Norwegian Cruise Line insider activity
What the executives and directors of Norwegian Cruise Line actually did with their own shares, decoded from their SEC Form 4 filings. Each figure says the stretch of time it covers.
$31M
net open-market flow, 12 m
17 open-market buys, 12 m
0%
of sale value on 10b5-1 plans, 12 m
111 days since an insider bought, whole record
The tape: three years of insider trades
Open-market buy
Discretionary sale
Planned sale (10b5-1)
Reported-price path
Routine
Every marker sits at the price reported on the Form 4. The line is the monthly median of all prices insiders reported, so the chart needs no market feed; the grey strip is the routine flow (grants, vestings, tax withholding and gifts) that a headline gets wrong by counting it as selling.
The 71 routine events on the chart, as a list
| Date | Insider | Shares |
|---|---|---|
| Apr 13, 2026 | COHEN JONATHAN Z | 8,912 |
| Apr 13, 2026 | PAGLIUCA STEPHEN G | 8,912 |
| Apr 13, 2026 | MacDonald Brian P | 8,912 |
| Apr 13, 2026 | Cruz Alex | 8,912 |
| Apr 13, 2026 | Lansberry Kevin Allen | 8,912 |
| Mar 26, 2026 | CHIDSEY JOHN | 967K |
| Mar 6, 2026 | Farkas Daniel S | 45K |
| Mar 6, 2026 | Montague Jason | 55K |
| Mar 6, 2026 | Ashby Faye L. | 30K |
| Mar 6, 2026 | Kempa Mark | 48K |
| Mar 6, 2026 | Dahlgren Patrik | 55K |
| Mar 6, 2026 | Kazlauskas Marc | 55K |
| Mar 1, 2026 | Farkas Daniel S | 200K |
| Mar 1, 2026 | Kempa Mark | 201K |
| Mar 1, 2026 | Dahlgren Patrik | 140K |
| Mar 1, 2026 | Montague Jason | 4,313 |
| Mar 1, 2026 | Ashby Faye L. | 8,213 |
| Jan 2, 2026 | CHIDSEY JOHN | 13K |
| Jan 2, 2026 | Jojo Linda P | 13K |
| Jan 2, 2026 | Cil Jose E. | 13K |
| Jan 2, 2026 | Abrams David M. | 8,779 |
| Jan 2, 2026 | David Stella | 13K |
| Jan 2, 2026 | Landry Mary E. | 8,779 |
| Jan 2, 2026 | Curtis Harry C | 8,779 |
| Jan 2, 2026 | Byng-Thorne Zillah | 8,779 |
| May 7, 2025 | Jojo Linda P | 7,702 |
| Mar 3, 2025 | Farkas Daniel S | 49K |
| Mar 3, 2025 | Montague Jason | 52K |
| Mar 3, 2025 | Ashby Faye L. | 27K |
| Mar 3, 2025 | Sommer Harry | 216K |
| Mar 3, 2025 | Kempa Mark | 52K |
| Mar 3, 2025 | Herrera David | 52K |
| Mar 3, 2025 | Dahlgren Patrik | 52K |
| Mar 1, 2025 | Farkas Daniel S | 49K |
| Mar 1, 2025 | Ashby Faye L. | 7,984 |
| Mar 1, 2025 | Sommer Harry | 72K |
| Mar 1, 2025 | Kempa Mark | 50K |
| Mar 1, 2025 | Herrera David | 9,464 |
| Mar 1, 2025 | Dahlgren Patrik | 7,992 |
| Feb 5, 2025 | CHIDSEY JOHN | 6,517 |
| Jan 2, 2025 | Cil Jose E. | 12K |
| Jan 2, 2025 | Abrams David M. | 12K |
| Jan 2, 2025 | David Stella | 12K |
| Jan 2, 2025 | Landry Mary E. | 7,716 |
| Jan 2, 2025 | Curtis Harry C | 7,716 |
| Jan 2, 2025 | Byng-Thorne Zillah | 7,716 |
| Dec 31, 2024 | Farkas Daniel S | 103K |
| Dec 31, 2024 | Sommer Harry | 103K |
| Dec 31, 2024 | Kempa Mark | 103K |
