WEIL LAURA A 4
4 · CARNIVAL PLC · Filed May 7, 2026
Research Summary
AI-generated summary of this filing
Carnival (CUK) Director Laura A. Weil Surrenders 125,024 Trust Shares
What Happened
Laura A. Weil, a director of Carnival plc (ticker CUK), reported a disposition to the issuer on May 7, 2026: 125,024.498 Trust Shares were surrendered to Carnival plc and subsequently canceled. The filing shows no price or cash proceeds (price = N/A); the shares were surrendered for no consideration in connection with the DLC Unification and Redomiciliation completed that day.
Key Details
- Transaction date: May 7, 2026 (Form 4 filed same day).
- Transaction code: D (Disposition to issuer).
- Shares involved: 125,024.498 Trust Shares. Price/proceeds: N/A — shares were surrendered and canceled for no consideration.
- Shares owned after transaction: the reported Trust Shares were surrendered and canceled; the filer did not dispose of any Carnival Corporation securities in connection with the transaction.
- Footnotes: F1 explains these are Trust Shares (beneficial interests in the P&O Princess Voting Trust) paired with Carnival Corporation common stock; F2 explains the Trust Shares were surrendered and canceled as part of the DLC Unification and Redomiciliation.
- Timeliness: filing period and filing date are the same (no late filing indicated).
Context
This was a corporate-transaction-driven surrender/cancellation of Trust Shares tied to the DLC Unification and Redomiciliation (Carnival plc became a wholly owned subsidiary of Carnival Corporation Ltd.), not an open-market sale. Such dispositions to the issuer in restructurings do not represent routine insider selling for cash and should be interpreted as administrative effects of the corporate reorganization rather than a signal of insider sentiment.
Insider Transaction Report
- Disposition to Issuer
Trust Shares (beneficial Interest in Special Voting Share)
[F1][F2]2026-05-07−125,024.498→ 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 (fka 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.