Carnival director granted 7,712 shares worth $210K

WEISENBURGER RANDALL J reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

WEISENBURGER RANDALL J reported acquisition or exercise transactions in this Form 4 filing.

Carnival Corp Ltd. director Randall J. Weisenburger received a grant of 7,712 unrestricted common shares on May 8, 2026 as compensation for his role as a non-executive director under the company’s 2020 Stock Plan. The Board had approved a grant value of $210,000, with the share count calculated using the average closing price over 20 trading days before the grant. Following this grant, he directly holds 410,008.8729 common shares. He also reports 961,238 common shares held indirectly through a limited partnership, which include shares accumulated via a dividend reinvestment feature.

Insights

Equity Compensation Analyst

Director received routine equity grant valued at $210,000.

The filing shows non-executive director Randall J. Weisenburger receiving 7,712 unrestricted common shares of Carnival Corp Ltd. as an equity grant under the 2020 Stock Plan. The Board set the grant value at $210,000, with share count based on a 20-day average price.

This is a compensation-related award, not an open-market purchase or sale, so it generally carries limited signaling value about the director’s view of the stock. After the grant, he holds 410,008.8729 shares directly and 961,238 shares indirectly via a limited partnership, indicating a substantial continuing equity interest.

Insider Trade Summary

Grant/Award: 7,712 shares

Grant/Award 2 txns

Insider WEISENBURGER RANDALL J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	7,712	$0.00	$0.00
holding	Common Shares	--	--	--

Holdings After Transaction: Common Shares — 410,008.8729 shares (Direct); Common Shares — 961,238 shares (Indirect, By LP)

Footnotes (3)

1. F1. Grant of unrestricted shares made to non-executive directors pursuant to the Carnival Corporation Ltd. 2020 Stock Plan.
2. F2. The Board of Directors approved a value of $210,000 to be granted to the reporting person in the form of unrestricted shares. The number of unrestricted shares was determined by dividing the grant value by the average of the closing prices of a Carnival Corporation share over 20 consecutive trading days ending on the day before the grant, then rounding down to the nearest whole share.
3. F3. Includes shares acquired pursuant to the dividend reinvestment feature of the reporting person's account.

Key Figures

Unrestricted shares granted: 7,712 shares Grant value approved: $210,000 Direct holdings after grant: 410,008.8729 shares +2 more

5 metrics

Unrestricted shares granted 7,712 shares Grant to non-executive director on May 8, 2026

Grant value approved $210,000 Board-approved value for director equity grant

Direct holdings after grant 410,008.8729 shares Common shares directly held after Form 4 transactions

Indirect LP holdings 961,238 shares Common shares held indirectly by limited partnership

Grant price basis 20-day average close Average closing price over 20 days used to size grant

Key Terms

unrestricted shares, 2020 Stock Plan, dividend reinvestment, limited partnership

4 terms

unrestricted shares financial

"Grant of unrestricted shares made to non-executive directors pursuant to the Carnival Corporation Ltd. 2020 Stock Plan."

2020 Stock Plan financial

"Grant of unrestricted shares made to non-executive directors pursuant to the Carnival Corporation Ltd. 2020 Stock Plan."

dividend reinvestment financial

"Includes shares acquired pursuant to the dividend reinvestment feature of the reporting person's account."

Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.

limited partnership financial

"Includes shares acquired pursuant to the dividend reinvestment feature of the reporting person's account."

A limited partnership is a legal business structure with two types of partners: at least one general partner who runs the business and bears full legal responsibility, and one or more limited partners who contribute money, share profits, and have liability capped at their investment. For investors, it matters because it separates control from financial exposure — like putting money into a store without managing it — and affects how returns, risks, taxes and transferability of ownership are handled.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Carnival Corp (CCL) director Randall Weisenburger report in this Form 4?

He reported receiving 7,712 unrestricted Carnival common shares as a grant under the 2020 Stock Plan. The grant is compensation for his non-executive director role and increased his direct holdings to 410,008.8729 shares, alongside significant indirect holdings via a limited partnership.

How was the $210,000 Carnival (CCL) stock grant to Randall Weisenburger calculated?

The Board approved a grant value of $210,000 in unrestricted shares. The number of shares was determined by dividing this value by the average closing price over 20 consecutive trading days before the grant date, then rounding down to the nearest whole share, resulting in 7,712 shares.

Is the Carnival (CCL) Form 4 transaction a market purchase or sale?

No, the Form 4 shows a grant of 7,712 unrestricted shares as compensation, coded “A” for grant or award. It is not an open-market buy or sell, but part of the company’s 2020 Stock Plan for non-executive directors, paid in equity rather than cash.

What are Randall Weisenburger’s direct holdings in Carnival (CCL) after this grant?

After receiving 7,712 unrestricted shares, his direct holdings total 410,008.8729 Carnival common shares. This figure reflects his position following the equity award and indicates a meaningful direct ownership stake, separate from additional shares held indirectly through a limited partnership account.

What indirect Carnival (CCL) holdings does Randall Weisenburger report?

He reports 961,238 Carnival common shares held indirectly “By LP,” meaning through a limited partnership. Footnotes state these indirect holdings include shares acquired via a dividend reinvestment feature, where dividends are automatically used to buy additional shares within that account.

What role does the Carnival 2020 Stock Plan play in this director’s Form 4?

The 2020 Stock Plan is the framework under which non-executive directors receive equity compensation. In this case, it provided 7,712 unrestricted shares worth $210,000 to Randall Weisenburger, aligning director compensation with shareholder interests by paying a portion in company stock instead of cash.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/12/2026 - 04:24 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

WEISENBURGER RANDALL J

(Last) (First) (Middle)

C/O CARNIVAL CORPORATION

3655 NW 87TH AVE.

(Street)

MIAMI FLORIDA 33178-2428

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Carnival Corp Ltd. [ CCL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	05/08/2026		A(1)		7,712(2)	A	$0	410,008.8729(3)	D
Common Shares								961,238	I	By LP

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Grant of unrestricted shares made to non-executive directors pursuant to the Carnival Corporation Ltd. 2020 Stock Plan.

2. The Board of Directors approved a value of $210,000 to be granted to the reporting person in the form of unrestricted shares. The number of unrestricted shares was determined by dividing the grant value by the average of the closing prices of a Carnival Corporation share over 20 consecutive trading days ending on the day before the grant, then rounding down to the nearest whole share.

3. Includes shares acquired pursuant to the dividend reinvestment feature of the reporting person's account.

	/s/ Randy Weisenburger	05/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)