| Jun 5, 2024 | Ashby Faye L. | 8,965 |
| Mar 1, 2024 | Farkas Daniel S | 105K |
| Mar 1, 2024 | Ashby Faye L. | 48K |
| Mar 1, 2024 | Sommer Harry | 217K |
| Mar 1, 2024 | Kempa Mark | 107K |
| Mar 1, 2024 | Del Rio Frank A. | 33K |
| Mar 1, 2024 | DeMarco Andrea | 33K |
| Mar 1, 2024 | Herrera David | 51K |
| Mar 1, 2024 | Dahlgren Patrik | 57K |
| Jan 2, 2024 | Cil Jose E. | 16K |
| Jan 2, 2024 | Farkas Daniel S | 45K |
Where the shares went, last 12 months
Every Form 4 movement decomposed: what flowed in (grants, vested equity, purchases) and what flowed out (tax withholding, plan sales, discretionary sales, gifts). Counted in shares, because grants carry no price.
The chart, in numbers
| Flow | Shares |
|---|---|
| Granted | 1.7M |
| Bought on market | 1.7M |
| Withheld for tax | 199K |
| Discretionary sales | 5,250 |
| Kept | 3.3M |
Skin in the game
Directly held shares as reported after each trade, indexed to 100 at the start of the window, up to five years back. Direct holdings only: trust and family-entity positions are per-entity in the filings and do not sum honestly, so this chart refuses to guess. The steps are the trades.
The chart, in numbers
| Insider | Start of the window | Latest reported | Indexed, start = 100 |
|---|---|---|---|
| Sommer Harry | 288K | 721K | 250.5 |
| Kempa Mark | 250K | 481K | 191.9 |
| Farkas Daniel S | 241K | 424K | 175.9 |
Who holds what
the 14 largest holdings of 24| Insider | Role | Shares held | Buys 12 m | Sales 12 m | 12 m | Last trade |
|---|---|---|---|---|---|---|
| PAGLIUCA STEPHEN G Last trade Jun 2, 2026 | Director | 1.4M | $25M | – | net buying over the year: 1 month buying, 0 months selling | Jun 2, 2026 |
| CHIDSEY JOHN President and CEO Last trade May 22, 2026 | CEO | 1.1M | $2.5M | – | net buying over the year: 1 month buying, 0 months selling | May 22, 2026 |
| Sommer Harry Pres. & CEO of NCLH Last trade Nov 6, 2025 | CEO | 721K | $463K | – | net buying over the year: 1 month buying, 0 months selling | Nov 6, 2025 |
| Galbut Russell W Last trade May 23, 2022 | Director | 534K | – | – | May 23, 2022 | |
| Kempa Mark EVP & CFO Last trade Nov 6, 2025 | CFO | 481K | $197K | – | net buying over the year: 1 month buying, 0 months selling | Nov 6, 2025 |
| Farkas Daniel S EVP GC, CDO & Sec'y Last trade Nov 4, 2024 | Officer | 424K | – | – | Nov 4, 2024 | |
| Herrera David Pres. NCL | Officer | 272K | – | – | – | |
| Dahlgren Patrik See Remarks Last trade Nov 25, 2025 | Officer | 241K | $100K | – | net buying over the year: 1 month buying, 0 months selling | Nov 25, 2025 |
| Ashby Faye L. SVP & Chief Accounting Officer Last trade Dec 12, 2025 | Officer | 152K | – | $110K | net selling over the year: 0 months buying, 1 month selling | Dec 12, 2025 |
