Jason Montague - Dec 31, 2022 Form 4 Insider Report for Norwegian Cruise Line Holdings Ltd. (NCLH)

Role
Pres. & CEO of RSSC
Signature
/s/Daniel S. Farkas, as attorney-in-fact for Jason Montague
Stock symbol
NCLH
Transactions as of
Dec 31, 2022
Transactions value $
-$321,961
Form type
4
Date filed
1/4/2023, 03:30 PM
Previous filing
Nov 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NCLH Common Stock Award $0 +51.3K +22.69% $0.00 277K Dec 31, 2022 Direct F1, F2
transaction NCLH Common Stock Tax liability -$161K -13.2K -4.74% $12.24 264K Dec 31, 2022 Direct F3
transaction NCLH Common Stock Tax liability -$161K -13.2K -4.98% $12.24 251K Dec 31, 2022 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Jason Montague is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Each restricted share unit represents the contingent right to receive one share of Norwegian Cruise Line Holdings Ltd.'s ("NCLH") common stock upon vesting.
F2 Represents a grant of restricted share units under NCLH's Amended and Restated 2013 Performance Incentive Plan on March 1, 2022. The restricted share units were originally subject to performance hurdles. The Compensation Committee determined the performance condition achievement level on December 31, 2022, and the restricted share units vested on December 31, 2022.
F3 Represents shares withheld by NCLH to satisfy tax withholding obligations in connection with the vesting of 51,282 performance-based restricted share units granted to the reporting person on March 1, 2022.
F4 Represents shares withheld by NCLH to satisfy tax withholding obligations in connection with the vesting of 51,282 time-based restricted share units granted to the reporting person on March 1, 2022.

Remarks:

Mr. Montague stepped down from his role as President and Chief Executive Officer, Regent Seven Seas Cruises. The board of NCLH determined that, effective as of January 1, 2023, the reporting person should no longer be considered an "officer" for purposes of Section 16.