CARNIVAL PLC·4

Apr 23, 11:39 AM ET

Bernstein David 4

Research Summary

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Carnival (CUK) CFO David Bernstein Sells 17,312 Trust Shares

What Happened
David Bernstein, CFO & CAO of Carnival plc, had 17,312 trust shares disposed on April 21, 2026 to satisfy tax liabilities. The disposals were in two transactions: 7,578 shares and 9,734 shares, each at $28.74 per share, totaling approximately $217,793 and $279,757 respectively (combined ≈ $497,550). These were dispositions to cover tax obligations rather than open-market investment sales.

Key Details

  • Transaction date: 2026-04-21; Filing date: 2026-04-23 (filed timely).
  • Price: $28.74 per share.
  • Shares disposed: 7,578 and 9,734 (total 17,312).
  • Total value: ≈ $497,550 (sum of both disposals).
  • Transaction code F: payment of exercise price or tax liability (tax withholding).
  • Footnote: These were Trust Shares (beneficial interests in P&O Princess Voting Trust) paired with Carnival Corporation common stock per the Trust arrangement.
  • Shares owned after transaction: Not reported in the provided excerpt.

Context
These transactions represent tax-withholding dispositions of Trust Shares (routine to cover tax from equity awards or exercises) and are not the same as an open-market sale signaling new investment intent. No indication of a trading plan or other motive is provided in the filing excerpt.