Royal Caribbean Cruises' top five executives saw their total compensation fall by 23.2% last year, primarily as a result of the lack of a one-time stock award in 2013.

The New York-listed cruiseship giant paid aggregate compensation of $20.4m to the executives in 2015, down from $26.6m in 2014, according to a securities filing. The company delivered $9.93m in one-time stock awards to the executives in 2014.

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