Gearhart Jeffrey J 4
4 · CARNIVAL PLC · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
Carnival plc (CUK) Director Jeffrey J. Gearhart Surrenders 73,012 Trust Shares
What Happened Jeffrey J. Gearhart, a director of Carnival plc (CUK), reported a disposition to the issuer on 2026-05-07 in which 73,012.054 Trust Shares were surrendered and canceled. The filing reports no cash or other consideration was received for these Trust Shares (price: N/A).
Key Details
- Transaction date: 2026-05-07 (reported on Form 4 filed 2026-05-07).
- Security: 73,012.054 Trust Shares representing beneficial interests in the P&O Princess Voting Trust (the "Trust"); price/consideration: N/A (surrendered to issuer and canceled).
- Shares owned after transaction: not specified in the Form 4 filing.
- Footnote highlights:
- F1: The Trust Shares are beneficial interests in Carnival plc’s special voting share and are paired with Carnival Corporation common stock certificates.
- F2: The surrender and cancellation occurred in connection with the DLC Unification and Redomiciliation completed May 7, 2026; the reporting person did not dispose of any Carnival Corporation securities.
- Filing timeliness: filing date matches transaction date (no late filing indicated).
Context A "Disposition to Issuer" here reflects surrender/cancellation of Trust Shares tied to corporate reorganization (the DLC Unification and Redomiciliation), not an open-market sale. Such corporate-driven cancellations do not necessarily indicate trading intent by the insider and did not involve sale of Carnival Corporation securities.
Insider Transaction Report
- Disposition to Issuer
Trust Shares (beneficial Interest in Special Voting Share)
[F1][F2]2026-05-07−73,012.054→ 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.