Form 4: Carnival PLC Director Joshua Weinstein Reports Changes in Beneficial Ownership
SEC Form 4
Joshua Weinstein, a Director and President & CEO of Carnival PLC, reports the disposal of trust shares to cover taxes associated with vesting restricted stock units.
Summary
- On February 18, 2025, Joshua Weinstein, a Director and President & CEO of Carnival PLC, reported changes in beneficial ownership.
- The transactions involved the disposal of trust shares to cover taxes associated with the vesting of restricted stock units.
- Specifically, 22,075 shares were disposed of at a price of $25.93, 21,427 shares were disposed of at a price of $25.93, and 20,975 shares were disposed of at a price of $25.93.
- These shares were withheld by the issuer to cover taxes associated with the vesting of Management Incentive Plan-tied restricted stock units granted February 21, 2023, performance-based restricted stock units granted February 21, 2023, and time-based restricted stock units granted April 21, 2023.
- Following these transactions, Weinstein beneficially owns 476,017.228 trust shares.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions for tax purposes, and does not indicate any positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It reflects the standard practice of withholding shares to cover tax obligations upon the vesting of restricted stock units.
Comparison to Industry Standards
- Executive compensation practices, including the use of restricted stock units and tax withholding, are standard across publicly traded companies like Carnival PLC.
- Comparable companies such as Royal Caribbean Cruises and Norwegian Cruise Line Holdings also utilize similar equity-based compensation plans for their executives.
- The level of stock ownership and transactions reported are typical for executives in similar roles within the cruise line industry.
Key Dates
| Date | Description |
|---|---|
| April 17, 2003 | Completion of the dual listed company transaction between Carnival plc and Carnival Corporation. |
| February 21, 2023 | Date of grant for Management Incentive Plan-tied restricted stock units and performance-based restricted stock units. |
| April 21, 2023 | Date of grant for time-based restricted stock units. |
| February 18, 2025 | Date of transactions reported in the Form 4 filing. |
| February 19, 2025 | Date of signature on the Form 4 filing. |
Keywords
Carnival PLC, Joshua Weinstein, Beneficial Ownership, Form 4, Trust Shares, Restricted Stock Units, Director, Officer, CUK
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