Bernstein David 4

What Happened

• David Bernstein, Carnival Corporation & plc Chief Financial Officer and Chief Accounting Officer, was granted 49,894 time‑vested restricted share units (TBS RSUs) on May 8, 2026. The award was reported on a Form 4 filed May 12, 2026. The units were granted at $0 per unit (i.e., issued as compensation rather than purchased); the total dollar value of the grant is not stated in the excerpt.

Key Details

• Transaction date: May 8, 2026; Form 4 filed: May 12, 2026.
• Transaction type/code: Award/Grant (A). Number of RSUs: 49,894; acquisition price reported as $0.
• Vesting: TBS RSUs vest on a 3‑year pro‑rata schedule in April 2027, April 2028 and April 2029.
• Settlement and rights: Each TBS RSU represents a hypothetical interest in one Carnival share, accumulates dividend equivalents, and may only be settled in shares.
• How number was set: Compensation Committee approved a grant value; the RSU count was determined by dividing that value by the 20‑day average closing price ending the day before the grant, rounded down.
• Shares owned after transaction: Not specified in the provided excerpt.
• Timeliness: The Form 4 was filed four days after the grant (May 12 for a May 8 transaction). Standard SEC rules generally require Form 4 filings within two business days of the transaction, so this filing is dated after that typical window.

Context

• TBS RSUs are compensation awards, not open‑market purchases or sales. They provide future equity if and when they vest and are generally used to retain and incentivize executives. Such grants are routine executive compensation and do not by themselves indicate immediate buying or selling sentiment.