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Share Option Awards
The following table sets forth a summary of option activity under NCLH’s Restated 2013 Plan for the six months ended June 30, 2024:
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Weighted- |
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Number of Share Option Awards |
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Weighted-Average Exercise Price |
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Average |
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Aggregate |
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Time- |
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Performance- |
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Time- |
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Performance- |
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Contractual |
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Intrinsic |
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Based |
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Based |
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Based |
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Based |
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Term |
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Value |
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Awards |
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Awards |
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Awards |
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Awards |
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(years) |
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(in thousands) |
Outstanding as of January 1, 2024 |
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3,524,856 |
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114,583 |
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$ |
52.98 |
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$ |
59.43 |
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1.26 |
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$ |
— |
Forfeited and cancelled |
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(1,011,038) |
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(114,583) |
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50.91 |
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59.43 |
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Outstanding as of June 30, 2024 |
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2,513,818 |
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— |
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53.81 |
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— |
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1.06 |
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— |
The compensation expense recognized for share-based compensation for the periods presented include the following (in thousands):
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Three Months Ended |
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Six Months Ended |
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June 30, |
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June 30, |
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2024 |
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2023 |
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2024 |
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2023 |
Payroll and related expense |
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$ |
5,077 |
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$ |
4,876 |
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$ |
9,691 |
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$ |
9,333 |
Marketing, general and administrative expense |
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17,907 |
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39,660 |
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35,241 |
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63,358 |
Total share-based compensation expense |
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$ |
22,984 |
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$ |
44,536 |
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$ |
44,932 |
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$ |
72,691 |
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