Royal Caribbean chief executive officer Richard D. Fain sold 210,706 shares of his cruise line stock in a transaction on Wednesday, August 2, 2017 at an average price of $115.83, for a total value of $24,406,075.98.
Mr. Fain was last in the news in April when a filing with the Securities and Exchange Commission reflected that his total compensation last year was in the amount of $10,400,000.
Maritime Executive recently reported that Royal Caribbean’s income for the second quarter reached $370 million, the highest second quarter earnings in company history. The cruise line’s financial performance, the maritime journal wrote, "vindicates Fain’s prediction that 2017 would shape up to be a ‘sensational year.’"
Following the stock sale, CEO Fain reportedly now owns 967,741 shares of his company’s stock, valued at $112,093,440.03.
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