| Byng-Thorne Zillah Last trade May 7, 2026 | Director | 126K | $1.0M | – | net buying over the year: 2 months buying, 0 months selling | May 7, 2026 |
| David Stella Last trade Nov 6, 2025 | Director | 117K | $130K | – | net buying over the year: 1 month buying, 0 months selling | Nov 6, 2025 |
| Montague Jason Chief Luxury Officer Last trade Nov 6, 2025 | Officer | 116K | $252K | – | net buying over the year: 1 month buying, 0 months selling | Nov 6, 2025 |
| Cil Jose E. Last trade May 19, 2026 | Director | 99K | $225K | – | net buying over the year: 1 month buying, 0 months selling | May 19, 2026 |
| DeMarco Andrea Pres. RSSC Last trade Nov 6, 2024 | Officer | 97K | – | – | Nov 6, 2024 |
Open-market trade log
the 60 most recent of 145| Date | Insider | Type | Shares | Price | Value | Since trade | Filed |
|---|---|---|---|---|---|---|---|
| Jun 2, 2026 | PAGLIUCA STEPHEN G (Director) 685K shares $18.06 +0.6% since trade filed Jun 3, 2026 | Open-market buy | 685K | $18.06 | $12M | +0.6% | Jun 3, 2026 |
| Jun 1, 2026 | PAGLIUCA STEPHEN G (Director) 695K shares $18.16 +0.0% since trade filed Jun 3, 2026 | Open-market buy | 695K | $18.16 | $13M | +0.0% | Jun 3, 2026 |
| May 22, 2026 | CHIDSEY JOHN (CEO) 153K shares $16.37 +10.9% since trade filed May 26, 2026 | Open-market buy | 153K | $16.37 | $2.5M | +10.9% | May 26, 2026 |
| May 20, 2026 | COHEN JONATHAN Z (Director) 30K shares $15.83 +14.7% since trade filed May 21, 2026 | Open-market buy | 30K | $15.83 | $475K | +14.7% | May 21, 2026 |
| May 19, 2026 | Cil Jose E. (Director) 10K shares $14.91 +21.8% since trade filed May 19, 2026 | Open-market buy | 10K | $14.91 | $149K | +21.8% | May 19, 2026 |
| May 18, 2026 | Cil Jose E. (Director) 5,000 shares $15.25 +19.1% since trade filed May 19, 2026 | Open-market buy | 5,000 | $15.25 | $76K | +19.1% | May 19, 2026 |
| May 11, 2026 | MacDonald Brian P (Director) 15K shares $16.54 +9.8% since trade filed May 12, 2026 | Open-market buy | 15K | $16.54 | $248K | +9.8% | May 12, 2026 |
| May 7, 2026 | Byng-Thorne Zillah (Director) 4,452 shares $17.83 +1.9% since trade filed May 11, 2026 | Open-market buy | 4,452 | $17.83 | $79K | +1.9% | May 11, 2026 |
| May 7, 2026 | Byng-Thorne Zillah (Director) 25K shares $17.67 +2.8% since trade filed May 11, 2026 | Open-market buy | 25K | $17.67 | $442K | +2.8% | May 11, 2026 |
| May 7, 2026 | Lansberry Kevin Allen (Director) 11K shares $17.28 +5.1% since trade filed May 11, 2026 | Open-market buy | 11K | $17.28 | $197K | +5.1% | May 11, 2026 |
| Dec 12, 2025 | Ashby Faye L. (Officer) 5,250 shares $21.00 −13.5% since trade filed Dec 16, 2025 | Discretionary sale | 5,250 | $21.00 | $110K | −13.5% | Dec 16, 2025 |
| Nov 25, 2025 | Dahlgren Patrik (Officer) 5,550 shares $17.94 +1.2% since trade filed Nov 25, 2025 | Open-market buy | 5,550 | $17.94 | $100K | +1.2% | Nov 25, 2025 |
