Norwegian Cruise Line Holdings CEO Frank Del Rio's 2019 pay falls 21% to $18M

Norwegian Cruise Line Holdings reports 2019 executive compensation

By ExecPay News

Published: April 28, 2022

Norwegian Cruise Line Holdings reported fiscal year 2019 executive compensation information on April 28, 2022.

In 2019, seven executives at Norwegian Cruise Line Holdings received on average a compensation package of $6.4M, a 16% decrease compared to previous year.

Average pay of disclosed executives at Norwegian Cruise Line Holdings

Frank J. Del Rio, Chief Executive Officer, received $18M in total, which decreased by 21% compared to 2018. 69% of Del Rio's compensation, or $12M, was in stock awards. Del Rio also received $3.6M in non-equity incentive plan, $1.8M in salary, as well as $207K in other compensation.

For fiscal year 2019, the median employee pay was $16,925 at Norwegian Cruise Line Holdings. Therefore, the ratio of Frank J. Del Rio's pay to the median employee pay was 1,052 to one.

Robert Binder, Chief Executive Officer, received a compensation package of $5.8M, which increased by 9% compared to previous year. 75% of the compensation package, or $4.4M, was in stock awards.

Andrew Stuart, Chief Executive Officer, earned $5.5M in 2019, a 2% increase compared to previous year.

Harry Sommer, Chief Executive Officer, received $4M in 2019.

Jason M. Montague, Chief Executive Officer, earned $4M in 2019, a 25% decrease compared to previous year.

Mark A. Kempa, Chief Financial Officer, received $4M in 2019, which increases by 32% compared to 2018.

T. Robin Lindsay, Executive Vice President, Vessel Operations, earned $4M in 2019, a 25% decrease compared to previous year.