David Bernstein - Feb 15, 2022 Form 4 Insider Report for CARNIVAL PLC (CUK)

Role
CFO & CAO
Signature
/s/ David Bernstein
Stock symbol
CUK
Transactions as of
Feb 15, 2022
Transactions value $
-$22,084
Form type
4
Date filed
2/17/2022, 10:18 AM
Previous filing
Jan 21, 2022
Next filing
Aug 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CUK Trust Shares (beneficial Interest In Special Voting Share) Award $0 +2.51K +2.3% $0.00 112K Feb 15, 2022 Direct F1, F2, F3
transaction CUK Trust Shares (beneficial Interest In Special Voting Share) Tax liability -$22.1K -989 -0.88% $22.33 111K Feb 15, 2022 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust"). In connection with the dual listed company transaction between Carnival plc (fka P&O Princess Cruises plc) and Carnival Corporation (the "DLC Transaction"), Carnival plc issued one special voting share to the Trust and, following a series of transactions, the Trust Shares were distributed to holders of common stock of Carnival Corporation (the "Carnival Corporation Common Stock"). Since completion of the DLC Transaction on April 17, 2003, if Carnival Corporation issues Carnival Corporation Common Stock to a person, the Trust will issue an equivalent number of Trust Shares to such person. The Trust Shares are paired with shares of Carnival Corporation Common Stock and are represented by the same stock certificate. The Trust Shares represent a beneficial interest in the Carnival plc special voting share.
F2 Vesting of performance-based restricted stock units ("PBS RSUs") granted in January 2019 pursuant to the Carnival Corporation 2011 Stock Plan which includes shares from the settlement of dividend equivalents accumulated during the PBS RSU restricted period. Each PBS RSU represents one share of Carnival Corporation common stock.
F3 The reporting person was eligible to earn from 0-200% of the target amount of PBS RSUs to the extent that Carnival Corporation & plc's annual operating income, as adjusted for certain fuel price changes and currency exchange rate impact, for each of the three fiscal years in the 2019-2021 performance cycle and the average of each year's return on invested capital at the end of the three-year performance cycle exceed specified performance goals.
F4 Represents shares withheld by the Company to cover taxes associated with vesting of PBS RSUs.