Carnival plc director surrenders 125K trust shares

Carnival plc director Stuart Subotnick reported a disposition of trust shares linked to a corporate restructuring.

Rhea-AI Filing Summary

Carnival plc director Stuart Subotnick reported a disposition of trust shares linked to a corporate restructuring. On May 7, 2026, 125,325.2739 Trust Shares representing a beneficial interest in a special voting share of Carnival plc were surrendered to Carnival plc for no consideration and then canceled. These Trust Shares were paired with Carnival Corporation common stock under the historic dual listed company structure. The filing states that Subotnick did not dispose of any Carnival Corporation securities in connection with this DLC Unification and Redomiciliation, and his reported Trust Share holdings are now zero.

Insider Trade Summary

Disposition: 125,325.2739 shares

Disposition 1 txn

Insider SUBOTNICK STUART

Role Director

Type	Security	Shares	Price	Value
Disposition	Trust Shares (beneficial Interest in Special Voting Share)	125,325.2739	$0.00	$0.00

Holdings After Transaction: Trust Shares (beneficial Interest in Special Voting Share) — 0 shares (Direct)

Footnotes (2)

1. F1. 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 (fka 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. F2. 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.

Key Figures

Trust Shares disposed: 125,325.2739 Trust Shares Price per Trust Share: $0.0000 per share Trust Shares after transaction: 0.0000 Trust Shares

3 metrics

Trust Shares disposed 125,325.2739 Trust Shares Disposition to issuer on May 7, 2026

Price per Trust Share $0.0000 per share Reported transaction price

Trust Shares after transaction 0.0000 Trust Shares Holdings following disposition

Key Terms

Trust Shares, P&O Princess Voting Trust, dual listed company transaction, DLC Unification and Redomiciliation, +1 more

5 terms

Trust Shares financial

"Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust"

P&O Princess Voting Trust financial

"beneficial interests in P&O Princess Voting Trust (the "Trust")"

dual listed company transaction financial

"In connection with the dual listed company transaction between Carnival plc"

DLC Unification and Redomiciliation financial

"completed the previously announced DLC Unification and Redomiciliation Transactions"

special voting share financial

"The Trust Shares represent a beneficial interest in the Carnival plc special voting share"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did CARNIVAL PLC (CUK) director Stuart Subotnick report?

Stuart Subotnick reported a disposition of 125,325.2739 Trust Shares representing beneficial interests in a Carnival plc special voting share. These Trust Shares were surrendered to Carnival plc for no consideration and then canceled as part of a corporate unification and redomiciliation transaction.

What are the Trust Shares referenced in the CARNIVAL PLC (CUK) Form 4 filing?

The Trust Shares are beneficial interests in a special voting share of Carnival plc held through the P&O Princess Voting Trust. They were historically paired with Carnival Corporation common stock under the dual listed company structure, represented by the same stock certificate as Carnival Corporation shares.

How many Trust Shares did the CARNIVAL PLC (CUK) director dispose of and at what price?

The director disposed of 125,325.2739 Trust Shares at a reported price of $0.0000 per share. According to the disclosure, these Trust Shares were surrendered to Carnival plc for no consideration and subsequently canceled in connection with the DLC Unification and Redomiciliation.

Did the CARNIVAL PLC (CUK) Form 4 involve any Carnival Corporation common stock sales?

No. The filing states that the reporting person did not dispose of any Carnival Corporation securities. Only the Trust Shares, representing beneficial interests in Carnival plc’s special voting share, were surrendered and canceled in connection with the DLC Unification and Redomiciliation transaction.

What is the DLC Unification and Redomiciliation mentioned in the CUK insider filing?

The DLC Unification and Redomiciliation refers to transactions completed on May 7, 2026, under which Carnival plc became a wholly-owned subsidiary of Carnival Corporation Ltd. As part of this process, Trust Shares beneficially owned by the director were surrendered to Carnival plc and canceled.

What are the director’s Trust Share holdings after this CARNIVAL PLC (CUK) transaction?

Following the disposition, the Form 4 reports that the director’s holdings of Trust Shares are 0.0000. This reflects that all Trust Shares beneficially owned by the reporting person were surrendered to Carnival plc and canceled as part of the DLC Unification and Redomiciliation transactions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 05/07/2026 - 05:12 PM Learn about SEC filing dates

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

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^*

SUBOTNICK STUART

(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 PLC [ CUK ]

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)
05/07/2026

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)
			Code	V	Amount	(A) or (D)	Price
Trust Shares (beneficial Interest in Special Voting Share)(1)	05/07/2026		D(2)		125,325.2739	D	(2)	0	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount 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 (fka 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/ Stuart Subotnick	05/07/2026
	** 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)