Harry Sommer is the President and CEO of Norwegian Cruise Line Holdings Ltd., taking the helm on July 1, 2023, after years of service within the company. Before becoming CEO, he was President of the Norwegian Cruise Line brand since...

Current Market Cap

$11.30B

Number of Employees

35.9K

Total Compensation

2020 - 2023

Trending down by -39.12% last year
Showing total compensation for the last 2020 - 2023

Stock

Down by -100.00% last year

Salary

Up by 11.20% last year

Bonus

Up by 0.00% last year

Other

Up by 19.75% last year

Year

2023

Total Compensation

$2.07M

Salary

$1.00M

Board Justification

The compensation philosophy aims to attract and retain top talent while aligning executive compensation with company performance and shareholder interests.

Bonus

$1.00M

Board Justification

Annual cash performance incentive based on performance metrics for the fiscal year 2023, with a target amount equal to at least 175% of his annual base salary.

Other

$66.24K

Board Justification

Includes a cash automobile allowance, executive medical plan premiums, and other benefits.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock awards vested in 2023 as the focus is on performance-based metrics for future awards.

Performance Metrics

The performance metrics for 2023 included Adjusted EBITDA, successful delivery of new ships, and sustainability metrics.

SEC Filing

From April 29, 2024