SEC Filings

CARNIVAL CORP filed this Form DEF 14A on 03/07/2019
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Percentage Change in Pay of Chief Executive Officer Fiscal 2017 to Fiscal 2018 (not audited)

The prescribed pay elements are: salaries, taxable benefits and annual bonus outcomes. UK staff were selected and retained for the purposes of this comparison as it is a requirement of the LMCG Regulations so the Compensation Committees considered it logical to provide comparison for that jurisdiction. The percentages for UK staff have been calculated using a full-time equivalent weighted-average number of UK staff for each year.



Change in Salary



Change in Benefits



Change in Annual Bonus



Change in Total


   Chief Executive Officer

      0       (16.6 )       7.1       4.1


      2.5       24.0       (5.6 )       2.1



Relative Importance of Spend on Pay (not audited)






Profit distributed by way of dividend taken as dividends declared set out in the Consolidated Statements of Shareholders’ Equity in the Carnival Corporation & plc 2018 joint Annual Report on Form 10-K.


Profit distributed by way of share buyback returned to shareholders as purchases of treasury stock, inclusive of stock swap benefits, in the Consolidated Statements of Shareholders’ Equity.


Overall expenditure on pay has been calculated on a broadly consistent approach to the standard UK approach to calculating this amount and includes all global staff using normal accounting conventions for benefits and includes expected value assumptions in respect of share grants and so is not consistent with methodologies used elsewhere in this Part II.


B-10           Carnival plc Directors’ Remuneration Report – Part II