Royal Caribbean Cruises Ltd. (NYSE: RCL) disclosed that Chief Accounting Officer Henry Pujol sold 4,442 shares of common stock on February 13, 2026. The shares were disposed of at a per-share price of $327.9901, producing total proceeds of approximately $1.45 million. Following the transaction, Pujol is recorded as directly owning 10,067 shares of the company.
The insider sale was disclosed alongside a set of corporate results and credit developments that underscore the company’s recent financial footing. Royal Caribbean reported fourth-quarter 2025 earnings per share of $2.80, with revenue of $4.26 billion - figures that matched analysts’ expectations. Those results indicate the company met market forecasts for the period.
Credit rating agency Moody’s Ratings also revised Royal Caribbean’s debt profile in its most recent action. Moody’s upgraded the company’s senior unsecured rating from Baa3 to Baa2 and raised its commercial paper rating from P-3 to P-2. At the same time, Moody’s adjusted the outlook to stable from positive.
In explaining the upgrade, Moody’s cited expectations of continued earnings growth, sturdy demand, effective pricing, and disciplined cost controls. The agency also anticipates that Royal Caribbean’s debt to EBITDA ratio will remain below 3.0x over the coming years despite the company’s significant investments in new ships.
These developments - an insider sale, results that met market projections, and an improved credit rating - present a snapshot of Royal Caribbean’s current financial position without indicating any direct causal relationships among them. The sale by the chief accounting officer reduced his holdings to the level noted above; the company’s fourth-quarter performance and Moody’s credit actions were announced as separate corporate disclosures.
Summary
Henry Pujol, Royal Caribbean’s chief accounting officer, sold 4,442 shares on February 13, 2026 at $327.9901 per share for about $1.45 million and now owns 10,067 shares. Royal Caribbean posted Q4 2025 EPS of $2.80 and revenue of $4.26 billion, in line with expectations. Moody’s upgraded the company’s senior unsecured rating to Baa2 and commercial paper to P-2, and set the outlook to stable.
Key points
- Insider transaction - Henry Pujol sold 4,442 shares for approximately $1.45 million and retained direct ownership of 10,067 shares.
- Quarterly results - Q4 2025 EPS of $2.80 and revenue of $4.26 billion matched analysts’ estimates, indicating performance in line with market expectations.
- Credit upgrade - Moody’s raised Royal Caribbean’s senior unsecured rating to Baa2 and commercial paper rating to P-2, moving the outlook to stable; Moody’s expects continued earnings growth and a debt/EBITDA ratio below 3.0x despite ship investments.
Risks and uncertainties
- Insider selling - The sale reduced the chief accounting officer’s stake, but the filing does not provide any explanation for the transaction - relevant to investor perception in the travel and leisure and consumer discretionary sectors.
- Investment obligations - Moody’s note about ongoing significant investments in new ships implies continued capital outlays that may influence the company’s leverage metrics and financing needs, affecting credit markets and capital providers.
- Forward expectations - While Moody’s projects the debt/EBITDA ratio to remain below 3.0x, that outlook inherently depends on the company’s ability to sustain earnings growth, demand, pricing, and cost control - factors that bear on the broader travel and leisure sector.