| Nov 7, 2025 | Curtis Harry C (Director) 5,000 shares $19.25 −5.7% since trade filed Nov 12, 2025 | Open-market buy | 5,000 | $19.25 | $96K | −5.7% | Nov 12, 2025 |
| Nov 6, 2025 | Montague Jason (Officer) 13K shares $18.81 −3.5% since trade filed Nov 6, 2025 | Open-market buy | 13K | $18.81 | $252K | −3.5% | Nov 6, 2025 |
| Nov 6, 2025 | Sommer Harry (CEO) 25K shares $18.52 −1.9% since trade filed Nov 6, 2025 | Open-market buy | 25K | $18.52 | $463K | −1.9% | Nov 6, 2025 |
| Nov 6, 2025 | David Stella (Director) 6,986 shares $18.59 −2.3% since trade filed Nov 10, 2025 | Open-market buy | 6,986 | $18.59 | $130K | −2.3% | Nov 10, 2025 |
| Nov 6, 2025 | Kempa Mark (CFO) 11K shares $18.53 −2.0% since trade filed Nov 6, 2025 | Open-market buy | 11K | $18.53 | $197K | −2.0% | Nov 6, 2025 |
| Nov 6, 2025 | Byng-Thorne Zillah (Director) 29K shares $18.11 +0.3% since trade filed Nov 10, 2025 | Open-market buy | 29K | $18.11 | $525K | +0.3% | Nov 10, 2025 |
| Nov 8, 2024 | Ashby Faye L. (Officer) 38K shares $27.30 −33.5% since trade filed Nov 8, 2024 | Discretionary sale | 38K | $27.30 | $1.0M | −33.5% | Nov 8, 2024 |
| Nov 6, 2024 | Kempa Mark (CFO) 15K shares $27.86 −34.8% since trade filed Nov 8, 2024 | Discretionary sale | 15K | $27.86 | $418K | −34.8% | Nov 8, 2024 |
| Nov 6, 2024 | DeMarco Andrea (Officer) 29K shares $27.76 −34.6% since trade filed Nov 8, 2024 | Discretionary sale | 29K | $27.76 | $805K | −34.6% | Nov 8, 2024 |
| Nov 4, 2024 | Farkas Daniel S (Officer) 47K shares $24.72 −26.5% since trade filed Nov 5, 2024 | Discretionary sale | 47K | $24.72 | $1.2M | −26.5% | Nov 5, 2024 |
| Nov 4, 2024 | Sommer Harry (CEO) 100K shares $24.67 −26.4% since trade filed Nov 5, 2024 | Discretionary sale | 100K | $24.67 | $2.5M | −26.4% | Nov 5, 2024 |
| Nov 4, 2024 | Byng-Thorne Zillah (Director) 7,930 shares $24.85 −26.9% since trade filed Nov 5, 2024 | Open-market buy | 7,930 | $24.85 | $197K | −26.9% | Nov 5, 2024 |
| Aug 27, 2024 | Farkas Daniel S (Officer) 30K shares $18.09 +0.4% since trade filed Aug 29, 2024 | Discretionary sale | 30K | $18.09 | $543K | +0.4% | Aug 29, 2024 |
| Aug 27, 2024 | Sommer Harry (CEO) 25K shares $18.09 +0.4% since trade filed Aug 29, 2024 | Discretionary sale | 25K | $18.09 | $452K | +0.4% | Aug 29, 2024 |
| Jun 5, 2024 | Ashby Faye L. (Officer) 20K shares $18.42 −1.4% since trade filed Jun 6, 2024 | Discretionary sale | 20K | $18.42 | $361K | −1.4% | Jun 6, 2024 |
| May 31, 2024 | Byng-Thorne Zillah (Director) 13K shares $16.50 +10.1% since trade filed Jun 3, 2024 | Open-market buy | 13K | $16.50 | $220K | +10.1% | Jun 3, 2024 |
| May 22, 2024 | Cil Jose E. (Director) 20K shares $16.38 +10.9% since trade filed May 23, 2024 | Open-market buy | 20K | $16.38 | $328K | +10.9% | May 23, 2024 |
