Norwegian Cruise Line Holdings CEO Frank Del Rio's 2018 pay jumps 115% to $23M

Norwegian Cruise Line Holdings reports 2018 executive compensation

By ExecPay News

Published: April 26, 2019

Norwegian Cruise Line Holdings reported fiscal year 2018 executive compensation information on April 26, 2019.

In 2018, seven executives at Norwegian Cruise Line Holdings received on average a compensation package of $7.7M, a 73% increase compared to previous year.

Average pay of disclosed executives at Norwegian Cruise Line Holdings

Frank J. Del Rio, Chief Executive Officer, received $23M in total, which increased by 115% compared to 2017. 67% of Del Rio's compensation, or $15M, was in stock awards. Del Rio also received $5.4M in non-equity incentive plan, $1.8M in salary, as well as $206K in other compensation.

For fiscal year 2018, the median employee pay was $20,101 at Norwegian Cruise Line Holdings. Therefore, the ratio of Frank J. Del Rio's pay to the median employee pay was 1,124 to one.

Wendy A. Beck, Chief Financial Officer, received a compensation package of $6.6M, which increased by 106% compared to previous year. 53% of the compensation package, or $3.5M, was in other compensation.

Jason M. Montague, Chief Executive Officer, earned $5.3M in 2018, a 67% increase compared to previous year.

Andrew Stuart, Chief Executive Officer, received $5.3M in 2018, which increases by 67% compared to 2017.

T. Robin Lindsay, Executive Vice President, Vessel Operations, earned $5.3M in 2018, a 67% increase compared to previous year.

Robert Binder, Chief Executive Officer, received $5.3M in 2018, which increases by 68% compared to 2017.

Mark A. Kempa, Chief Financial Officer, earned $3M in 2018.