Lahey Katie 4

What Happened

• Katie Lahey, a director of Carnival plc (CUK), disposed of 78,029.059 Trust Shares (beneficial interests in the P&O Princess Voting Trust) on May 7, 2026. The shares were surrendered to the issuer for no consideration and then canceled; the filing reports no cash price (N/A). This was not an open‑market sale — the disposition occurred as part of a corporate unification transaction.

Key Details

• Transaction date: May 7, 2026; Form 4 filed the same day (timely).
• Transaction code: D (Disposition to the issuer); 78,029.059 Trust Shares surrendered; price: N/A (no consideration).
• Shares owned after transaction: The Trust Shares surrendered were canceled; the filing does not show remaining Trust Shares (the reporter did not dispose of any Carnival Corporation securities).
• Notable footnotes: F1 explains that the Trust Shares represent beneficial interests in a special voting share paired with Carnival Corporation common stock. F2 states the DLC Unification and Redomiciliation was completed May 7, 2026, after which the Trust Shares held by the reporting person were surrendered to Carnival plc and canceled.
• No indication of a 10b5‑1 plan, tax‑withholding sale, or option exercise in this filing.

Context

• These Trust Shares were part of the dual‑listed company (DLC) structure; the May 7, 2026 DLC Unification and Redomiciliation converted Carnival plc into a wholly owned subsidiary and resulted in cancellation of the Trust Shares. Because the disposition was a surrender/cancellation related to corporate restructuring (not an open‑market sale), it should not necessarily be read as an insider trading signal.