Form 4: Carnival Chairman Gifts 739K Shares to Child's Trust

Micky Meir, Chairman of Carnival PLC, transferred 739,492 Trust Shares as a gift to a trust for the benefit of one of his children.

Summary

• Micky Meir, Chairman of the Board and a 10% owner of Carnival PLC, reported a gift transaction of Trust Shares.
• On August 21, 2025, 739,492 Trust Shares were reported as acquired indirectly (Transaction Code G for Gift).
• This transaction involved a transfer for no consideration from Nickel KA 2022 Trust #1, a trust for Mr. Arison's benefit, to 2022 KA Remainder Trust, a trust for the benefit of one of Mr. Arison's children.
• Mr. Arison explicitly disclaims beneficial ownership of the Trust Shares held by the 2022 KA Remainder Trust.
• Following this transaction, Mr. Arison's reported indirect beneficial ownership in various trusts totals 4,587,110 Trust Shares, which includes the shares in the 2022 KA Remainder Trust for which he disclaims ownership.
• He also holds 347,056 Trust Shares directly and 80,736,445 Trust Shares indirectly through MA 1994 B Shares, L.P.

Sentiment

Score: 5

Explanation: The transaction is a personal estate planning gift by an insider, which is neutral for the company's operational performance or financial health. It represents a disposition of beneficial ownership for the insider but is not indicative of company-specific positive or negative news.

Negatives

• Micky Meir's reportable beneficial ownership effectively decreased by 739,492 Trust Shares due to the gift transfer and subsequent disclaimer of ownership of the recipient trust.

Future Outlook

NA

Industry Context

NA

Related Party Transactions

• The transfer of 739,492 Trust Shares was a gift from a trust for Mr. Arison's benefit to a trust for the benefit of one of his children, which constitutes a related party transaction.

Stakeholder Impact

• Shareholders: The transaction is a personal estate planning matter for a key insider and is unlikely to have a direct material impact on the company's operations or share price. It represents a slight reduction in the reporting person's reportable beneficial ownership, but the shares remain within family-related trusts.

Key Dates

Recommendation

The filing details a routine insider gift transaction for estate planning purposes, which does not reflect on the operational or financial performance of Carnival PLC. It does not provide new information that would warrant a change in investment thesis, thus a 'hold' recommendation is appropriate.

Keywords

Carnival PLC, CUK, Micky Meir, Insider Transaction, Form 4, Gift, Trust Shares, Beneficial Ownership, Chairman, Director, 10% Owner