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Royal Caribbean's Quantum of the Seas is docked at Marina Bay Cruise Centre Singapore. Arne Alexander Wilhelmsen, son of late Royal Caribbean co-founder Arne Wilhelmsen, was re-elected to the board of directors earlier this month. Photo: Royal Caribbean International

Royal Caribbean co-founder's son sells $78.5m in shares

Move comes after Arne Alexander Wilhelmsen, son of late Arne Wilhelmsen, is re-elected to the company board

10 June 2021 18:58 GMT Updated 11 June 2021 15:43 GMT

By Michael Juliano

Arne Alexander Wilhelmsen has offloaded $78.5m in shares of Royal Caribbean Group, which was co-founded by his late father.

The company board member sold 278,720 common shares on Monday at $94.56 each and another 442,894 shares on Tuesday at $95.22 each, according to a US Securities and Exchange Commission (SEC) document.