deynes bettina alejandra 4
4 · CARNIVAL PLC · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
Carnival (CUK) CHRO Bettina Deynes Receives Award, Sells Shares for Taxes
What Happened
Bettina Alejandra Deynes, Chief Human Resources Officer of Carnival plc (CUK), had 47,686 performance-based restricted stock units (PBS RSUs) vest on Feb 10, 2026 (acquired at $0.00). To cover tax withholding obligations on the vesting, 20,490 shares were disposed at $33.22 per share—18,765 shares for $623,281 and 1,725 shares for $57,296—totaling $680,577. The acquisition reflects vesting of RSUs rather than a cash purchase; the disposals were to satisfy tax withholding.
Key Details
- Transaction date: February 10, 2026; Form filed Feb 12, 2026 (appears timely).
- Vested/awarded: 47,686 shares (PBS RSUs) @ $0.00 (grant/vesting).
- Shares withheld/sold for taxes: 18,765 shares @ $33.22 = $623,281; 1,725 shares @ $33.22 = $57,296. Total withheld/sold = 20,490 shares for $680,577.
- Footnotes: Vesting relates to PBS RSUs granted April 21, 2023 under the 2020 Stock Plan; performance was certified at 170.4% of target (resulting in vesting). Shares were withheld by the issuer to cover taxes. A separate footnote explains Trust Shares structure (Trust Shares represent beneficial interest in Carnival plc special voting share and are paired with Carnival Corporation common stock).
- Shares owned after transaction: not specified in the provided filing excerpt.
Context
This was vesting of performance-based RSUs with issuer withholding shares to cover tax obligations (a routine, non-open-market disposition). Such withholding is common and does not necessarily signal the insider's view on the stock.
Insider Transaction Report
- Award
Trust Shares (beneficial Interest in Special Voting Share)
[F1][F2][F3]2026-02-10+47,686→ 117,812 total - Tax Payment
Trust Shares (beneficial Interest in Special Voting Share)
[F1][F4]2026-02-10$33.22/sh−18,765$623,281→ 99,047 total - Tax Payment
Trust Shares (beneficial Interest in Special Voting Share)
[F1][F5]2026-02-10$33.22/sh−1,725$57,296→ 97,322 total
Footnotes (5)
- [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 (f/k/a 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]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.
- [F3]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.
- [F4]Represents shares withheld by the Issuer to cover taxes associated with vesting of performance-based restricted stock units granted April 21, 2023.
- [F5]Represents shares withheld by the Issuer to cover taxes associated with vesting of time-based restricted stock units granted April 21, 2023.