Connors Nelda J 4
4 · CARNIVAL PLC · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
Carnival plc (CUK) Director Nelda J. Connors Surrenders 23,322.644 Trust Shares
What Happened Nelda J. Connors, a director of Carnival plc, reported a disposition to the issuer on May 7, 2026, consisting of 23,322.644 Trust Shares. The shares were surrendered to Carnival plc and canceled in connection with the DLC Unification and Redomiciliation; no consideration (cash) was received and no Carnival Corporation common stock was sold by the reporting person. Price and total proceeds are listed as N/A because this was a cancellation of trust shares rather than a market sale.
Key Details
- Transaction date: 2026-05-07 (reported on same date)
- Transaction type/code: Disposition to issuer (D) — surrender/cancellation of Trust Shares
- Shares involved: 23,322.644 Trust Shares; price/proceeds: N/A (no consideration)
- Shares owned after transaction: not specified in the Form 4 filing
- Footnotes: F1 explains these are Trust Shares representing interests in the Carnival plc special voting share paired with Carnival Corporation common stock; F2 states the Trust Shares were surrendered and canceled as part of the DLC Unification and Redomiciliation
- Filing timeliness: reported on the transaction date (appears timely)
Context These Trust Shares are not direct Carnival Corporation common stock but represent a beneficial interest in Carnival plc’s special voting share and are paired with Carnival Corporation shares. The reported action was a corporate-transaction-related surrender/cancellation tied to the DLC Unification and Redomiciliation, not an open-market sale or purchase by the insider—so it should not be read as a typical insider sell signal.
Insider Transaction Report
- Disposition to Issuer
Trust Shares (beneficial Interest in Special Voting Share)
[F1][F2]2026-05-07−23,322.644→ 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.