a high of $310.978. The reporting person undertakes to provide upon request of the SEC Staff or a Royal Caribbean Cruises Ltd. security holder full information regarding the number of shares sold at each price within the ranges set forth in footnotes 1 - 24 to this Form 4. F2 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 20, 2026. The actual sale prices ranged from a low of $311.00 to a high of $311.975. F3 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 20, 2026. The actual sale prices ranged from a low of $312.01 to a high of $312.9513. F4 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 20, 2026. The actual sale prices ranged from a low of $313.00 to a high of $313.985. F5 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 20, 2026. The actual sale prices ranged from a low of $314.00 to a high of $314.99. F6 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 20, 2026. The actual sale prices ranged from a low of $315.00 to a high of $315.9975. F7 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 20, 2026. The actual sale prices ranged from a low of $316.00 to a high of $316.99. F8 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 20, 2026. The actual sale prices ranged from a low of $317.00 to a high of $317.13. | SEC |
| 2026-02-18 | 2026-02-20 | Wilhelmsen Arne Alexander | Director | $33.6M | S — Open-market sale Indirect holding, through: See Footnote 10 Form 4 footnotesF1 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 18, 2026. The actual sale prices ranged from a low of $316.82 to a high of $317.79. The reporting person undertakes to provide upon request of the SEC Staff or a Royal Caribbean Cruises Ltd. security holder full information regarding the number of shares sold at each price within the ranges set forth in footnotes 1 - 19 to this Form 4. F2 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 18, 2026. The actual sale prices ranged from a low of $317.85 to a high of $318.815. F3 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 18, 2026. The actual sale prices ranged from a low of $318.82 to a high of $319.75. F4 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 18, 2026. The actual sale prices ranged from a low of $319.82 to a high of $320.16. F5 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 18, 2026. The actual sale prices ranged from a low of $321.00 to a high of $321.75. F6 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 18, 2026. The actual sale prices ranged from a low of $321.97 to a high of $322.80. F7 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 18, 2026. The actual sale prices ranged from a low of $322.85 to a high of $323.66. F8 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 18, 2026. The actual sale prices ranged from a low of $324.00 to a high of $324.815. F9 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 18, 2026. The actual sale prices ranged from a low of $324.82 to a high of $325.81. F10 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 18, 2026. The actual sale prices ranged from a low of $325.82 to a high of $326.59. | SEC |
| 2026-02-13 | 2026-02-18 | Wilhelmsen Arne Alexander | Director | $32.7M | S — Open-market sale Indirect holding, through: See Footnote 12 Form 4 footnotesF1 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $319.01 to a high of $319.99. The reporting person undertakes to provide upon request of the SEC Staff or a Royal Caribbean Cruises Ltd. security holder full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 1 - 22 to this Form 4. F2 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $320.02 to a high of $320.9842. F3 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $321.0282 to a high of $321.6845. F4 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $323.00 to a high of $323.49. F5 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $325.00 to a high of $325.99. F6 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $326.00 to a high of $326.999. F7 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $327.00 to a high of $327.97. F8 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $328.00 to a high of $328.9975. F9 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $329.00 to a high of $329.9997. F10 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $330.00 to a high of $330.675. F11 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $331.00 to a high of $331.9009. F12 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $332.00 to a high of $332.3251. | SEC |
