Insider sale details
Royal Caribbean Cruises (NASDAQ:RCL) President and CEO Jason T. Liberty executed sales of 94,039 shares of the company's common stock on February 13, 2026, according to a Form 4 filing with the U.S. Securities and Exchange Commission. The transactions produced aggregate proceeds of $29.7 million, with individual sale prices spanning from $322.65 to $332.29 per share. After these dispositions, the filing shows that Liberty directly holds 218,822 shares of Royal Caribbean Cruises.
Quarterly results and ratings action
Separately, Royal Caribbean reported fourth-quarter 2025 results that met consensus forecasts. The company recorded earnings per share of $2.80 and generated $4.26 billion in revenue, both figures aligning with analysts' expectations.
Following the earnings release, Moody's Ratings revised its assessment of the company's credit profile. The senior unsecured rating was raised to Baa2 from Baa3, and the commercial paper rating was upgraded to P-2 from P-3. At the same time Moody's adjusted the outlook from positive to stable.
In its rationale, Moody's cited expectations for continued earnings growth driven by strong demand, pricing strategies, and cost controls. The rating agency also anticipates that Royal Caribbean's debt/EBITDA ratio will remain below 3.0x in the coming years, even as the company funds significant investment in new ships predominantly with debt.
What this collection of filings and disclosures indicates
The insider sale, the company reporting results in line with forecasts, and the credit-rating upgrade present a snapshot of recent corporate developments. The Form 4 discloses a material share sale by the chief executive, while the earnings release confirms performance consistent with market expectations. Moody's upgrade and related commentary point to anticipated earnings growth and an ability to manage leverage while investing in fleet expansion.
Taken together, these items highlight both the transactions by a senior executive and external credit-market validation of the firm's near-term financial trajectory. They also underline the company's stated drivers of future earnings growth - demand, pricing, and cost control - as well as Moody's expectation regarding leverage metrics even with planned capital spending on new vessels.
Clear summary
Jason T. Liberty sold 94,039 shares on February 13, 2026, for $29.7 million; post-sale he owns 218,822 shares. Royal Caribbean's Q4 2025 EPS was $2.80 with $4.26 billion in revenue, matching forecasts. Moody's upgraded the senior unsecured rating to Baa2 and the commercial paper rating to P-2 while shifting the outlook to stable.