Michael O. Thamm - Feb 6, 2023 Form 4 Insider Report for CARNIVAL PLC (CUK)

Role
Group CEO - Costa Crociere
Signature
/s/ Michael O. Thamm
Stock symbol
CUK
Transactions as of
Feb 6, 2023
Transactions value $
-$544,033
Form type
4
Date filed
2/8/2023, 10:44 AM
Previous filing
Jan 23, 2023
Next filing
Feb 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CUK Ordinary Shares Award $0 +25.1K +13.98% $0.00 204K Feb 6, 2023 Direct F1, F2
transaction CUK Ordinary Shares Tax liability -$121K -11.8K -5.76% $10.26 193K Feb 6, 2023 Direct F3, F4
transaction CUK Ordinary Shares Award $0 +87.7K +45.54% $0.00 280K Feb 6, 2023 Direct F5, F6
transaction CUK Ordinary Shares Tax liability -$423K -41.2K -14.71% $10.26 239K Feb 6, 2023 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vesting of performance-based restricted stock units ("PBS RSUs") granted in February 2020 pursuant to the Carnival plc 2014 Employee Share 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 plc ordinary shares.
F2 The reporting person was eligible to earn from 0-200% of the target amount of PBS RSUs based upon the extent to which Carnival Corporation & plc's annual adjusted operating income, as further adjusted for certain fuel price changes and currency exchange rate impact for each of the three fiscal years in the 2020-2022 performance period, return on invested capital for 2021-2022, and certain environmental, social & governance metrics, reach or exceed specified performance goals.
F3 Represents shares withheld by the Company to cover taxes associated with vesting of PBS RSUs.
F4 The transaction was conducted in British Pounds. The average sale price of GBP10.2642 was converted into US$ at the February 6, 2023 conversion rate of GBP1 = USD1.2049.
F5 Vesting of PBS RSUs granted in August 2020 pursuant to the Carnival plc 2014 Employee Share Plan. Each PBS RSU represents one share of Carnival plc ordinary shares.
F6 The reporting person was eligible to earn from 0-150% of the target amount of PBS RSUs based upon the extent to which Carnival Corporation & plc's certain specified environmental, social & governance metrics over the 2020-2022 performance period reach or exceed specified performance goals.