SEC Filings

DEF 14A
CARNIVAL CORP filed this Form DEF 14A on 03/07/2019
Entire Document
 


Table of Contents

ANNEX B

 

 

  2.8

Single Figure Table (audited)

Executive Directors

The compensation of the Executive Directors of Carnival Corporation and Carnival plc for fiscal 2018 is as follows:

 

    Salary     Benefits(1)     Annual
Bonus(2)
    Annual Equity
Grants (3)
    Pension     Total  
$000   2018     2017     2018     2017     2018     2017     2018     2017     2018     2017     2018     2017  

  Arnold W. Donald

    1,500       1,500       290       347       4,689       4,377       6,035       5,487       -       -       12,514       11,711  

  Micky Arison

    1,000       1,000       101       110     -       -       -       -       -       -       1,101       1,110  

 

(1)

Details of the matters for Mr. Donald provided within Benefits are disclosed in (and taken from) the “All Other Compensation” table in the “Executive Compensation” section of the Proxy Statement. Benefits provided to Mr. Arison include ($000): private medical health insurance costs ($58), driver and security ($21), automobile lease ($12) and the following other benefits: accidental death or dismemberment insurance premiums, disability insurance premiums, life insurance premiums, automobile lease and automobile repairs and expenses ($10). Consistent with past practice, benefits reflect the position under U.S. rules as no UK tax is payable.

(2)

Details of the performance measures and targets applicable to the annual bonus for fiscal 2018 are set out in “Implementation of Approved Policy” section above and in Part I of the Carnival plc Directors’ Remuneration Report. No element of the annual bonus is subject to deferral.

(3)

Annual equity grants are comprised of MTE, PBS and SEA grants. The 2018 amount includes the estimated value of the 2016 PBS grant for which the performance period ended on November 30, 2018 and additional shares will be provided to take into account dividend reinvestment during the period. All grant values were calculated using the average share price over the last three months of the fiscal year. Annual equity grants for 2017 have been updated to include the release date values and dividend reinvestment in respect of the 2015 PBS grant.

During fiscal 2018, Mr. Donald served as a Non-Executive Director of companies outside the Carnival Corporation & plc group, for which he earned cash fees totaling $207,019, which he retained.

Non-Executive Directors

The compensation of the Non-Executive Directors of Carnival Corporation and Carnival plc for fiscal 2018 is as follows. The format is different from the preceding table for Executive Directors as certain aspects (such as bonus and pension) do not apply to Non-Executive Directors.

 

           Fees                         Benefits(1)                  Restricted
Stock/
      RSUs(2)      
                 Total         
 $000    2018      2017            2018      2017            2018      2017           2018     2017  

 Sir Jonathon Band

     140        110        5        8        170        182       315       300

 Jason Glen Cahilly

     110        28        6        -        170        -       286       28

 Helen Deeble

     110        110        4        1        170        182       284       293

 Richard J. Glasier

     140        140        8        6        170        182       318       328

 Debra Kelly-Ennis

     110        110        9        11        170        182       289       303

 Katie Lahey(3)

     N/A        N/A          N/A        N/A          N/A        N/A         N/A       N/A  

 Sir John Parker

     110        140        5        1        170        182       285       323

 Stuart Subotnick

     125        138        3        -        170        182       298       320

 Laura Weil

     110        110        -        -        170        182       280       292

 Randall J. Weisenburger

     165        153        -        3        170        182       335       338

 

(1)

Details of the matters provided within Benefits are disclosed in and taken from the “Director Compensation” section of the Proxy Statement. Consistent with past practice, benefits reflect the position under U.S. tax rules.

(2)

Restricted stock grants are structured as restricted stock (with dividends paid as they arise) at the election of the Director. The reported figures are the value of the grants made during the year using the average share price over the last three months of the fiscal year and include dividends actually received in respect of those grants in the year.

(3)

Ms. Lahey was appointed to the Boards in January 2019.

The aggregate emoluments (being salary, bonuses, fees and benefits, and excluding long-term incentives and pensions) of all Directors during fiscal 2018 was approximately $8.7 million.

 

Carnival plc Directors’ Remuneration Report – Part II  

 

    B-11