---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-035686"
form_type: "8-K"
ticker: "NCLH"
cik: "0001513761"
company_name: "Norwegian Cruise Line Holdings Ltd."
filed_at: "2026-03-27T23:59:59+00:00"
generated_at: "2026-05-15T08:37:02.365080+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-035686
- form_type: 8-K
- ticker: NCLH
- cik: 0001513761
- company_name: Norwegian Cruise Line Holdings Ltd.
- filed_at: 2026-03-27T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1513761/000110465926035686/0001104659-26-035686-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1513761/000110465926035686/tm268760d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-035686
- JSON: https://secwatch.observer/filing/0001104659-26-035686.json
- Plain text: https://secwatch.observer/filing/0001104659-26-035686.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.