Form 4: Carnival Corp Director Stuart Subotnick Receives 11,117 Shares of Common Stock

Director Stuart Subotnick acquired 11,117 shares of Carnival Corporation common stock on April 16, 2025, as part of a grant under the company's 2020 Stock Plan.

Summary

• On April 16, 2025, Stuart Subotnick, a director of Carnival Corporation, acquired 11,117 shares of common stock.
• The acquisition was a grant of unrestricted shares made pursuant to the Carnival Corporation 2020 Stock Plan.
• The grant was valued at $195,000, with the number of shares determined by dividing the grant value by the average closing price of Carnival Corporation common stock over 10 consecutive trading days ending on the grant date.
• Following the transaction, Subotnick directly owns 125,325.2727 shares of Carnival Corporation common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The document reports a standard stock grant to a director, which is a common practice and generally viewed as a positive alignment of interests.

Positives

• The grant of shares to a director aligns their interests with those of the shareholders.
• The grant is part of a pre-existing stock plan, suggesting a structured approach to director compensation.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing reflects standard compensation practices for directors of publicly traded companies, aligning their interests with shareholders through equity ownership. Stock grants are a common component of director compensation packages in the cruise line industry and other sectors.

Comparison to Industry Standards

• Stock grants to non-executive directors are a common practice across publicly traded companies, including those in the cruise line industry.
• Comparable companies like Royal Caribbean and Norwegian Cruise Line also utilize stock-based compensation for their board members.
• The value of the grant ($195,000) appears to be within a typical range for director compensation at companies of Carnival's size and market capitalization.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term value.
• The grant has a minimal impact on employees, customers, suppliers, and creditors.

Key Dates

Keywords

Carnival Corporation, Stuart Subotnick, Director, Stock Grant, Common Stock, Beneficial Ownership, SEC Form 4, CCL, 2020 Stock Plan