Norwegian Cruise Line Holdings Management

Management criteria checks 3/4

Norwegian Cruise Line Holdings' CEO is Harry Sommer, appointed in Jan 2023, has a tenure of 1.25 years. total yearly compensation is $4.65M, comprised of 19.4% salary and 80.6% bonuses, including company stock and options. directly owns 0.077% of the company’s shares, worth €5.79M. The average tenure of the management team and the board of directors is 2.2 years and 5.8 years respectively.

Key information

Harry Sommer

Chief executive officer

US$4.7m

Total compensation

CEO salary percentage	19.4%
CEO tenure	1.3yrs
CEO ownership	0.08%
Management average tenure	2.2yrs
Board average tenure	5.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Harry Sommer's remuneration changed compared to Norwegian Cruise Line Holdings's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	US$166m
Sep 30 2023	n/a	n/a	-US$210m
Jun 30 2023	n/a	n/a	-US$851m
Mar 31 2023	n/a	n/a	-US$1b
Dec 31 2022	US$5m	US$900k	-US$2b
Sep 30 2022	n/a	n/a	-US$3b
Jun 30 2022	n/a	n/a	-US$4b
Mar 31 2022	n/a	n/a	-US$4b
Dec 31 2021	US$4m	US$699k	-US$5b
Sep 30 2021	n/a	n/a	-US$4b
Jun 30 2021	n/a	n/a	-US$4b
Mar 31 2021	n/a	n/a	-US$4b
Dec 31 2020	US$6m	US$594k	-US$4b
Sep 30 2020	n/a	n/a	-US$3b
Jun 30 2020	n/a	n/a	-US$2b
Mar 31 2020	n/a	n/a	-US$1b
Dec 31 2019	US$4m	US$700k	US$930m
Sep 30 2019	n/a	n/a	US$964m
Jun 30 2019	n/a	n/a	US$983m
Mar 31 2019	n/a	n/a	US$970m
Dec 31 2018	US$5m	US$600k	US$955m

Compensation vs Market: Harry's total compensation ($USD4.65M) is above average for companies of similar size in the German market ($USD3.42M).

Compensation vs Earnings: Harry's compensation has been consistent with company performance over the past year.

CEO

Harry Sommer (55 yo)

1.3yrs

Tenure

US$4,650,693

Compensation

Mr. Harry J. Sommer served as Chief Executive Officer of Norwegian Brand (Norwegian Cruise Line) at Norwegian Cruise Line Holdings Ltd. since January 2020 until 2023. He serves as President & Chief Executi...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Harry Sommer	President	1.3yrs	US$4.65m	0.077% $ 5.8m
Mark Kempa	Executive VP & CFO	6.1yrs	US$4.65m	0.040% $ 3.0m
Frank Del Rio	Senior Advisor	less than a year	US$21.21m	0.20% $ 14.9m
Faye Ashby	Senior VP & Chief Accounting Officer	8.2yrs	no data	0.028% $ 2.1m
Daniel Farkas	Executive VP	16.2yrs	no data	0.045% $ 3.4m
Todd Hamilton	Senior Vice President of Sales	no data	no data	no data
Alex Xiang	Managing Director of China Operations	6.2yrs	no data	no data
Ben Angell	VP & MD - NCL APAC	no data	no data	no data
Juan Kuryla	Senior Vice President of Port Development & Construction Management	2.3yrs	no data	no data
Frank Del Rio	President of Oceania Cruises Brand	2.1yrs	no data	0.0050% $ 374.9k
Jason Krimmel	Head of International Business & Chief International Sales and Marketing Officer of NCL	1.2yrs	no data	no data
Adam Malone	Chief Marketing Officer of Norwegian Cruise Line	1.1yrs	no data	no data

2.2yrs

Average Tenure

52.5yo

Average Age

Experienced Management: 1NC's management team is considered experienced (2.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Harry Sommer	President	1.3yrs	US$4.65m	0.077% $ 5.8m
Stella David	Independent Director	7.3yrs	US$324.98k	0.016% $ 1.2m
Russell Galbut	Independent Chairman of the Board	8.4yrs	US$519.82k	0.13% $ 10.2m
Robert Binder	Vice Chairman of Oceania Cruises & Regent	9.2yrs	US$5.83m	no data
Zillah Byng-Thorne	Independent Director	1.4yrs	US$52.38k	0.0043% $ 326.6k
Harry Curtis	Independent Director	2.5yrs	US$374.73k	0.0063% $ 474.0k
David Abrams	Independent Director	10yrs	US$359.98k	0.013% $ 994.8k
Jose Cil	Independent Director	less than a year	no data	0.0054% $ 407.4k
Mary Landry	Independent Director	5.8yrs	US$349.98k	0.0054% $ 405.2k

5.8yrs

Average Tenure

59yo

Average Age

Experienced Board: 1NC's board of directors are considered experienced (5.8 years average tenure).

