Royal Caribbean Cruises Ltd. announced yesterday that Monument Capital Corporation, as nominee for various trusts primarily for the benefit of certain members of the Fain family,…
Royal Caribbean Cruises Ltd. announced yesterday that Monument Capital Corporation, as nominee for various trusts primarily for the benefit of certain members of the Fain family, has advised the company that it has sold in the public market 500,000 shares of common stock. Richard D. Fain is chairman and chief executive officer of Royal Caribbean Cruises Ltd. Monument Capital Corporation has also advised the company that these shares were sold for estate planning and diversification purposes.
After taking into effect this sale, Mr. Fain`s ownership of shares of our common stock, including shares held by related parties, is 2,343,551 shares, constituting approximately 1.2% of the common stock outstanding of Royal Caribbean Cruises Ltd. This amount does not include a total of 241,032 unvested stock options and rights to restricted stock held by Mr. Fain. The company also noted that Mr. Fain disclaims beneficial ownership of some of the foregoing shareholdings.
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