weinstein joshua ian 4
Research Summary
AI-generated summary
Carnival (CCL) CEO Joshua I. Weinstein Receives Award
What Happened
Joshua I. Weinstein, CEO of Carnival Corporation & plc (CCL), was granted 190,965 time‑vested restricted share units (TBS RSUs) on May 8, 2026. The award shows an acquisition price of $0 (typical for RSU grants); the grant value was set by the Compensation Committee and the number of RSUs was determined using a 20‑day average share price (see footnotes).
Key Details
- Transaction date: May 8, 2026; Form 4 filed May 12, 2026 (filed on time).
- Instrument/type: Time‑vested restricted share units (TBS RSUs) — transaction code A (award/grant).
- Amount granted: 190,965 TBS RSUs; acquisition price reported as $0.
- Vesting: Pro‑rata over three years, vesting in April 2027, April 2028 and April 2029.
- Dividend treatment and settlement: RSUs accumulate dividend equivalents and may only be settled in Carnival common shares (no cash settlement).
- Grant sizing: Number of RSUs was calculated by dividing the grant value by the average closing price over 20 trading days ending the day before the grant, then rounded down.
- Shares owned after transaction: Not specified in the supplied filing.
Context
This is a compensation award rather than an open‑market purchase or sale. RSU grants are common executive compensation and do not by themselves indicate immediate buying or selling pressure; they convert to shares only as they vest and are settled.