What was the value of the Carnival (CCL) share grant to director Nelda Connors?

The Board approved a value of $210,000 for Nelda J. Connors’s share grant. The number of shares granted, 7,712, was determined by dividing this grant value by the average closing price over 20 consecutive trading days, then rounding down to the nearest whole share.

Under what plan was Nelda Connors’s Carnival (CCL) share grant made?

Nelda J. Connors’s unrestricted share grant was made under the Carnival Corporation Ltd. 2020 Stock Plan. This plan provides for equity-based compensation to participants, and in this case covered a $210,000 grant of unrestricted shares to a non-executive director.

Carnival (CCL) director Nelda Connors granted 7,712 shares; 616 withheld for taxes

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Carnival Corp Ltd. director Nelda J. Connors received a grant of 7,712 unrestricted common shares on 2026-05-08 under the 2020 Stock Plan, based on a Board-approved value of $210,000. On 2026-05-11, 616 shares were withheld at $26.38/share to cover taxes on this grant. After these transactions, Connors directly holds 30,418.6435 common shares, including shares acquired through a dividend reinvestment feature.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Connors Nelda J

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 — 30,418.644 shares (Direct, null)

Footnotes (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.

Key Figures

Unrestricted share grant: 7,712 shares Grant value approved: $210,000 Tax-withheld shares: 616 shares +2 more

5 metrics

Unrestricted share grant 7,712 shares Grant to non-executive director on 2026-05-08

Grant value approved $210,000 Board-approved value for unrestricted share grant

Tax-withheld shares 616 shares Shares withheld to cover taxes on grant on 2026-05-11

Tax-withholding price $26.38/share Value used for 616 shares withheld for taxes

Shares held after transactions 30,418.6435 shares Direct holdings after grant and tax withholding

Key Terms

unrestricted shares, 2020 Stock Plan, dividend reinvestment feature, shares withheld

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 feature financial

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

shares withheld financial

"Represents shares withheld by the Issuer to cover taxes associated with the grant of unrestricted shares."

Form 4 Insider Transactions: What Each Field Means →

05/12/2026 - 04:14 PM

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^*

Connors Nelda J

(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)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	05/08/2026		A⁽¹⁾		7,712⁽²⁾	A	$0	31,034.6435⁽³⁾	D
Common Shares	05/11/2026		F		616⁽⁴⁾	D	$26.38	30,418.6435	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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/ Nelda J. Connors	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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Carnival (CCL) director Nelda Connors report?

Nelda J. Connors reported receiving 7,712 unrestricted Carnival common shares as a grant, then having 616 shares withheld to cover taxes. These transactions are compensation-related rather than open-market trades and reflect routine equity awards to non-executive directors.

How many Carnival (CCL) shares did Nelda Connors receive in the latest grant?

Nelda J. Connors received a grant of 7,712 unrestricted Carnival common shares. The grant was made under the Carnival Corporation Ltd. 2020 Stock Plan and represents a Board-approved grant value of $210,000 calculated using a 20-day average closing share price.

Why were 616 Carnival (CCL) shares withheld from Nelda Connors?

Carnival withheld 616 common shares from Nelda J. Connors to cover taxes related to her unrestricted share grant. The shares were valued at $26.38 each for this tax-withholding disposition, which is a non-market transaction commonly used to satisfy tax obligations on equity awards.

How many Carnival (CCL) shares does Nelda Connors hold after these transactions?

After the grant and tax-withholding, Nelda J. Connors directly holds 30,418.6435 Carnival common shares. This total includes shares acquired through the dividend reinvestment feature of her account, indicating an ongoing accumulation of stock via automatic reinvested dividends.