NCLH CEO John Chidsey signs employment deal, $48 million intended-value equity award
Norwegian Cruise Line Holdings disclosed the employment agreement and restricted share unit award for CEO John Chidsey, who was appointed on February 12, 2026. The agreements were signed on March 26, 2026, and set out his salary, bonus, severance and a front-loaded equity grant covering four years. The equity award is about 60% performance-based, so shareholders would see dilution and pay tied to total shareholder return only if targets are met.
Key points
- Base salary of $1,715,000; fixed fiscal 2026 bonus of $2.9 million, below his target bonus
- Inducement award of 2,139,892 target RSUs with an intended value of about $48 million
- 967,254 RSUs vest in four annual installments from March 1, 2026; 1,172,638 PSUs cliff vest after four years
- PSUs vest at 0% below a 5% TSR CAGR, 100% at 10% and up to 200% at 20% or more
The filing
Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 27, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.