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Royal Caribbean Group Executive Compensation

RCL · Industrials · FY2025 Data
Total Exec Pay FY2025
$51.4M
Highest Paid Executive
$24.0M
Executives Tracked
6
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Data available:FY2025FY2024FY2023

Named Executive Officers — FY2025

ExecutiveYearBaseStockTotal Pay
Jason Liberty
Chief Executive Officer
FY2025$1.4M$15.8M$24.0M
Michael W. Bayley
Executive Officer
FY2025$1.2M$5.5M$9.4M
Naftali Holtz
Chief Financial Officer
FY2025$946,769$4.0M$7.1M
Laura Hodges Bethge
Executive Officer
FY2025$893,462$3.2M$6.0M
Harri U. Kulovaara EVP Maritime
Executive Officer
FY2025$932,846$1.9M$4.9M
Lisa Lutoff-Perlo
Chief Executive Officer
FY2023$540,377$3.9M$9.8M

Compensation Analysis

Computed directly from SEC-sourced figures tracked on this page — not a general description.

Royal Caribbean Group discloses FY2025 compensation for 5 named executive officers, totaling $51.4M. Jason Liberty, the Chief Executive Officer, accounts for 47% of that combined total.

Jason Liberty's total compensation rose 23% year-over-year, from $19.5M in FY2024 to $24.0M in FY2025.

Cash compensation (salary plus bonus) made up 10% of Royal Caribbean Group's FY2025 tracked executive pay, with stock awards accounting for 59%. That's notably more stock-weighted than the typical Industrials company in this dataset, where stock awards average 2% of tracked pay.

Among 128 other Industrials companies in this dataset, Royal Caribbean Group's combined tracked executive pay of $51.4M ranks in the 96th percentile (industry median: $12.5M). Its highest-paid executive, Jason Liberty, ranks in the 93th percentile for top-executive pay in the sector (industry median: $6.8M).

Compensation figures on this page for Royal Caribbean Group come directly from its SEC DEF 14A proxy statement(s), filed with the SEC via EDGAR — not from crowdsourced or self-reported salary data.

Historical Compensation Data

ExecutiveYearBaseStockTotal
FY2025$1.4M$15.8M$24.0M
FY2025$1.2M$5.5M$9.4M
FY2025$946,769$4.0M$7.1M
FY2025$893,462$3.2M$6.0M
FY2025$932,846$1.9M$4.9M
FY2024$1.3M$13.0M$19.5M
FY2024$1.1M$5.0M$9.0M
FY2024$896,923$3.1M$5.9M
FY2024$904,923$1.7M$4.7M
FY2024$798,923$2.0M$4.3M
FY2023$1.2M$11.5M$17.2M
FY2023$1.1M$7.0M$10.8M
FY2023$540,377$3.9M$9.8M
FY2023$792,466$2.5M$4.9M
FY2023$878,222$1.8M$4.7M
FY2023$724,104$1.5M$3.3M
Data Source: Compensation figures are sourced from Royal Caribbean Group's DEF 14A proxy statement filed with the U.S. Securities and Exchange Commission (SEC) via EDGAR. Figures reflect the most recently available fiscal year per executive. See something wrong? Report it.
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