Cruise Executive Goldstein Sells Royal Caribbean Stock for $8.9 Million

Richard Fain Adam Goldstein Royal Caribbean Cruises President and Chief Operating Officer (COO) Adam Goldstein sold 90,000 shares of the cruise line's stock today.

Mr. Goldstein sold the shares at $98.88 per share for a total value of $8,898,804.

Mr.Goldstein last sold RCL stock in July when he sold 4,184 shares at at $91.08 per share for a total value of $381,094.19.

At that time, he joined other cruise line executives dumping RCL stock. Royal Caribbean chairman Richard Fain sold 151,032 shares of his cruise line's stock for $13,650,151 at an average price of $90.40 a share. Royal Caribbean's General Counsel and Chief Compliance Officer Bradley Stein sold 2,402 shares of the company stock for for a total value of $218,748.70. These insider traders sold $14,249,993 of company stock last summer.

October 27, 2015 update: Royal Caribbean Chairman & CEO Richard Fain sold 80,516 shares yesterday. The Insider Trading Report said that the insider selling transaction was disclosed on October 26, 2015 to the Securities and Exchange Commission. The shares were sold at $98.80 per share for a total value of $7,955,335.00. Together, cruise executives Fain and Goldstein sold $16, 854,139 worth of Royal Caribbean stock yesterday and over $30,000,000. since July. 

According to the DFN, "following the completion of the transaction, the chief operating officer (Mr. Goldstein) now directly owns 253,153 shares in the company, valued at $25,031,768.64."

October 29, 2015 updateRoyal Caribbean's Vice President Harri U. Kulovaara reportedly sold 8,228 shares of RCL stock on October 27th at an average price of $100.32, for a total of $825,432.96.

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Comments (2) Read through and enter the discussion with the form at the end
Tim Dye - October 26, 2015 10:05 PM

Somethings going on. Its tied to the Freedom Fire, I believe.

John Goldsmith - October 26, 2015 10:33 PM

Nice work if you can get it.....

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