This week, Royal Caribbean Cruises Ltd. (NYSE:RCL) saw two of its insiders complete stock dispositions. On Monday, company Director William Kimsey unloaded 10,075 shares of Common Stock, directly, and for a price of $63.00 per share. The insider also exercised his use of stock options in order to complete the transaction. This is Kimsey’s second stock sale of the fiscal year, as he had previously disposed of 8,277 shares of Common Stock for $92.00 per share in June. Following this latest disposition, the insider now owns 13,037 holdings of the $13.6 billion market cap cruise ship operator.
Richard Fain, Chairman and Chief Executive Officer at Royal Caribbean, is the second insider to unload stock this week. Yesterday, Fain reported a disposition of 94,850 shares of Common Stock, directly, and for a weighted average price of $62.37 per share. Furthermore, the insider also exercised his use of stock options and following his second stock sale of the fiscal year, Fain now holds a total of 1,153,689 company shares.