MIGUEZ ENRIQUE 4

What Happened
Enrique Miguez, General Counsel of Carnival plc (CUK), received 63,581 shares on 2026-02-10 as the vesting of performance-based restricted stock units (PBS RSUs). To cover tax withholding obligations, 27,239 shares were surrendered/withheld (reported as disposals) at $33.22 per share, generating proceeds of $835,061 (25,141 shares) and $69,685 (2,098 shares) — a total tax withholding value of $904,746. After withholding, Miguez received a net 36,342 shares. The grant/vesting is reported as an acquisition (A) and the withholdings as tax-related disposals (F).

Key Details

• Transaction date: 2026-02-10; Form 4 filed 2026-02-12 (timely within standard two-business-day window).
• Award: 63,581 shares reported as granted/vested (code A) at $0.00 (RSUs).
• Withheld for taxes: 25,141 shares @ $33.22 = $835,061 and 2,098 shares @ $33.22 = $69,685; total withheld 27,239 shares ≈ $904,746 (code F).
• Net shares received by insider: 36,342 (63,581 granted − 27,239 withheld).
• Notable footnotes: vesting from PBS RSUs granted April 21, 2023 (F2); performance period achieved at 170.4% of target (F3); withheld shares represent issuer tax withholdings (F4/F5); F1 explains Trust Shares pairing with Carnival plc special voting share.
• Shares owned after transaction: not specified in the provided excerpt of the filing.

Context

• This was a vesting of performance-based RSUs, not an open-market purchase or voluntary sale. The withholdings are routine tax-related dispositions (code F), commonly used to satisfy payroll/tax obligations on vested equity and do not necessarily indicate a change in insider sentiment.
• Because the RSUs vested at a performance multiplier (170.4% of target per the footnote), the grant delivered more shares than the target award.
• Transaction codes: A = Award/Grant; F = Payment of exercise price or tax liability (withholding).