BAND SIR JONATHON 4

What Happened
Sir Jonathon Band, a non-executive director of Carnival Corporation (CCL), was granted 7,712 unrestricted shares (code A) on May 8, 2026 as part of the company's 2020 Stock Plan. The board approved a grant value of $210,000; the share count was determined using a 20-day average price. To satisfy tax withholding obligations, 3,471 of those shares were withheld/disposed (code F) on May 11, 2026 at a reported price of $26.38 per share, generating proceeds of $91,565.

Key Details

• Transactions: Grant (A) of 7,712 shares on 2026-05-08; tax withholding/disposition (F) of 3,471 shares on 2026-05-11.
• Prices/values: Award recorded at $0.00 per share on the Form 4 (grant value disclosed as $210,000 in footnotes); withholding shares sold at $26.38 each for $91,565.
• Footnotes: F1—award to non-exec directors under the 2020 Stock Plan; F2—$210,000 grant value converted to shares using 20-day average price; F3—3,471 shares withheld to cover taxes.
• Shares owned after transaction: not reported in the Form 4 filing.
• Filing: Form 4 filed May 12, 2026; the filing reports the May 8 and May 11 transactions and appears to be within the standard reporting window.

Context
This was an equity award to a non-executive director, not an open-market purchase or sale for investment purposes. The grant increases his holdings, while the withholding is a routine disposition to satisfy tax obligations (common with restricted/unrestricted share grants). These types of awards are standard director compensation and do not by themselves indicate a trading signal.