ROYAL CARIBBEAN CRUISES LTD — Director's Dealing 2021

Mar 26, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ROYAL CARIBBEAN CRUISES LTD (RCL)
CIK: 0000884887
Period of Report: 2021-03-24

Reporting Person: Kulovaara Harri U (EVP, Maritime)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-24	Common Stock	A	4111	—	Acquired	38074	Direct
2021-03-24	Common Stock	F	1617	$84.83	Disposed	36457	Direct
2021-03-24	Common Stock	A	7073	—	Acquired	43530	Direct

Footnotes

F1: Represents shares of common stock underlying performance shares granted to the reporting person under the Royal Caribbean Cruises Ltd. 2008 Equity Incentive Plan, as amended. The number of shares underlying the award was determined by the Compensation Committee on 03/24/2021. The award vested in one installment on 03/24/2021.

F2: Granted in consideration for service as an officer of the issuer.

F3: Represents the number of shares of common stock withheld by the issuer to cover the reporting person's tax liability associated with the vesting of shares underlying certain performance shares on 03/24/2021.

F4: Represents the average of the high and low prices for the issuer's common stock on the NYSE on 3/24/2021.

F5: Represents shares of common stock underlying restricted stock units granted to the reporting person under the Royal Caribbean Cruises Ltd. 2008 Equity Incentive Plan. In accordance with our vesting into retirement policy, award vests in one installment on the first anniversary of the grant date but will be subject to restrictions on transferability through the fourth anniversary of the grant date.