On Friday, Royal Caribbean Cruises Ltd (NYSE:RCL) saw two of its insiders complete stock dispositions. The talk is of Bradley Stein, the firm’s Senior Vice President, General Counsel and Chief Compliance Officer, who unloaded 9,360 shares of Common Stock, directly, for a weighted average sales price of $61.40 per share. The second insider to dispose of his company shares was Adam Goldstein. The firm’s President and Chief Operating Officer sold 42,152 shares of Common Stock, directly, for a weighted average sales price of $61.69 per share. In addition to the stock sale, both insiders also exercised their use of stock options.
Stock sales have been relatively common at Royal Caribbean this year, with two insiders completing dispositions at the end of May. Chief Financial Officer, Jason Liberty, unloaded 13,531 shares of Common Stock for $55.39 per share, while Michael Bayley, President and Chief Executive Officer at the $13.9 billion market cap cruise ship operator, sold 13,661 shares for a price of $55.01 per share.
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