Bank CEOs meet with Trump to discuss Fannie Mae and Freddie Mac - Bloomberg
MIAMI - Carnival Corporation (NYSE:CCL) has disclosed a series of transactions involving its President, Chief Executive Officer, and Chief Climate Officer, Josh Weinstein. According to the initial notification, Weinstein’s Management Incentive Plan-tied restricted stock units (MTE RSUs) and performance-based restricted stock units (PBS RSUs) vested on February 18, 2025, as part of the company’s 2020 Stock Plan. The vesting of these RSUs follows a pro-rata schedule established on February 21, 2023.
The MTE RSUs, each representing a hypothetical interest in one share of Carnival Corporation common stock, had a target value adjusted by the 2022 Management Incentive Plan bonus payout percentage. On the vesting date, 56,097 MTE RSUs vested at a price of $0.00. Concurrently, 22,075 shares were withheld by the company to cover taxes associated with this vesting, valued at $25.93 per share, in an off-market transaction.
Similarly, Weinstein’s PBS RSUs, also tied to the company’s stock, vested on the same terms, with 54,452 units vesting at no cost. To cover tax obligations, 21,427 shares were withheld, each at the same price of $25.93, in an off-market deal.
Additionally, time-based restricted stock units (TBS RSUs) granted to Weinstein on April 21, 2023, vested pro-rata. A total of 53,304 TBS RSUs vested at no cost, and 20,975 shares were withheld to cover taxes, priced at $25.93 per share.
These transactions are part of the executive compensation structure at Carnival Corporation, aligning leadership’s interests with those of the company and its shareholders. The transactions took place off-market and were reported in compliance with regulatory obligations.
This information is based on a press release statement, detailing the transactions as part of Carnival Corporation’s disclosure requirements.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.