Jason T. Liberty has been the CEO of Royal Caribbean Group since January 2022. Born on June 1, 1975, he studied finance at the University of Florida and earned an MBA from the University of Michigan. He joined Royal Caribbean in 2005 and climbed the ranks quickly, holding key positions such as Chief Financial Officer and Executive Vice President. Under his leadership, the company focused on several critical metrics, including adjusted earnings per share and carbon intensity reduction, aligning with global sustainability goals. In 2023, Liberty's total compensation reached $17.2 million, consisting of a salary of $1.25 million, a bonus tied to performance achievements, and significant stock options set to vest based on long-term performance metrics. He has also actively participated in insider trading, with noted purchases and sales amounting to impressive values over the years, especially peaking at $18.2 million in early 2024. Liberty’s hands-on approach and strategic vision have been pivotal in shaping the company's direction, especially as it emerges from recent challenges in the cruise industry.

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Jason T. Liberty

CEO of Royal Caribbean Group

Education

Bachelor's degree in finance from the University of Florida and an MBA from the University of Michigan.

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Consumer Cyclical

Born

June 1, 1975 - 49 years ago

CEO of Royal Caribbean Group for

3 years 3 months (Jan 2022 - Present)

Previous Experience

Executive Vice President and Chief Financial Officer of Royal Caribbean Group.

Rivals

Competitors/colleagues of Jason T. Liberty

Calvin McDonald

CEO of lululemon athletica

2023 Compensation

Stock

$5.00M

Salary

$1.29M

Bonus

$0.00

Other

$33.29K

Total Holdings

$31.63M

Karl McDonnell

CEO of Strategic Education, Inc.

2021 Compensation

Stock

$1.73M

Salary

$906.00K

Bonus

$283.13K

Other

$8.70K

Total Holdings

$13.83M

David Weinberg

CEO of Skechers

2023 Compensation

Stock

$2.17M

Salary

$3.84M

Bonus

$1.39M

Other

$406.21K

Total Holdings

$10.26M

Morris Goldfarb

CEO of G-III Apparel Group

2023 Compensation

Stock

$3.13M

Salary

$1.35M

Bonus

$9.38M

Other

$188.96K

Total Holdings

$124.39M

Harry Sommer

CEO of Norwegian Cruise Line Holdings Ltd.

2023 Compensation

Stock

$0.00

Salary

$1.00M

Bonus

$1.00M

Other

$66.24K

Total Holdings

$10.52M

Arnold W. Donald

CEO of Carnival Corporation

2023 Compensation

Stock

$0.00

Salary

$0.00

Bonus

$0.00

Other

$106.57K

Total Holdings

$27.06M

Holdings

See how much did Jason T. Liberty make over time.

Jason T. Liberty's insider trading activity shows a significant engagement with Royal Caribbean’s stock. His trades have fluctuated considerably, with values in 2023 peaking around $18.2 million in January and then rising to an impressive $29.89 million by March 2024. Throughout the years, his trade values have shown upward trends, particularly notable in 2022 with values exceeding $10 million multiple times. It appears he’s strategically aligning his personal investments more closely with his corporate leadership role, reflecting confidence in the company’s future. His vested and granted stock options also highlight his commitment, with millions tied to performance metrics that focus on long-term company success. This aligns his personal financial outcome with shareholder interests, a common trend for executives aiming to show substantial skin in the game.

Mar 18, 2025

RCL @ $203.38

Total Stock Sold

$35.19M

RCL

$35.19M

256,820 RCL shares

What if they kept their stock?

If Jason T. Liberty didn't sell their stock, today they would have:
Extra RCL256,820 shares worth $10.33M.
This is -70.65% and $24.86M less than what they got when they sold the stock.

Insider Trading

See recent insider trades of Jason T. Liberty.

RCL

$15.23M

RCL at $262.60/share

Feb 18, 2025

Sale

RCL

93,069 shares

RCL

Feb 11, 2025

Received

RCL

$6.98M

RCL at $139.63/share

Apr 26, 2024

Sale

RCL

99,729 shares

RCL

Feb 8, 2024

Received

RCL

$2.92M

RCL at $80.00/share

May 17, 2023

Sale

RCL

7,221 shares

RCL

Mar 24, 2023

Received

RCL

6,670 shares

RCL

Feb 20, 2023

Received

RCL

61,675 shares

RCL

Feb 9, 2023

Received

RCL

47,894 shares

RCL

Feb 7, 2022

Received

RCL

$266.31K

RCL at $88.77/share

Apr 12, 2021

Sale

Compensation History

See how much did Jason T. Liberty make over time.

For the year 2023, Jason T. Liberty's total compensation reached $17.2 million, a substantial increase from previous years. His base salary stood at $1,246,986, accompanied by a performance-based bonus that surged to $4,280,000, a remarkable 171.2% of the target. The bulk of his compensation came from vested stock, valued at approximately $35.9 million. This performance-based compensation strategy is designed to align executive pay with the long-term success of Royal Caribbean, indicating a focus on sustainable and profitable growth for the company. Looking at his previous year's numbers, he also received a notable total of $12 million in 2022, showcasing a $5 million increase, reflecting not just personal achievement but overall company performance resurgence post-pandemic.

Year

2023

Total Compensation

$41.65M

Salary

$1.25M

Board Justification

The compensation philosophy aligns executive compensation with the long-term interests of shareholders, focusing on performance-based pay to attract and retain top talent while rewarding contributions to corporate performance.

Bonus

$4.28M

Board Justification

The bonus is based 100% on corporate performance metrics, with a payout of 171.2% of the target bonus for 2023.

Other

$189.25K

Board Justification

Includes perquisites such as auto lease, life insurance, and contributions to retirement plans.

Restricted Stock

$35.94M(277.54K RSU)

Board Justification

The performance-based restricted shares granted in 2023 will vest based on Adjusted EBITDA per APCD, Adjusted EPS, ROIC, and carbon intensity reduction over a three-year performance period ending December 2025.

Performance Metrics

The performance metrics for 2023 included Adjusted EPS, Net Yield, Net Cruise Costs, and various ESG-related KPIs.

Other Royal Caribbean Group CEOs

Here are other CEOs of Royal Caribbean Group

Richard D. Fain

Ex-CEO of Royal Caribbean Group

January 2001 - January 2022