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Carnival (NYSE: CCL) director gets $210K share grant with tax withholding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Carnival Corp Ltd. director Jason Glen Cahilly received a grant of 7,712 unrestricted common shares as a non-executive director under the 2020 Stock Plan, based on a Board-approved value of $210,000. The company withheld 616 shares at $26.38 per share to cover taxes associated with the grant. Following these compensation-related transactions, he directly holds about 87,820.6733 common shares.

Positive

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Negative

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Insider cahilly jason glen
Role null
Type Security Shares Price Value
Tax Withholding Common Shares 616 $26.38 $16K
Grant/Award Common Shares 7,712 $0.00 --
Holdings After Transaction: Common Shares — 87,820.673 shares (Direct, null)
Footnotes (1)
  1. Grant of unrestricted shares made to non-executive directors pursuant to the Carnival Corporation Ltd. 2020 Stock Plan. 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. Includes shares acquired pursuant to the dividend reinvestment feature of the reporting person's account. Represents shares withheld by the Issuer to cover taxes associated with the grant of unrestricted shares.
Unrestricted share grant 7,712 shares Grant to non-executive director on 2026-05-08
Grant value $210,000 Board-approved value for unrestricted share grant
Tax-withheld shares 616 shares Withheld to cover taxes on grant, 2026-05-11
Tax withholding price $26.38/share Value used for 616 withheld shares
Shares held after transactions 87,820.6733 shares Direct ownership after grant and tax withholding
Tax-withholding shares count 616 shares Reported in transaction summary as taxWithholdingShares
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 feature financial
"Includes shares acquired pursuant to the dividend reinvestment feature of the reporting person's account."
taxes associated with the grant financial
"Represents shares withheld by the Issuer to cover taxes associated with the grant of unrestricted shares."
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
SEC Form 4
FORM 4UNITED 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*
cahilly jason glen

(Last)(First)(Middle)
C/O CARNIVAL CORPORATION
3655 N.W. 87TH AVENUE

(Street)
MIAMI FLORIDA 33178

(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)
XDirector10% 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)
XForm 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)
CodeVAmount(A) or (D)Price
Common Shares05/08/2026A(1)7,712(2)A$088,436.6733(3)D
Common Shares05/11/2026F616(4)D$26.3887,820.6733D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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.
4. Represents shares withheld by the Issuer to cover taxes associated with the grant of unrestricted shares.
/s/ Jason G. Cahilly05/12/2026
** Signature of Reporting PersonDate
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)

FAQ

What did CCL director Jason Glen Cahilly report in this Form 4?

Jason Glen Cahilly reported a grant of 7,712 unrestricted Carnival common shares and a related tax withholding of 616 shares. These are compensation-related entries rather than open-market trades, reflecting routine equity awards to a non-executive director.

How many Carnival (CCL) shares were granted to Jason Glen Cahilly?

He received 7,712 unrestricted common shares of Carnival. The Board approved a grant value of $210,000, with the share count determined using a 20-day average closing price and then rounded down to the nearest whole share.

Why were 616 Carnival (CCL) shares disposed of in Jason Cahilly’s Form 4?

The 616 shares were withheld by Carnival to cover taxes associated with the unrestricted share grant. This tax-withholding disposition, coded “F,” is not an open-market sale but a standard mechanism to satisfy tax obligations on equity compensation.

What is Jason Glen Cahilly’s Carnival (CCL) share ownership after these transactions?

After the reported grant and tax withholding, Jason Glen Cahilly directly holds 87,820.6733 Carnival common shares. This figure includes prior holdings and shares acquired through dividend reinvestment features referenced in the filing’s footnotes.

How was the value of Jason Cahilly’s CCL share grant determined?

The Board set the grant value at $210,000, then divided this amount by the average closing price of a Carnival share over 20 consecutive trading days ending before the grant. The resulting share count was rounded down to the nearest whole share.