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Carnival plc (CUK) maritime chief has 4,769 Trust Shares withheld for RSU taxes

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

Rhea-AI Filing Summary

Carnival plc Chief Maritime Officer Lars Jakob Ljoen reported routine tax-withholding transactions related to equity compensation. On April 21, 2026, a total of 4,769 Trust Shares of beneficial interests in the P&O Princess Voting Trust were withheld at $28.7402 per share.

Footnotes explain these Trust Shares are paired with Carnival Corporation common stock and represent a beneficial interest in a special voting share. The withheld shares covered taxes on vesting of time-based restricted stock units granted on April 8, 2024 and April 16, 2025, rather than open-market sales.

Positive

  • None.

Negative

  • None.
Insider Ljoen Lars Jakob
Role Chief Maritime Officer
Type Security Shares Price Value
Tax Withholding Trust Shares (beneficial Interest in Special Voting Share) 1,710 $28.7402 $49K
Tax Withholding Trust Shares (beneficial Interest in Special Voting Share) 3,059 $28.7402 $88K
Holdings After Transaction: Trust Shares (beneficial Interest in Special Voting Share) — 53,134.772 shares (Direct, null)
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. Represents shares withheld by the Company to cover taxes associated with vesting of time-based restricted stock units granted April 8, 2024. Includes shares acquired pursuant to the dividend reinvestment feature of the reporting person's account and dividend equivalent shares associated with the release of restricted stock units. Represents shares withheld by the Company to cover taxes associated with vesting of time-based restricted stock units granted April 16, 2025.
Tax-withheld shares total 4,769 shares Trust Shares withheld on April 21, 2026 for tax obligations
First tax-withheld block 3,059 shares Trust Shares withheld on April 21, 2026
Second tax-withheld block 1,710 shares Trust Shares withheld on April 21, 2026
Tax-withholding price $28.7402 per share Value used for Trust Shares withheld for taxes
RSU grant date 1 April 8, 2024 Time-based restricted stock units whose vesting triggered withholding
RSU grant date 2 April 16, 2025 Time-based restricted stock units whose vesting triggered withholding
Trust Shares financial
"Represents trust shares (the "Trust Shares") of beneficial interests in P&O Princess Voting Trust"
special voting share financial
"The Trust Shares represent a beneficial interest in the Carnival plc special voting share"
time-based restricted stock units financial
"taxes associated with vesting of time-based restricted stock units granted April 8, 2024"
Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.
dividend reinvestment feature financial
"Includes shares acquired pursuant to the dividend reinvestment feature of the reporting person's account"
dividend equivalent shares financial
"and dividend equivalent shares associated with the release of restricted stock units"
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
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*
Ljoen Lars Jakob
(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Maritime Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/21/2026		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)04/21/2026F1,710(2)D$28.740253,134.7719(3)D
Trust Shares (beneficial Interest in Special Voting Share)(1)04/21/2026F3,059(4)D$28.740250,075.7719D
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. Represents shares withheld by the Company to cover taxes associated with vesting of time-based restricted stock units granted April 8, 2024.
3. Includes shares acquired pursuant to the dividend reinvestment feature of the reporting person's account and dividend equivalent shares associated with the release of restricted stock units.
4. Represents shares withheld by the Company to cover taxes associated with vesting of time-based restricted stock units granted April 16, 2025.
/s/ Lars Ljoen04/23/2026
** 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) officer Lars Jakob Ljoen report in this Form 4?

Lars Jakob Ljoen reported tax-withholding dispositions of Trust Shares, not open-market trades. A total of 4,769 Trust Shares were withheld at $28.7402 per share to cover taxes due on vesting of time-based restricted stock units granted in 2024 and 2025.

How many Carnival plc (CUK) Trust Shares were withheld for taxes?

A combined 4,769 Trust Shares of beneficial interests in the P&O Princess Voting Trust were withheld. The transactions consisted of 3,059 shares and 1,710 shares, both priced at $28.7402 per share, to satisfy tax obligations tied to restricted stock unit vesting.

Were these CUK Form 4 transactions open-market sales of Carnival shares?

No, these were not open-market sales. Both transactions are coded “F” for tax-withholding dispositions, meaning the company withheld Trust Shares to pay taxes on vesting restricted stock units, rather than the officer choosing to sell shares in the market.

What are the Trust Shares referenced in the Carnival plc (CUK) filing?

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

Which equity awards triggered the tax withholding in this Carnival plc Form 4?

The tax withholding related to vesting of time-based restricted stock units granted on April 8, 2024 and April 16, 2025. When these awards vested, Carnival plc withheld Trust Shares instead of cash to satisfy the associated tax liabilities for the reporting officer.

Does this CUK Form 4 indicate any new option exercises or derivative positions?

The filing does not show any new derivative exercises. The transactions involve non-derivative Trust Shares withheld for tax purposes, and the derivative section is empty, indicating no additional option or similar derivative activity reported in this particular Form 4.