Employee Benefits and Compensation Plans
|3 Months Ended|
Mar. 31, 2023
|Disclosure of Compensation Related Costs, Share-based Payments [Abstract]|
|Employee Benefits and Compensation Plans||
8. Employee Benefits and Compensation Plans
Restricted Share Unit Awards
In March 2023, NCLH granted 5.8 million time-based restricted share unit awards to our employees, which primarily vest in substantially equal installments over three years. Additionally, in March 2023, NCLH granted 0.8 million performance-based restricted share units to certain members of our management team, which vest upon the achievement of certain pre-established performance targets established through 2025 and the satisfaction of an additional time-based vesting requirement that generally requires continued employment through March 1, 2026.
The following is a summary of restricted share unit activity for the three months ended March 31, 2023:
The compensation expense recognized for share-based compensation for the periods presented include the following (in thousands):
The entire disclosure for an entity's employee compensation and benefit plans, including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, share-based compensation, life insurance, severance, health care, unemployment and other benefit plans.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef