Carnival plc (NYSE: CUK) HR chief surrenders 91K Trust Shares in DLC unification
Rhea-AI Filing Summary
Carnival plc Chief Human Resources Officer Bettina Alejandra Deynes reported a disposition of 91,517.5493 Trust Shares of beneficial interests in a Carnival plc special voting share. These Trust Shares were paired with Carnival Corporation common stock and represented voting interests rather than ordinary shares.
On May 7, 2026, in connection with the completion of Carnival Corporation and Carnival plc’s DLC Unification and Redomiciliation transactions, these Trust Shares beneficially owned by Deynes were surrendered to Carnival plc for no consideration and then canceled. Following this transaction, she reported holding zero Trust Shares of this type, and the footnotes state she did not dispose of any Carnival Corporation securities in connection with the unification.
Positive
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Trust Shares (beneficial Interest in Special Voting Share) | 91,517.549 | $0.00 | -- |
Footnotes (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.