tomk3212 Posted March 5, 2021 #26 Share Posted March 5, 2021 Amen!! Let's ALL move on to the next CC topic with a misleading opening statement...😏 1 1 Link to comment Share on other sites More sharing options...
Rare graphicguy Posted March 5, 2021 #27 Share Posted March 5, 2021 On 3/4/2021 at 11:06 AM, BirdTravels said: Were these stock options or something that needed to be bought or sold? I'm fairly certain they were options. And, NCL granted them at a small fraction of the sell price. Plus, whomever bought the shares paid ~$4M for the shares, not NCL. It did not come out of NCL's pockets. I guess some are unaware how this works. This is a stock transaction, not a transaction pulling money out of NCL's cash reserves. Link to comment Share on other sites More sharing options...
Roscoe197 Posted March 5, 2021 #28 Share Posted March 5, 2021 No need for njhorseman to apologize. Over the years, I have found him to be a reliable source of information. Apparently, he does his research and knows what he is talking about before posting. 1 Link to comment Share on other sites More sharing options...
jbcallender Posted March 11, 2021 #29 Share Posted March 11, 2021 When you sell stock, that means someone else bought it. It doesn't directly affect the company, but it must be disclosed. The stock awards were probably made at a much discounted price, as is typically the case and they have an opportunity to make significant profit, which is how the program is intended to work. I wish I had bought at $14 or $15 and sold at $29 or now the $33 range. Link to comment Share on other sites More sharing options...
blacksmith Posted March 12, 2021 #30 Share Posted March 12, 2021 I’m reminded of the famous Abbott and Costello skit “Who’s on First”. Link to comment Share on other sites More sharing options...
Rare BirdTravels Posted March 12, 2021 #31 Share Posted March 12, 2021 On 3/5/2021 at 3:57 PM, graphicguy said: I'm fairly certain they were options. And, NCL granted them at a small fraction of the sell price. Plus, whomever bought the shares paid ~$4M for the shares, not NCL. It did not come out of NCL's pockets. I guess some are unaware how this works. This is a stock transaction, not a transaction pulling money out of NCL's cash reserves. Most stock options granted to executives have a finite life at which point they have to be automatically bought or automatically sold. It is part of the total compensation of executives in most large companies. In my company, lots of senior managers (in addition to the executives) get options. Most allow them to be sold via limit order or when they come due to diversify their portfolio. Link to comment Share on other sites More sharing options...
Rare graphicguy Posted March 12, 2021 #32 Share Posted March 12, 2021 11 hours ago, BirdTravels said: Most stock options granted to executives have a finite life at which point they have to be automatically bought or automatically sold. It is part of the total compensation of executives in most large companies. In my company, lots of senior managers (in addition to the executives) get options. Most allow them to be sold via limit order or when they come due to diversify their portfolio. Correct. I know when I was compensated (partial) with stock options, I had limited periods I could trade those options (very restrictive) and those times did not coincide with maximizing their value. I had pre-IPO shares in those companies. When we went public, I could sell. That was the high point. Other options had to be held for a certain period of time before they could be traded, and they had, as you put it, a "finite life" where they could be sold before they expired. I'm assuming one or all of those conditions were true for the referenced shares/options that were sold. Link to comment Share on other sites More sharing options...
MoCruiseFan Posted March 12, 2021 #33 Share Posted March 12, 2021 On 3/4/2021 at 4:53 PM, njhorseman said: Obvious, you're obviously one of those individuals who doesn't understand the difference between fact and opinion. I know that THIS QUOTE is an opinion! Link to comment Share on other sites More sharing options...
MoCruiseFan Posted March 12, 2021 #34 Share Posted March 12, 2021 (edited) On 3/4/2021 at 12:01 AM, hbboers said: Cruise Industry News just reported Senior executives at Norwegian Cruise Line Holdings sold off shares in the company on March 1, 2021, according to SEC filings. Of note, President and CEO Frank Del Rio sold 80,821 shares at an average price of $29.85 each for a total of $2,412,506.85. Harry Sommer, president of the Norwegian brand, disposed of 18,854 company shares at $29.85 for a total of $562,791.90. Robert Binder, president and CEO of Oceania, sold 21,278 shares at $29.85 each for $635,148.30. Jason Montague, president and CEO of Regent Seven Seas Cruises, sold 18,854 shares at $29.85 each for $562,791.90 That is over $4.000,000. For a company that is hurting financially , i think it shows a lack of confidence in the company when it keeps going further into debt and refusing to give refunds. Just my opinion Let me guess, you have never worked in a position that included stock option and you have no idea how they work, right? Not to mention a couple of the pemises you use to draw your conclusion are either opinion or totally factually incorrect. Edited March 12, 2021 by MoCruiseFan Link to comment Share on other sites More sharing options...
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