Norwegian Cruise Line Holdings CEO Frank Del Rio's 2021 pay falls 46% to $20M

Norwegian Cruise Line Holdings reports 2021 executive compensation

By ExecPay News

Published: April 28, 2022

Norwegian Cruise Line Holdings reported fiscal year 2021 executive compensation information on April 28, 2022.

In 2021, five executives at Norwegian Cruise Line Holdings received on average a compensation package of $6.8M, a 45% decrease compared to previous year.

Average pay of disclosed executives at Norwegian Cruise Line Holdings

Frank J. Del Rio, Chief Executive Officer, received $20M in total, which decreased by 46% compared to 2020. 72% of Del Rio's compensation, or $14M, was in stock awards. Del Rio also received $3.6M in non-equity incentive plan, $1.8M in salary, as well as $208K in other compensation.

For fiscal year 2021, the median employee pay was $19,319 at Norwegian Cruise Line Holdings. Therefore, the ratio of Frank J. Del Rio's pay to the median employee pay was 1,018 to one.

Harry Sommer, Chief Executive Officer, received a compensation package of $3.6M, which decreased by 43% compared to previous year. 60% of the compensation package, or $2.2M, was in stock awards.

Jason M. Montague, Chief Executive Officer, earned $3.6M in 2021, a 43% decrease compared to previous year.

Mark A. Kempa, Chief Financial Officer, received $3.6M in 2021, which decreases by 38% compared to 2020.

T. Robin Lindsay, Executive Vice President, Vessel Operations, earned $3.6M in 2021, a 47% decrease compared to previous year.