Carnival Corp (NYSE: CCL) HR chief receives 20,778 time-based RSUs in equity grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

deynes bettina alejandra reported acquisition or exercise transactions in this Form 4 filing.

Carnival Corp Ltd. Chief Human Resources Officer Bettina Alejandra Deynes received a grant of 20,778 time-based restricted share units (TBS RSUs) tied to common shares. These RSUs, granted under the 2020 Stock Plan, vest in three annual installments in April 2027, 2028 and 2029 and will be settled in shares. Following this award, she holds 112,295.5493 common shares, including 65,899 in a jointly owned account with her spouse.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider deynes bettina alejandra

Role Chief Human Resources Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	20,778	$0.00	--

Holdings After Transaction: Common Shares — 112,295.549 shares (Direct, null)

Footnotes (1)

Grant of time vested restricted share units ("TBS RSUs") made pursuant to the Carnival Corporation Ltd. 2020 Stock Plan. Each TBS RSU represents a hypothetical interest in one Carnival Corporation Ltd. common share. The TBS RSUs will vest on a 3-year pro-rata basis in April 2027, 2028 and 2029. The TBS RSUs will accumulate dividend equivalents and may only be settled in shares. The grant was approved by the Compensation Committee as a total value to be received in the form of TBS RSUs. The number of TBS RSUs 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 65,899 shares transferred to an account jointly owned with the reporting person's spouse.

Key Figures

RSUs granted: 20,778 units Shares after transaction: 112,295.5493 shares Jointly owned shares: 65,899 shares +2 more

5 metrics

RSUs granted 20,778 units Time-based RSUs granted on May 8, 2026

Shares after transaction 112,295.5493 shares Common shares beneficially owned following grant

Jointly owned shares 65,899 shares Held in an account jointly owned with spouse

Vesting schedule April 2027, 2028, 2029 Three-year pro-rata vesting for TBS RSUs

Grant price basis 20-day average close RSU count based on 20-day average closing price

Key Terms

time vested restricted share units, TBS RSUs, 2020 Stock Plan, dividend equivalents, +1 more

5 terms

TBS RSUs financial

"Each TBS RSU represents a hypothetical interest in one Carnival Corporation Ltd. common share."

2020 Stock Plan financial

"Grant of time vested restricted share units ("TBS RSUs") made pursuant to the Carnival Corporation Ltd. 2020 Stock Plan."

dividend equivalents financial

"The TBS RSUs will accumulate dividend equivalents and may only be settled in shares."

Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.

Compensation Committee financial

"The grant was approved by the Compensation Committee as a total value to be received in the form of TBS RSUs."

A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.

Form 4 Insider Transactions: What Each Field Means →

05/12/2026 - 04:16 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^*

deynes bettina alejandra

(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)

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

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⁾		20,778⁽²⁾	A	$0	112,295.5493⁽³⁾	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 time vested restricted share units ("TBS RSUs") made pursuant to the Carnival Corporation Ltd. 2020 Stock Plan. Each TBS RSU represents a hypothetical interest in one Carnival Corporation Ltd. common share. The TBS RSUs will vest on a 3-year pro-rata basis in April 2027, 2028 and 2029. The TBS RSUs will accumulate dividend equivalents and may only be settled in shares.

2. The grant was approved by the Compensation Committee as a total value to be received in the form of TBS RSUs. The number of TBS RSUs 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 65,899 shares transferred to an account jointly owned with the reporting person's spouse.

	/s/ Bettina Deynes	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 transaction did Carnival Corp (CCL) report for Bettina Alejandra Deynes?

Carnival reported that Chief Human Resources Officer Bettina Alejandra Deynes received a grant of 20,778 time-based restricted share units. These units represent a hypothetical interest in common shares and were issued under the company’s 2020 Stock Plan as part of her equity compensation.

How many Carnival (CCL) shares does Bettina Alejandra Deynes hold after this Form 4?

After the RSU grant, Bettina Alejandra Deynes is reported to beneficially own 112,295.5493 Carnival common shares. This total includes 65,899 shares that were transferred to, and are now held in, an account jointly owned with her spouse.

How do the new Carnival (CCL) RSUs for Bettina Deynes vest over time?

The time-based restricted share units granted to Bettina Deynes vest on a three-year pro-rata schedule. Vesting occurs in three equal annual installments in April 2027, April 2028 and April 2029, assuming the vesting conditions specified in the grant are satisfied.

Under which plan were Bettina Deynes’ Carnival (CCL) RSUs granted?

The RSUs granted to Bettina Deynes were issued under the Carnival Corporation Ltd. 2020 Stock Plan. This plan governs equity-based compensation awards such as time-based restricted share units that are ultimately settled in Carnival common shares.

How was the number of Carnival (CCL) RSUs for Bettina Deynes determined?

The Compensation Committee approved a total grant value for Bettina Deynes, to be delivered as RSUs. The number of RSUs was calculated by dividing that value by the 20-day average closing price of Carnival shares, then rounding down to the nearest whole share.

Do Bettina Deynes’ Carnival (CCL) RSUs pay dividends?

The time-based restricted share units granted to Bettina Deynes accumulate dividend equivalents. These dividend equivalents mirror dividends on Carnival common shares and are paid by increasing the number of units or shares deliverable when the RSUs are ultimately settled in stock.