ARISON MICKY MEIR 4
4 · CARNIVAL PLC · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
Carnival plc (CUK) Chair Micky Arison Surrenders Trust Shares
What Happened Micky Arison, Chair of the Board of Carnival plc, had a total of 94,142,908 Trust Shares (13,406,463 and 80,736,445) surrendered to Carnival plc and canceled on May 7, 2026. No cash or market proceeds were received (prices listed as N/A). This was not an open-market sale — the Trust Shares were surrendered and canceled in connection with the DLC Unification and Redomiciliation transaction completed that day.
Key Details
- Transaction date: May 7, 2026; transaction code: D (disposition to issuer).
- Shares surrendered: 13,406,463 and 80,736,445 — total 94,142,908 Trust Shares; price/consideration: N/A (no consideration).
- Post-transaction: the Trust Shares beneficially owned by the reporting person were surrendered and canceled. The reporting person did not dispose of any Carnival Corporation securities in connection with the transaction (per filing).
- Relevant footnotes: F1 explains these are Trust Shares representing beneficial interests in the Carnival plc special voting share (paired with Carnival Corporation common stock). F2 explains the surrender and cancellation occurred as part of the DLC Unification and Redomiciliation.
- Filing timeliness: report filed with transaction date May 7, 2026 (no late-filing indication in the form).
Context The Trust Shares are a special instrument created under the historic DLC structure and represent a beneficial interest in Carnival plc’s special voting share; they are paired with Carnival Corporation common stock. The entry reflects a corporate reorganization (DLC Unification and Redomiciliation) rather than an insider selling stock on the open market, so it should not be interpreted as a typical insider sell signal.
Insider Transaction Report
- Disposition to Issuer
Trust Shares (Beneficial Interest in Special Voting Share)
[F1][F2]2026-05-07−13,406,463→ 0 total(indirect: By Trust) - Disposition to Issuer
Trust Shares (Beneficial Interest in Special Voting Share)
[F1][F2]2026-05-07−80,736,445→ 0 total(indirect: By MA 1994 B Shares, L.P.)
Footnotes (2)
- [F1]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 (fka 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.
- [F2]On May 7, 2026, Carnival Corporation and Carnival plc completed the previously announced DLC Unification and Redomiciliation Transactions (the "DLC Unification and Redomiciliation"), pursuant to which Carnival plc became a wholly-owned subsidiary of Carnival Corporation Ltd. In connection with the consummation of the DLC Unification and Redomiciliation, the Trust Shares beneficially owned by the Reporting Person were surrendered to Carnival plc for no consideration, and then canceled. The Reporting Person did not dispose of any Carnival Corporation securities in connection with the DLC Unification and Redomiciliation.