BAND SIR JONATHON 4
4 · CARNIVAL PLC · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
Carnival (CUK) Director Sir Jonathon Band Surrenders 52,601 Trust Shares
What Happened
- Sir Jonathon Band, a director of Carnival plc (CUK), recorded a disposition to the issuer on May 7, 2026: 52,601.336 Trust Shares were surrendered and canceled. No cash proceeds or market sale occurred (price reported as N/A).
- This disposition was related to the completed DLC Unification and Redomiciliation transactions between Carnival plc and Carnival Corporation Ltd.; the Trust Shares were surrendered to Carnival plc for no consideration and then canceled.
Key Details
- Transaction date: 2026-05-07. Transaction type: Disposition to issuer (D). Price/proceeds: N/A (surrendered for no consideration).
- Shares involved: 52,601.336 Trust Shares (beneficial interests in P&O Princess Voting Trust).
- Shares owned after transaction: Not specified in the Form 4.
- Notable footnotes:
- F1: The Trust Shares represent beneficial interests in the Carnival plc special voting share and are paired with Carnival Corporation common stock certificates.
- F2: In connection with DLC Unification and Redomiciliation, the Reporting Person’s Trust Shares were surrendered and canceled; the Reporting Person did not dispose of any Carnival Corporation securities.
- Filing timeliness: The report covers and was filed for the same date (May 7, 2026), indicating no late filing noted.
Context
- This was not an open‑market sale but an issuer-directed surrender tied to a corporate restructuring (DLC Unification and Redomiciliation). Such actions are administrative/corporate in nature and do not necessarily reflect trading intent or sentiment by the insider.
- For retail investors: purchases tend to be more informative about insider confidence; a surrender or cancellation of trust shares in a corporate reorganization is procedural.
Insider Transaction Report
Form 4Exit
CARNIVAL PLCCUK
BAND SIR JONATHON
Director
Transactions
- Disposition to Issuer
Trust Shares (beneficial Interest in Special Voting Share)
[F1][F2]2026-05-07−52,601.336→ 0 total
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 (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]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.
Signature
/s/ Sir Jonathon Band|2026-05-07