Form 4: Carnival Director Receives Share Grant, Sells Shares
Statement of Changes in Beneficial Ownership
Carnival Corp. director Jeffrey J. Gearhart was granted 7,712 unrestricted shares and subsequently sold 616 shares to cover taxes.
Summary
- Director Jeffrey J. Gearhart received a grant of 7,712 unrestricted common shares on May 8, 2026, valued at $210,000.
- The number of shares granted was determined by dividing the grant value by the average closing price of Carnival Corporation shares over 20 trading days prior to the grant, rounded down.
- On May 11, 2026, Gearhart disposed of 616 shares at a price of $26.38 per share, which were withheld by the issuer to cover taxes associated with the share grant.
- Following these transactions, Gearhart beneficially owns 80,108 common shares.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports routine compensation and tax-related share transactions by a director, with no significant strategic or financial performance indicators.
Positives
- Director received a significant grant of unrestricted shares, indicating continued equity-based compensation.
- The company is utilizing a standard method for calculating share grants based on average closing prices over a period.
Negatives
- A portion of the granted shares were immediately disposed of to cover tax liabilities, reducing the net increase in beneficial ownership.
Future Outlook
No specific future outlook or guidance is provided in this Form 4 filing.
Industry Context
StockSavvy.ai notes that this filing is a routine Form 4, which reports changes in beneficial ownership by company insiders. Such filings are standard for directors and officers and reflect compensation practices and personal trading activities within the cruise line industry.
Stakeholder Impact
- Shareholders: The filing provides transparency on director compensation and insider holdings, which is a standard aspect of corporate governance.
Key Dates
| Date | Description |
|---|---|
| 05/08/2026 | Earliest transaction date; Grant of unrestricted shares. |
| 05/11/2026 | Date of share disposition to cover taxes. |
| 05/12/2026 | Date of signature on the filing. |
Keywords
Carnival Corp, CCL, Form 4, Insider Trading, Share Grant, Director Compensation, Beneficial Ownership, Securities Exchange Act
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