| 2026-02-19 | 2026-02-20 | Wilhelmsen Arne Alexander | Director | $31.8M | S — Open-market sale Indirect holding, through: See Footnote 10 Form 4 footnotesF11 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 19, 2026. The actual sale prices ranged from a low of $310.00 to a high of $310.9858. F12 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 19, 2026. The actual sale prices ranged from a low of $311.00 to a high of $311.93. F13 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 19, 2026. The actual sale prices ranged from a low of $312.005 to a high of $312.995. F14 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 19, 2026. The actual sale prices ranged from a low of $313.00 to a high of $313.9862. F15 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 19, 2026. The actual sale prices ranged from a low of $314.007 to a high of $314.9975. F16 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 19, 2026. The actual sale prices ranged from a low of $315.0025 to a high of $315.9994. F17 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 19, 2026. The actual sale prices ranged from a low of $316.00 to a high of $316.98. F18 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 19, 2026. The actual sale prices ranged from a low of $317.00 to a high of $317.78. F19 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 19, 2026. The actual sale prices ranged from a low of $318.00 to a high of $318.50. F20 This includes 13,645,806 shares of RCL stock owned by AWILHELMSEN AS and 4,035,259 shares of RCL stock owned by AWILHELMSEN ASSET MANAGEMENT AS. AWILHELMSEN AS has the power to vote and dispose of the shares owned by AWILHELMSEN ASSET MANAGEMENT AS pursuant to an agreement between the parties. The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein. | SEC |
| 2026-02-13 | 2026-02-13 | Liberty Jason T | President & CEO | $29.7M | S — Open-market sale11 Form 4 footnotesF1 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $322.34 to a high of $322.995. The reporting person undertakes to provide upon request of the SEC Staff or a Royal Caribbean Cruises Ltd. security holder full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 1 -- 11 to this Form 4. F2 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $323.00 to a high of $323.93. F3 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $324.03 to a high of $324.995. F4 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $325.00 to a high of $325.99. F5 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $326.01 to a high of $326.965. F6 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $327.00 to a high of $327.99. F7 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $328.00 to a high of $328.99. F8 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $329.00 to a high of $329.94. F9 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $330.12 to a high of $330.87. F10 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $331.055 to a high of $331.71. F11 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $332.235 to a high of $332.33. | SEC |
| 2026-02-13 | 2026-02-13 | Bayley Michael W | Pres&CEO, Royal Caribbean Intl | $26.1M | S — Open-market sale11 Form 4 footnotesF1 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $322.34 to a high of $322.995. The reporting person undertakes to provide upon request of the SEC Staff or a Royal Caribbean Cruises Ltd. security holder full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 1 - 11 to this Form 4. F2 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $323.00 to a high of $323.97. F3 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $324.05 to a high of $324.99. F4 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $325.00 to a high of $325.99. F5 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $326.01 to a high of $326.97. F6 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $327.00 to a high of $327.97. F7 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $328.00 to a high of $328.97. F8 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $329.00 to a high of $329.74. F9 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $330.00 to a high of $330.96. F10 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $331.055 to a high of $331.71. F11 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $332.00 to a high of $332.33. | SEC |
| 2026-02-13 | 2026-02-13 | Holtz Naftali | Chief Financial Officer | $16.7M | S — Open-market sale11 Form 4 footnotesF1 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $322.5975 to a high of $322.96. The Reporting Person undertakes to provide upon request of the SEC Staff or a Royal Caribbean Cruises Ltd. security holder full information regarding the number of shares sold at each price within the ranges set forth in footnotes 1-11 to this Form 4. F2 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $323.08 to a high of $323.99. F3 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $324.03 to a high of $324.965. F4 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $325.01 to a high of $325.99. F5 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $326.01 to a high of $326.99. F6 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $327.00 to a high of $327.985. F7 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $328.00 to a high of $328.98. F8 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $329.00 to a high of $329.855. F9 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $330.055 to a high of $330.72. F10 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $331.055 to a high of $331.78. F11 Represents the weighted-average sale price per share of a series of transactions, all of which were executed on February 13, 2026. The actual sale prices ranged from a low of $332.00 to a high of $332.325. | SEC |
