SCHEDULE: Carnival PLC: Arison Family Trust Restructures Holdings
Beneficial Ownership Amendment
An amendment to Schedule 13D details the restructuring of beneficial ownership of Carnival PLC trust shares among Micky Arison's family trusts following a distribution.
Summary
- Amendment No. 28 to Schedule 13D was filed by MA 1994 B Shares, L.P., MA 1994 B Shares, Inc., Micky Arison, Richard L. Kohan, KLR, LLC, and Nickel 2015-94 B Trust (collectively, the "Reporting Persons").
- On November 25, 2025, Nickel 2025-05 Trust No. 2, a trust for the benefit of Micky Arison and his family, received 8,472,297 Trust Shares.
- This distribution occurred from Artsfare 2023-05 Trust No. 2, in connection with the passing of Marilyn B. Arison.
- The total number of shares outstanding for Carnival PLC is assumed to be 1,167,541,049 as of September 22, 2025, based on Carnival Corporation's Form 10-Q.
- Micky Arison's aggregate beneficial ownership is 94,142,908 Shares, representing approximately 8.06% of the total shares outstanding.
- The Reporting Persons, as a group, beneficially own an aggregate of 94,144,908 Shares, representing approximately 8.06% of the total shares outstanding.
Sentiment
Score: 5
Explanation: The filing is neutral, primarily an administrative update on beneficial ownership changes within family trusts, with no direct positive or negative implications for the company's operational or financial performance.
Future Outlook
NA
Industry Context
This filing is an internal update on beneficial ownership within the Arison family trusts and does not directly relate to broader industry trends or competitive landscape changes in the cruise sector.
Related Party Transactions
- Nickel 2025-05 Trust No. 2, a trust for the benefit of Micky Arison and his family, received 8,472,297 Shares in a distribution from Artsfare 2023-05 Trust No. 2 in connection with the passing of Marilyn B. Arison. This represents an internal restructuring of beneficial ownership among related family trusts.
Stakeholder Impact
- Shareholders: The filing details a redistribution of beneficial ownership among family trusts, which does not alter the overall control structure or voting power of the company, thus having minimal direct impact on other shareholders.
- Employees, Customers, Suppliers, Creditors: No direct impact on these stakeholders as the filing pertains solely to beneficial ownership changes within a family trust structure and not to operational, financial, or strategic changes of the company.
Key Dates
| Date | Description |
|---|---|
| 09/22/2025 | Date Carnival Corporation reported 1,167,541,049 shares outstanding in its Form 10-Q. |
| 11/25/2025 | Date of event requiring the filing, when Nickel 2025-05 Trust No. 2 received 8,472,297 Shares. |
| 11/26/2025 | Date the Joint Filing Agreement was executed and the Schedule 13D/A was signed. |
Keywords
Carnival PLC, Schedule 13D, Beneficial Ownership, Trust Shares, Micky Arison, Corporate Governance, SEC Filing, Shareholder Structure
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