Form 4: Carnival Director Stuart Subotnick Acquires Shares

Carnival Corp. director Stuart Subotnick acquired shares through a grant and disposed of shares via tax withholding and a sale.

Summary

• Stuart Subotnick, a Director at Carnival Corp., received a grant of 7,712 unrestricted shares on May 8, 2026, valued at $210,000.
• The number of shares granted was calculated by dividing the grant value by the average closing price of Carnival Corp. shares over 20 trading days prior to the grant, rounded down.
• On May 11, 2026, 616 shares were disposed of to cover taxes associated with the share grant.
• Also on May 11, 2026, 0.2132 shares were disposed of, likely through a sale, at a price of $25.221 per share.
• Following these transactions, Subotnick beneficially owns 132,421.0607 common shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily details routine insider share transactions related to compensation and tax obligations, rather than significant strategic or financial performance indicators.

Positives

• Director Stuart Subotnick received a significant grant of unrestricted shares valued at $210,000, indicating continued investment and alignment with the company.
• The grant of shares is part of the Carnival Corporation Ltd. 2020 Stock Plan for non-executive directors.

Negatives

• A portion of the granted shares (616) were withheld by the issuer to cover taxes, reducing the net shares received by the reporting person.
• A small number of shares (0.2132) were disposed of, potentially indicating a sale to cover immediate costs or a minor portfolio adjustment.

Future Outlook

No specific future outlook or guidance is provided in this insider transaction filing.

Industry Context

StockSavvy.ai notes that insider share grants and dispositions are common within the cruise line industry as a method of director compensation and incentive alignment. The specific details of the grant calculation and subsequent tax withholding are standard procedures.

Stakeholder Impact

• Shareholders: The filing provides transparency on director compensation and ownership, which is a standard aspect of corporate governance. The net change in Subotnick's beneficial ownership is minimal after tax withholding and minor disposition.

Key Dates

Keywords

Carnival Corp, Stuart Subotnick, SEC Form 4, Insider Trading, Share Grant, Director Compensation, Stock Plan, Beneficial Ownership