| Mar 8, 2024 | Kempa Mark (CFO) 20K shares $20.01 −9.3% since trade filed Mar 11, 2024 | Discretionary sale | 20K | $20.01 | $399K | −9.3% | Mar 11, 2024 |
| Jun 15, 2023 | Farkas Daniel S (Officer) 38K shares $19.46 −6.7% since trade filed Jun 16, 2023 | Discretionary sale | 38K | $19.46 | $739K | −6.7% | Jun 16, 2023 |
| Jun 13, 2023 | Ashby Faye L. (Officer) 16K shares $19.45 −6.6% since trade filed Jun 15, 2023 | Discretionary sale | 16K | $19.45 | $308K | −6.6% | Jun 15, 2023 |
| Jun 12, 2023 | Del Rio Frank J (CEO) 300K shares $18.44 −1.5% since trade filed Jun 13, 2023 | Discretionary sale | 300K | $18.44 | $5.5M | −1.5% | Jun 13, 2023 |
| Jun 2, 2023 | Kempa Mark (CFO) 4,700 shares $16.04 +13.2% since trade filed Jun 6, 2023 | Discretionary sale | 4,700 | $16.04 | $75K | +13.2% | Jun 6, 2023 |
| Nov 15, 2022 | Del Rio Frank J (CEO) 18K shares $18.34 −1.0% since trade filed Nov 16, 2022 | Discretionary sale | 18K | $18.34 | $329K | −1.0% | Nov 16, 2022 |
| Nov 15, 2022 | Del Rio Frank J (CEO) 40K shares $18.33 −0.9% since trade filed Nov 16, 2022 | Discretionary sale | 40K | $18.33 | $736K | −0.9% | Nov 16, 2022 |
| Nov 15, 2022 | Kempa Mark (CFO) 25K shares $18.54 −2.1% since trade filed Nov 16, 2022 | Discretionary sale | 25K | $18.54 | $464K | −2.1% | Nov 16, 2022 |
| Nov 14, 2022 | Farkas Daniel S (Officer) 44K shares $17.93 +1.3% since trade filed Nov 14, 2022 | Discretionary sale | 44K | $17.93 | $789K | +1.3% | Nov 14, 2022 |
| Nov 10, 2022 | Montague Jason (CEO) 33K shares $16.49 +10.1% since trade filed Nov 14, 2022 | Discretionary sale | 33K | $16.49 | $542K | +10.1% | Nov 14, 2022 |
| Sep 12, 2022 | Montague Jason (CEO) 63K shares $14.68 +23.7% since trade filed Sep 14, 2022 | Discretionary sale | 63K | $14.68 | $921K | +23.7% | Sep 14, 2022 |
| Aug 24, 2022 | Kempa Mark (CFO) 55K shares $13.50 +34.5% since trade filed Aug 26, 2022 | Discretionary sale | 55K | $13.50 | $743K | +34.5% | Aug 26, 2022 |
| Aug 18, 2022 | SHERMAN HOWARD J (CEO) 86K shares $13.63 +33.2% since trade filed Aug 19, 2022 | Discretionary sale | 86K | $13.63 | $1.2M | +33.2% | Aug 19, 2022 |
| May 23, 2022 | Galbut Russell W (Director) 50K shares $15.00 +21.1% since trade filed May 25, 2022 | Open-market buy | 50K | $15.00 | $750K | +21.1% | May 25, 2022 |
| May 23, 2022 | Galbut Russell W (Director) 50K shares $15.25 +19.1% since trade filed May 25, 2022 | Open-market buy | 50K | $15.25 | $763K | +19.1% | May 25, 2022 |
| Sep 9, 2021 | Binder Robert (CEO) 7,139 shares $24.75 −26.6% since trade filed Sep 10, 2021 | Discretionary sale | 7,139 | $24.75 | $177K | −26.6% | Sep 10, 2021 |
| Sep 9, 2021 | Binder Robert (CEO) 27K shares $25.22 −28.0% since trade filed Sep 10, 2021 | Discretionary sale | 27K | $25.22 | $674K | −28.0% | Sep 10, 2021 |
