Laura H. Bethge, President of Celebrity Cruises, has demonstrated a consistent pattern of selling activity in Royal Caribbean Cruises Ltd. (RCL) shares over the past two years, with no recorded purchases in SEC filings. Her transactions, totaling $13.7 million in sales, have been concentrated in RCL, the only company in which she has reported trades. The most notable disposals occurred in February 2025 and February 2026, with five sales on February 18, 2025, collectively valued at approximately $3.9 million, followed by a $2.56 million sale on February 17, 2026. Smaller but frequent transactions, often coded as "F" (likely representing tax-withholding or option exercises), appear throughout the period, including a $4.3 million transaction on February 10, 2026. The absence of any buy transactions suggests a directional bias toward reducing her position in RCL, though the sales may be tied to scheduled vesting events or compensation-related dispositions rather than discretionary market timing. The activity aligns with her executive role, where equity awards are a standard component of compensation, but the filings reflect no accumulation of shares during this timeframe.
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