MIGUEZ ENRIQUE 4
4 · CARNIVAL CORP · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
Carnival (CCL) General Counsel Enrique Miguez Receives Award
What Happened
Enrique Miguez, General Counsel of Carnival Corporation (CCL), received 63,581 performance-based restricted stock units (PBS RSUs) that vested on February 10, 2026. To cover tax obligations, 25,141 shares and 2,098 shares were withheld at $33.22 per share (dispositions reported as tax withholding) for total withholding proceeds of $835,061 and $69,685, respectively (total withheld ≈ $904,746). Net shares delivered to Miguez after withholding: 36,342. The vesting reflects performance goals for the 2023–2025 period certified at 170.4% of target.
Key Details
- Transaction date: February 10, 2026 (reported on Form 4 filed Feb 12, 2026). Filing appears timely (within two business days).
- Award: 63,581 PBS RSUs acquired (code A) — grant originally made April 21, 2023 (Carnival 2020 Stock Plan).
- Tax withholding: 25,141 shares withheld @ $33.22 = $835,061 (code F); 2,098 shares withheld @ $33.22 = $69,685 (code F).
- Net shares received: 36,342 (63,581 vested − 27,239 withheld).
- Footnotes: Vesting based on 2023–2025 performance; target achieved at 170.4% (F1–F2). F3/F4 note shares were withheld to cover taxes for performance- and time-based RSUs.
- Shares owned after the transaction are not disclosed in the provided filing.
Context
This filing reports the vesting of performance-based RSUs and routine share withholding to satisfy tax liabilities — the “disposed” entries reflect shares retained by the company for taxes, not open-market sales. Such tax-withholding transactions are common and do not necessarily indicate the insider’s market view.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-02-10+63,581→ 189,139 total - Tax Payment
Common Stock
[F3]2026-02-10$33.22/sh−25,141$835,061→ 163,998 total - Tax Payment
Common Stock
[F4]2026-02-10$33.22/sh−2,098$69,685→ 161,900 total
Footnotes (4)
- [F1]Vesting of performance-based restricted stock units ("PBS RSUs") granted in April 2023 pursuant to the Carnival Corporation 2020 Stock Plan. Each PBS RSU represents one share of Carnival Corporation common stock.
- [F2]The reporting person was eligible to earn from 0-200% of the target amount based on the achievement of certain pre-established performance goals for the 2023-2025 performance period, as certified by the Compensation Committee. These goals were achieved at 170.4% of target, resulting in the vesting of the shares reported herein.
- [F3]Represents shares withheld by the Issuer to cover taxes associated with vesting of performance-based restricted stock units granted April 21, 2023.
- [F4]Represents shares withheld by the Issuer to cover taxes associated with vesting of time-based restricted stock units granted April 21, 2023.