| Jun 11, 2021 | Binder Robert (CEO) 37K shares $32.14 filed Jun 15, 2021 | Discretionary sale | 37K | $32.14 | $1.2M | – | Jun 15, 2021 |
| Dec 15, 2020 | Binder Robert (CEO) 35K shares $24.32 filed Dec 17, 2020 | Discretionary sale | 35K | $24.32 | $853K | – | Dec 17, 2020 |
| Dec 15, 2020 | Binder Robert (CEO) 56K shares $25.04 filed Dec 17, 2020 | Discretionary sale | 56K | $25.04 | $1.4M | – | Dec 17, 2020 |
| Feb 18, 2020 | Del Rio Frank J (CEO) 4,000 shares $51.80 filed Feb 20, 2020 | Discretionary sale | 4,000 | $51.80 | $207K | – | Feb 20, 2020 |
| Jan 15, 2020 | Del Rio Frank J (CEO) 4,000 shares $57.50 filed Jan 17, 2020 | Discretionary sale | 4,000 | $57.50 | $230K | – | Jan 17, 2020 |
| Dec 16, 2019 | Del Rio Frank J (CEO) 1,287 shares $55.89 filed Dec 17, 2019 | Discretionary sale | 1,287 | $55.89 | $72K | – | Dec 17, 2019 |
| Dec 16, 2019 | Del Rio Frank J (CEO) 2,713 shares $55.57 filed Dec 17, 2019 | Discretionary sale | 2,713 | $55.57 | $151K | – | Dec 17, 2019 |
| Dec 11, 2019 | Ashby Faye L. (Officer) 1,786 shares $55.57 filed Dec 13, 2019 | Discretionary sale | 1,786 | $55.57 | $99K | – | Dec 13, 2019 |
| Nov 15, 2019 | Del Rio Frank J (CEO) 4,000 shares $52.88 filed Nov 19, 2019 | Discretionary sale | 4,000 | $52.88 | $212K | – | Nov 19, 2019 |
| Nov 12, 2019 | Stuart Andrew (CEO) 18K shares $52.00 filed Nov 13, 2019 | Discretionary sale | 18K | $52.00 | $924K | – | Nov 13, 2019 |
| Nov 12, 2019 | Stuart Andrew (CEO) 227K shares $51.87 filed Nov 13, 2019 | Discretionary sale | 227K | $51.87 | $12M | – | Nov 13, 2019 |
| Nov 11, 2019 | Stuart Andrew (CEO) 300 shares $52.00 filed Nov 13, 2019 | Discretionary sale | 300 | $52.00 | $16K | – | Nov 13, 2019 |
| Oct 18, 2019 | Del Rio Frank J (CEO) 2,456 shares $50.23 filed Oct 22, 2019 | Discretionary sale | 2,456 | $50.23 | $123K | – | Oct 22, 2019 |
| Oct 15, 2019 | Del Rio Frank J (CEO) 1,544 shares $50.05 filed Oct 17, 2019 | Discretionary sale | 1,544 | $50.05 | $77K | – | Oct 17, 2019 |
“Since trade” compares with the latest insider-implied price, not a market quote: these pages are built from filings alone. A role here is the one on that day's Form 4, so somebody promoted since appears under both titles.
Filing hygiene
106 Forms 4, 3 years
0 filed late
0 amendments
1.7 avg. days to file
How to read this
A Form 4 transaction code decides everything. P is an open-market purchase and S an open-market sale; those two are the only codes where an insider chose to trade. A is a grant, M an option exercise or vesting, F shares withheld to cover tax, G a gift. Most “insiders dumped billions” headlines are code F and M mechanics.
Sales flagged 10b5-1 run on a plan the insider adopted in advance; since 2023 every Form 4 carries that flag. Buys have historically predicted returns, sales mostly have not, and this page states filings, not advice.