NCLH finalizes CEO Chidsey's contract with $48M performance-based equity grant

Norwegian Cruise Line Holdings Ltd.

CEO John Chidsey receives $1.715M base salary, $2.9M fixed bonus for 2026; 175% target bonus from 2027.
Inducement award of 2,139,892 total RSUs/PSUs (~$48M): 967,254 RSUs vest over 4 years, 1,172,638 PSUs cliff vest on TSR CAGR (5%-20%).
No further equity grants intended until 2030; award granted outside the 2013 equity plan under NYSE inducement exemption.
Severance: 2x base salary plus pro-rata bonus for Qualifying Termination; additional 2x target bonus if change in control within 24 months.

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