Long-Term Incentive Compensation in Fiscal 2018 (audited)
Descriptions of the share grants made to Mr. Donald during
fiscal 2018 and their vesting conditions are set out in Part I. The share grants made to Mr. Donald during fiscal 2018 are disclosed in Share Plan Grants Made to Directors in Fiscal 2018 table below, which is audited. No
share grants were made to Mr. Arison in fiscal 2018.
fiscal 2018, long-term incentives were as follows:
Management Incentive Plan-Tied Equity (MTE) grant made in January 2019;
Performance-Based Share (PBS) grant made in February 2018; and
Shareholder Equity Alignment (SEA) grant made in April 2018.
The Compensation Committees approved an MTE target grant value for
Mr. Donald in January 2018. The actual 2018 Management Incentive Plan payout percentage is applied to the MTE target grant value to determine the recommended MTE grant value, which may be from zero to 200% of target. The actual MTE grant value
approved is then converted into a number of RSUs that cliff vest after two years from the date of grant. The MTE grant for Mr. Donald in January 2019 was as follows: