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Carnival PLC (CUK) GC surrenders trust shares in DLC unification

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

Rhea-AI Filing Summary

Carnival PLC General Counsel Enrique Miguez reported the surrender of trust-linked voting interests tied to Carnival PLC’s dual-listed structure. On May 7, 2026, 114,359 Trust Shares held through the Enrique Miguez Trust and 40,533.8118 Trust Shares held directly were disposed of to Carnival plc for no consideration and then canceled in connection with the DLC Unification and Redomiciliation. The footnotes state that no Carnival Corporation common stock was disposed of in these transactions.

Positive

  • None.

Negative

  • None.
Insider MIGUEZ ENRIQUE
Role General Counsel
Type Security Shares Price Value
Disposition Trust Shares (beneficial Interest in Special Voting Share) 40,533.812 $0.00 --
Disposition Trust Shares (beneficial Interest in Special Voting Share) 114,359 $0.00 --
Holdings After Transaction: Trust Shares (beneficial Interest in Special Voting Share) — 0 shares (Direct, null); Trust Shares (beneficial Interest in Special Voting Share) — 0 shares (Indirect, Enrique Miguez Trust U/A/D December 19, 2025)
Footnotes (1)
  1. Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust"). In connection with the dual listed company transaction between Carnival plc (f/k/a P&O Princess Cruises plc) and Carnival Corporation (the "DLC Transaction"), Carnival plc issued one special voting share to the Trust and, following a series of transactions, the Trust Shares were distributed to holders of common stock of Carnival Corporation (the "Carnival Corporation Common Stock"). Since completion of the DLC Transaction on April 17, 2003, if Carnival Corporation issues Carnival Corporation Common Stock to a person, the Trust will issue an equivalent number of Trust Shares to such person. The Trust Shares are paired with shares of Carnival Corporation Common Stock and are represented by the same stock certificate. The Trust Shares represent a beneficial interest in the Carnival plc special voting share. On May 7, 2026, Carnival Corporation and Carnival plc completed the previously announced DLC Unification and Redomiciliation Transactions (the "DLC Unification and Redomiciliation"), pursuant to which Carnival plc became a wholly-owned subsidiary of Carnival Corporation Ltd. In connection with the consummation of the DLC Unification and Redomiciliation, the Trust Shares beneficially owned by the Reporting Person were surrendered to Carnival plc for no consideration, and then canceled. The Reporting Person did not dispose of any Carnival Corporation securities in connection with the DLC Unification and Redomiciliation.
Indirect Trust Shares disposed 114,359 Trust Shares Disposition to issuer on May 7, 2026 via Enrique Miguez Trust
Direct Trust Shares disposed 40,533.8118 Trust Shares Direct disposition to issuer on May 7, 2026
Trust Shares after transactions 0 Trust Shares Total Trust Shares reported following the May 7, 2026 dispositions
Dispose transactions count 2 dispositions Non-derivative issuer dispositions coded “D” on May 7, 2026
Trust Shares financial
"Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust"
P&O Princess Voting Trust financial
"Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust")."
special voting share financial
"Carnival plc issued one special voting share to the Trust"
DLC Unification and Redomiciliation financial
"completed the previously announced DLC Unification and Redomiciliation Transactions"
disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
Form 4 Insider Transactions: What Each Field Means →
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
X
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*
MIGUEZ ENRIQUE
(Last)(First)(Middle)
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 PLC [ CUK ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
General Counsel
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/07/2026		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
Trust Shares (beneficial Interest in Special Voting Share)(1)05/07/2026D(2)40,533.8118D(2)0D
Trust Shares (beneficial Interest in Special Voting Share)(1)05/07/2026D(2)114,359D(2)0IEnrique Miguez Trust U/A/D December 19, 2025
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. Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust (the "Trust"). In connection with the dual listed company transaction between Carnival plc (f/k/a P&O Princess Cruises plc) and Carnival Corporation (the "DLC Transaction"), Carnival plc issued one special voting share to the Trust and, following a series of transactions, the Trust Shares were distributed to holders of common stock of Carnival Corporation (the "Carnival Corporation Common Stock"). Since completion of the DLC Transaction on April 17, 2003, if Carnival Corporation issues Carnival Corporation Common Stock to a person, the Trust will issue an equivalent number of Trust Shares to such person. The Trust Shares are paired with shares of Carnival Corporation Common Stock and are represented by the same stock certificate. The Trust Shares represent a beneficial interest in the Carnival plc special voting share.
2. On May 7, 2026, Carnival Corporation and Carnival plc completed the previously announced DLC Unification and Redomiciliation Transactions (the "DLC Unification and Redomiciliation"), pursuant to which Carnival plc became a wholly-owned subsidiary of Carnival Corporation Ltd. In connection with the consummation of the DLC Unification and Redomiciliation, the Trust Shares beneficially owned by the Reporting Person were surrendered to Carnival plc for no consideration, and then canceled. The Reporting Person did not dispose of any Carnival Corporation securities in connection with the DLC Unification and Redomiciliation.
/s/ Enrique Miguez05/07/2026
** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Carnival PLC (CUK) General Counsel Enrique Miguez report on this Form 4?

He reported dispositions of Trust Shares tied to Carnival PLC’s special voting share. On May 7, 2026, Trust Shares representing beneficial interests in a special voting share were surrendered to Carnival plc for no consideration and then canceled as part of the DLC Unification and Redomiciliation.

How many Trust Shares did Enrique Miguez dispose of in the May 7, 2026 transactions?

He disposed of 114,359 Trust Shares held indirectly and 40,533.8118 Trust Shares held directly. Both positions represented beneficial interests in the P&O Princess Voting Trust special voting share, and following these transactions, the reported Trust Share holdings were reduced to zero.

Were any Carnival Corporation common shares sold or disposed of in connection with these CUK Form 4 transactions?

No Carnival Corporation securities were disposed of. The footnotes state that, in connection with the DLC Unification and Redomiciliation, only the Trust Shares representing beneficial interests in Carnival plc’s special voting share were surrendered and canceled, without affecting Carnival Corporation common stock holdings.

What are the Trust Shares referenced in the Carnival PLC (CUK) Form 4 for Enrique Miguez?

The Trust Shares represent beneficial interests in a Carnival plc special voting share. They were issued by P&O Princess Voting Trust in connection with the historical dual listed company transaction, paired with Carnival Corporation common stock and represented by the same stock certificate as those common shares.

Why were Enrique Miguez’s Trust Shares surrendered to Carnival plc for no consideration?

The surrender occurred as part of the DLC Unification and Redomiciliation completed on May 7, 2026. In that transaction, Carnival plc became a wholly owned subsidiary of Carnival Corporation Ltd., and the Trust Shares beneficially owned by the reporting person were surrendered and then canceled.