The company said it appointed John W. Chidsey as President and Chief Executive Officer on February 12, 2026. Its employment agreement with him, entered into on March 26, has an initial term through March 1, 2030, and his annual base salary is $1,715,000.

1. 01

   The company said it appointed John W. Chidsey as President and Chief Executive Officer on February 12, 2026. Its employment agreement with him, entered into on March 26, has an initial term through March 1, 2030, and his annual base salary is $1,715,000.

2. 02

   NCLH said Mr. Chidsey's target annual bonus will be at least 175% of his base salary and his maximum annual bonus at least 350%, beginning with fiscal 2027. It said he will be eligible for a fixed bonus of $2,900,000 for fiscal 2026.

3. 03

   The company said it granted John W. Chidsey a target of 2,139,892 restricted share units as an inducement for his hiring. It said 967,254 of these units vest in 4 equal annual installments over 4 years, while 1,172,638 units are eligible to vest only if TSR CAGR targets are achieved at the end of the 4-year performance period.

4. 04

   The company said performance-based equity will not vest if TSR CAGR is below 5%. At 5%, 50% of the target number vests; at 10%, 100% vests; and at 20% or more, 200% vests. It said vesting is linearly interpolated between these levels.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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