Norwegian Cruise Line Holdings Management

Management criteria checks 3/4

Key information

Recent management updates

Norwegian Cruise Line Holdings Ltd. Announces Resignation of Mr. Adam Aron from Board of Directors

Norwegian Cruise Line Holdings Ltd. Appoints Mr. José E. Cil as a Member of the Board and to the Audit Committee of the Board

President recently sold €5.1m worth of stock

Norwegian Cruise Line Holdings Ltd. Appoints Patrik Dahlgren as the Company’s New Executive Vice President

Norwegian Cruise Line Holdings Announces Executive Changes Effective January 1, 2023

High number of new directors

Recent updates

Norwegian Cruise Line Holdings Ltd. to Report Q1, 2024 Results on May 01, 2024

Norwegian Cruise Line Holdings Ltd Unveils Bold New Vision for the Future with Strategic Long Term Fleet Expansion and Enhanced Private Island Development

Norwegian Cruise Line Holdings Ltd. Provides Operating Guidance for the First Quarter and Full Year of 2024

Full year 2023 earnings released: EPS: US$0.39 (vs US$5.41 loss in FY 2022)

New minor risk - Share price stability

Norwegian Cruise Line Holdings Ltd. to Report Q4, 2023 Results on Feb 27, 2024

Norwegian Cruise Line Opens for Sale the All-New Norwegian Aqua, the First of the Next-Generation Prima Plus Class

Third quarter 2023 earnings released: EPS: US$0.81 (vs US$0.70 loss in 3Q 2022)

Norwegian Cruise Line Holdings Provides Earnings Guidance for the Fourth Quarter and Full Year 2023

Norwegian Cruise Line Holdings Ltd. Announces Resignation of Mr. Adam Aron from Board of Directors

Norwegian Cruise Line Holdings Ltd. to Report Q3, 2023 Results on Nov 01, 2023

Norwegian Cruise Line Holdings Ltd. Appoints Mr. José E. Cil as a Member of the Board and to the Audit Committee of the Board

Norwegian Cruise Line Holdings Ltd. Provides Earnings Guidance for the Third Quarter 2023 and Full Year 2023

Second quarter 2023 earnings released: EPS: US$0.20 (vs US$1.22 loss in 2Q 2022)

Norwegian Cruise Line Holdings Ltd. to Report Q2, 2023 Results on Aug 01, 2023

President recently sold €5.1m worth of stock

Norwegian Cruise Line Holdings Ltd. Appoints Patrik Dahlgren as the Company’s New Executive Vice President

First quarter 2023 earnings released: US$0.38 loss per share (vs US$2.35 loss in 1Q 2022)

Full year 2022 earnings released: US$5.41 loss per share (vs US$12.33 loss in FY 2021)

Now 20% undervalued after recent price drop

Norwegian Cruise Line Holdings Ltd. to Report Q4, 2022 Results on Feb 28, 2023

Norwegian Cruise Line Holdings Announces Executive Changes Effective January 1, 2023

Norwegian Cruise Line Holdings Ltd. Provides Earnings Guidance for the Fourth Quarter of 2022

Norwegian Cruise Line Holdings Ltd. Not Provides Earnings Guidance for the Year 2022

High number of new directors

Norwegian Cruise Line Holdings Ltd. Appoints Zillah Byng-Thorne to Board of Directors, Member of Audit Committee and Compensation Committee

Norwegian Cruise Line Holdings Ltd. to Report Q3, 2022 Results on Nov 08, 2022

Insider recently sold €909k worth of stock

Insider recently sold €1.2m worth of stock

Second quarter 2022 earnings released: US$1.22 loss per share (vs US$1.94 loss in 2Q 2021)

Norwegian Cruise Line Holdings Ltd. to Report Q2, 2022 Results on Aug 09, 2022

Independent Chairman of the Board recently bought €1.4m worth of stock

Norwegian Cruise Line Holdings Ltd. to Report Q1, 2022 Results on May 10, 2022

Norwegian Cruise Line Serves Up Elevated Epicurean Experiences with New Prima Class

Norwegian Cruise Line Holdings Ltd. Provides Consolidated Earnings Guidance for the First Quarter of 2022

Norwegian Cruise Line Holdings Ltd. to Report Q4, 2021 Results on Feb 24, 2022

Norwegian Cruise Line Introduces Norwegian Viva

Third quarter 2021 earnings released: US$2.29 loss per share (vs US$2.50 loss in 3Q 2020)

Senior Vice President of Investor Relations, Corporate Communications & ESG Andrea DeMarco has left the company

Norwegian Cruise Line Holdings Ltd. Announces Earnings Guidance for the Third Quarter Ending September 30, 2021

Norwegian Cruise Line Announces Plans for Anticipated Return to Cruising from the United States

Norwegian Cruise Line Holdings Ltd. Announces Earnings Guidance for the Second Quarter Ending June 30, 2021

Norwegian Cruise Line Holdings Ltd. Requests Response from CDC on Company’s Plan to Restart Cruising from U.S. Ports as Outlined on April 5th

Norwegian Cruise Line Holdings Ltd. Announces Two-Pronged Plan for Long-Awaited Return to Cruising Within and Outside the U.S

Norwegian Cruise Line Holdings Ltd. Announces Resignation of Scott Dahnke from the Board

Norwegian Cruise Line Holdings Ltd. has completed a Follow-on Equity Offering in the amount of $1.427338 billion.

Norwegian Cruise Line Holdings Ltd. Provides Earnings Guidance for the First Quarter Ending March 31, 2021

Norwegian Cruise Line Holdings Ltd. to Report Q4, 2020 Results on Feb 25, 2021

Norwegian Cruise Line Holdings Ltd. Announces Extension of Suspension of Voyages

Norwegian Cruise Line Holdings Ltd. has completed a Follow-on Equity Offering in the amount of $832 million.

Norwegian Cruise Line Launches Embark the Series

Revenue misses expectations

Third quarter 2020 earnings released: US$2.50 loss per share

New 90-day high: €18.34

Norwegian Cruise Line Holdings Ltd. to Report Q3, 2020 Results on Nov 09, 2020

Norwegian Cruise Line Holdings Ltd. Provides Earnings Guidance for the Third Quarter Ending September 30, 2020 and the Year Ending December 31, 2020

Norwegian Cruise Line Holdings Ltd. has completed a Follow-on Equity Offering in the amount of $250.000005 million.

Norwegian Cruise Line Holdings Ltd.(NYSE:NCLH) dropped from Russell 3000 Growth Index

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

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