| 2026-02-23 | 2026-02-24 | Wilhelmsen Arne Alexander | Director | $6.1M | S — Open-market sale Indirect holding, through: See Footnote 7 Form 4 footnotesF9 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 23, 2026. The actual sale prices ranged from a low of $314.62 to a high of $315.01. F10 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 23, 2026. The actual sale prices ranged from a low of $315.20 to a high of $316.00. F11 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 23, 2026. The actual sale prices ranged from a low of $316.26 to a high of $317.1107. F12 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 23, 2026. The actual sale prices ranged from a low of $317.125 to a high of $318.0497. F13 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 23, 2026. The actual sale prices ranged from a low of $318.1656 to a high of $319.12. F14 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 23, 2026. The actual sale prices ranged from a low of $319.14 to a high of $320.1222. F15 Represents the weighted-average sale price per share of a series of transactions conducted by AWILHELMSEN AS, all of which were executed on February 23, 2026. The actual sale prices ranged from a low of $320.38 to a high of $320.73. | SEC |
| 2026-07-29 | 2026-07-31 | Bayley Michael W | Pres&CEO, Royal Caribbean Intl | $4.0M | S — Open-market sale | SEC |
| 2026-02-17 | 2026-02-18 | Bethge Laura H | President, Celebrity Cruises | $2.6M | S — Open-market sale | SEC |
| 2026-02-13 | 2026-02-13 | Pujol Henry L | Chief Accounting Officer | $1.5M | S — Open-market sale | SEC |
| 2026-02-17 | 2026-02-18 | Montiel Maritza Gomez | Director | $453k | S — Open-market sale | SEC |
| 2025-11-03 | 2025-11-04 | Montiel Maritza Gomez | Director | $310k | S — Open-market sale | SEC |
| 2026-02-10 | 2026-02-12 | Liberty Jason T | President & CEO | $37.5M | F — Tax withholding (shares surrendered for taxes)Form 4 footnoteF2 Represents the number of shares of common stock withheld by the issuer to cover the reporting person's tax liability associated with the vesting of shares underlying certain performance shares on 02/10/2026. | SEC |
| 2026-02-10 | 2026-02-12 | Bayley Michael W | Pres&CEO, Royal Caribbean Intl | $22.7M | F — Tax withholding (shares surrendered for taxes)Form 4 footnoteF2 Represents the number of shares of common stock withheld by the issuer to cover the reporting person's tax liability associated with the vesting of shares underlying certain performance shares on 02/10/2026. | SEC |
The period balance: money in, money out
In the Form 4 filings submitted between Oct 3, 2025 and Aug 3, 2026 there is not one open-market purchase of Royal Caribbean Cruises Ltd.: 18 sales worth $631.0M and zero dollars bought.
Only codes P and S count, where an insider puts in or takes out their own money. A selling balance like Royal Caribbean Cruises Ltd.'s is the norm in the S&P 500, where much of the pay comes as stock. 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 |
|---|---|---|---|
| F | Tax withholding (shares surrendered for taxes) | 39 | $95.3M |
| A | Grant or award | 20 | $0 |
| S | Open-market sale | 18 | $631.0M |
| G | Gift | 3 | $0 |
| Total | Everything filed in the period | 80 | $726.4M |
23 of the 80 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, 21 distinct people or entities have filed Royal Caribbean Cruises Ltd. transactions: none bought on the open market and 7 sold. Counted by CIK, the fixed number the SEC gives each filer, and not by name, which each filer types their own way.
Of the 7 who sold on the open market (18 sales in all), the three biggest sellers account for $609.5M of the $631.0M: 97% of the money in three people.
| Filer | Role | Transactions | Bought (count) | Sold (count) | Last filed |
|---|---|---|---|---|---|
| Wilhelmsen Arne Alexander | Director | 11 | — | $549.6M (10) | 2026-05-29 |
| Bayley Michael W | Pres&CEO, Royal Caribbean Intl | 5 | — | $30.2M (2) | 2026-07-31 |
| Liberty Jason T | President & CEO | 7 | — | $29.7M (1) | 2026-02-13 |
| Holtz Naftali | Chief Financial Officer | 8 | — | $16.7M (1) | 2026-02-13 |
| Bethge Laura H | President, Celebrity Cruises | 8 | — | $2.6M (1) | 2026-06-03 |
| Pujol Henry L | Chief Accounting Officer | 7 | — | $1.5M (1) | 2026-02-13 |
| Montiel Maritza Gomez | Director | 4 | — | $763k (2) | 2026-05-29 |
| Lake Robert Alexander | SVP, CLO, Secretary & CCO | 6 | — | — | 2026-02-12 |
Shown here are the 8 who moved the most money, out of 21. 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 Feb 2026: 0 purchases and 16 sales, worth $626.7M. 12 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 | 0 | $0 | 1 | $310k |
| Dec 2025 | 0 | $0 | 0 | $0 |
| Jan 2026 | 0 | $0 | 0 | $0 |
| Feb 2026 | 0 | $0 | 16 | $626.7M |
| Mar 2026 | 0 | $0 | 0 | $0 |
| Apr 2026 | 0 | $0 | 0 | $0 |
| May 2026 | 0 | $0 | 0 | $0 |
| Jun 2026 | 0 | $0 | 0 | $0 |
| Jul 2026 | 0 | $0 | 1 | $4.0M |
| 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.
Royal Caribbean Cruises Ltd. (RCL) 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 18 sales in the table is flagged as scheduled (10b5-1 plan), the kind signed months ahead and executed automatically. Royal Caribbean Cruises has no open-market purchase (code P) in the history, the most common case in the S&P 500: insiders are already paid in stock. The latest filing is from Aug 3, 2026, and a Form 4 arrives up to two business days after the trade.
15 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.