Laura H. Bethge, who serves as President of Celebrity Cruises within Royal Caribbean Cruises Ltd. (NYSE: RCL), sold 7,854 shares of the company's common stock on February 17, 2026. The shares were transacted at a per-share price of $326.21, producing a total sale value of $2,562,053.
Following the sale, Bethge's direct holdings in Royal Caribbean amount to 32,786 common shares. In addition to that direct stake, she holds an indirect interest in 87 shares through a spouse.
These insider selling details arrive alongside several corporate and financial developments for Royal Caribbean. For the fourth quarter of 2025, the company reported earnings per share of $2.80 and revenue of $4.26 billion, results that matched analysts' expectations. The company’s reported Q4 2025 performance is therefore in line with market forecasts.
In a separate development, Moody's Ratings elevated Royal Caribbean's long-term issuer rating from Baa3 to Baa2. The rating agency also upgraded the company's commercial paper rating from P-3 to P-2. In its rationale, Moody's cited robust demand, effective pricing approaches, and measures to control costs. The agency indicated an expectation of continued earnings expansion and a stable debt-to-EBITDA ratio.
Corporate governance changes were also announced: Christopher J. Wiernicki, the former Chairman and CEO of the American Bureau of Shipping, has been appointed to Royal Caribbean's board of directors. Wiernicki brings more than 40 years of experience in marine and offshore design, operations, and safety management to the board.
Taken together, the insider transaction, the quarterly results that met consensus, the credit-rating upgrade by Moody's, and the appointment of an industry veteran to the board represent a bundle of disclosures that investors and market watchers can assess. The public record shows the exact size and timing of the insider sale and the precise figures for the company’s recent quarter and credit action; beyond those reported items, further developments will determine how these disclosures play out over time.