How Sommer was paid
$13.8M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Harry SommerFormer President and Chief Executive Officer | $1,300,000 | $9,499,960 | $2,880,800 | $71,800 | $13,752,560 |
| Mark A. KempaExecutive Vice President and Chief Financial Officer | $975,000 | $2,299,965 | $1,080,300 | $54,115 | $4,409,380 |
| Patrik DahlgrenExecutive Vice President, Chief Vessel Operations and Newbuild Officer | $975,000 | $2,299,965 | $1,080,300 | $54,612 | $4,409,877 |
| Daniel S. FarkasExecutive Vice President, General Counsel, Chief Development Officer and Secretary | $750,000 | $2,159,968 | $831,000 | $57,456 | $3,798,424 |
| David HerreraFormer President, Norwegian Cruise Line | $622,500 | $2,299,965 | $686,656 | $2,128,524 | $5,737,645 |
| Jason MontagueChief Luxury Officer | $914,712 | $2,299,965 | $1,080,300 | $65,257 | $4,360,234 |
What changed and why
- $13.8MFormer CEO Harry Sommer received total compensation of $13,752,560 for fiscal year 2025.
- Annual performance incentive pool was funded based on pre-established entity-wide performance targets.
- All named executive officers received a mix of time-based and performance-based equity awards.
- 96.74%Approximately 96.74% of votes cast approved the prior say-on-pay proposal.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.