Royal Caribbean Group Chairman and CEO Richard Fain saw total compensation of just over $12 million for the fiscal year 2020, according to a company SEC filing.
Fain saw his base salary cut by nearly 50 per cent, but made up for it with $11 million in stock awards.
Other company executives also had a good year, with CFO Jason Liberty seeing total compensation of $5.6 million, up from 2019.
Royal Caribbean International President and CEO Michael Bayley earned $7.4 million, also up from 2019.
The SEC filing noted that executives did forgo portions of their base salaries
The company said it wants to establish a mix of compensation components, including fixed and variable pay and short- and long-term incentives, that encourages “focus on both the short- and long-term interests of the company and its shareholders.”
Of note, Carnival Corporation CEO Arnold Donald took home $11 million and Norwegian Cruise Line Holdings CEO Frank Del Rio saw compensation of $36.4 million.
Royal Caribbean Group Compensation Table:
| Name and Principal Position | Fiscal Year | Salary ($) | Stock Awards ($) | One-Time Stock Awards | Non-Equity Incentive Plan Compensation | Change in Pension Value and NQDC Earnings | All Other Compensation | Total ($) |
| Richard D. Fain Chairman/CEO | 2020 | $645,000 | $11,171,146 | $3,042,000* | $154,879 | $112,478 | $12,083,503* | |
| 2019 | $1,276,923 | $8,699,024 | $4,006,080 | $189,347 | $187,545 | $14,358,919 | ||
| 2018 | $1,100,000 | $7,664,567 | $3,500,000 | $157,949 | $12,422,715 | |||
| 2017 | $1,100,000 | $7,661,433 | $4,327,400 | $99,493 | $155,087 | $13,343,413 | ||
| 2016 | $1,092,308 | $6,441,770 | $2,740,222 | $131,384 | $10,405,684 | |||
| 2015 | $1,038,462 | $5,803,644 | $2,426,667 | $119,796 | $9,388,569 | |||
| 2014 | $1,000,000 | $3,673,186 | $4,923,759 | $2,246,222 | $56,611 | $114,100 | $12,013,878 | |
| 2013 | $1,000,000 | $3,371,587 | $2,083,629 | $250,089 | $127,858 | $6,833,163 | ||
| Jason T. Liberty CFO | 2020 | $818,798 | $3,228,563 | $1,411,938 | $89,503 | $100,429 | $5,649,231 | |
| 2019 | $788,462 | $2,621,510 | $1,731,002 | $91,472 | $113,674 | $5,424,004 | ||
| 2018 | $788,462 | $2,136,947 | $1,685,523 | $140,932 | $4,751,864 | |||
| 2017 | $692,308 | $1,700,547 | $2,792,203 | $1,521,533 | $57,849 | $125,806 | $6,890,246 | |
| 2016 | $592,308 | $1,127,080 | $798,217 | $21,980 | $88,478 | $2,628,062 | ||
| 2015 | $511,538 | $765,923 | $655.175 | $66,801 | $1,999,437 | |||
| 2014 | $444,231 | $519,248 | $716.111 | $508.197 | $6,393 | $79,563 | $2,273,743 | |
| 2013 | $380,019 | $373,728 | $364.324 | $25,741 | $77,676 | $1,221,488 | ||
| Michael W. Bayley President/CEO RCI | 2020 | $866,346 | $4,943,887 | $1,435,000 | $74,355 | $116,244 | $7,435,832 | |
| 2019 | $941,923 | $4,061,696 | $1,803,361 | $110,1190 | $140,711 | $7,057,881 | ||
| 2018 | $870,769 | $3,086,742 | $1,577,143 | $187,432 | $5,722,086 | |||
| 2017 | $792,308 | $2,834,275 | $2,792,203 | $1,519,461 | $121,223 | $135,123 | $8,194,593 | |
| 2016 | $696,154 | $1,784,470 | $938,428 | $11,630 | $107,334 | $3,866,773 | ||
| 2015 | $675,000 | $1,436,142 | $986,229 | $115,934 | $3,213,305 | |||
| 2014 | $598,846 | $944,096 | $1,909,604 | $861,000 | $15,897 | $79,207 | $4,408,650 | |
| 2013 | $575,00 | $770,630 | $658,891 | $67,786 | $101,625 | $2,173,932 | ||
| Lisa Lutoff-Perlo President/CEO Celebrity | 2020 | $710,558 | $2,719,084 | $1,092,650 | $130,177 | $96,854 | $4,749,323 | |
| 2019 | $770,769 | $2,278,490 | $1,098,258 | $140,211 | $142,114 | $4,429,842 | ||
| 2018 | $688,462 | $1,786,762 | $1,228,438 | $136,520 | $3,840,202 | |||
| 2017 | $596,154 | $1,558,865 | $1,861,505 | $1,072,083 | $64,609 | $123,701 | $5,276,917 | |
| 2016 | $546,154 | $1,033,167 | $639,532 | $92,045 | $2,310,898 | |||
| Harri Kulovaara EVP Maritime | 2020 | $803,846 | $1,483,167 | $830,250 | $81,764 | $107,746 | $3,606,773 | |
| 2019 | $761,923 | $1,139,243 | $870,446 | $98,382 | $102,335 | $3,422,329 | ||
| 2018 | $692,308 | $893,480 | $924,236 | $764,728 | $109,262 | $3,844,014 | ||
*Declined Non-Equity Incentive Plan Compensation of $3,042,000
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