Royal Caribbean Cruises Ltd (RCCL) chief executive Richard Fain sold stock worth $24.4m after after the company reported strong second-quarter results and anticipated a “sensational year”.
He offloaded 210,706 shares on 2 August at a weighted average price of $115.83.
The Securities and Exchange Commission (SEC) filing notes that the shares were owned by Monument Capital Corp as nominee for various trusts primarily for the benefit of certain members of the Fain family.
