Carnival (NYSE: CCL) director receives 7,712-share grant; 616 withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Carnival Corp Ltd. director Laura A. Weil received a grant of 7,712 common shares as unrestricted stock compensation. The award was made under the Carnival Corporation Ltd. 2020 Stock Plan, based on a Board-approved value of $210,000 and an average market price calculation.
To cover taxes on this grant, 616 common shares were withheld at a price of $26.38 per share, a non-market tax-withholding disposition rather than an open-market sale. After these transactions, Weil directly holds 132,120.4975 common shares, including shares acquired through a dividend reinvestment feature.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
WEIL LAURA A
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 — 132,120.498 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: $210,000
Shares withheld for taxes: 616 shares
+3 more
6 metrics
Unrestricted share grant
7,712 shares
Grant to non-executive director Laura A. Weil
Grant value
$210,000
Board-approved value for unrestricted share award
Shares withheld for taxes
616 shares
Withheld to cover taxes on unrestricted share grant
Withholding reference price
$26.38 per share
Price used for tax-withholding share disposition
Shares held after transactions
132,120.4975 shares
Direct holdings following grant and tax withholding
Average price basis
20 trading days
Period used to average closing prices for grant calculation
Key Terms
unrestricted shares, 2020 Stock Plan, dividend reinvestment feature, taxes associated with the grant
4 terms
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."