SEC Filings

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


Table of Contents

GOVERNANCE

Director Compensation

 

Director Compensation for Fiscal 2018

The following table details the total compensation earned by our Directors in fiscal 2018, other than Mr. Donald who is a Named Executive Officer. Mr. Donald’s compensation is reflected in the “Summary Compensation Table,” which follows the “Compensation Discussion and Analysis” section. Board members who are employed by us do not receive additional compensation for their services as a member of the Boards of Directors.

 

  Name   

Fees Earned or

Paid in Cash(1)

($)

    

Stock

Awards(2)(3)

($)

    

All Other

Compensation(4)

($)

    

  Total  

($)

 

 

  Micky Arison(5)

 

    

 

1,000,000

 

 

 

    

 

 

 

 

    

 

100,943

 

 

 

    

 

1,100,943  

 

 

 

 

  Sir Jonathon Band

 

    

 

140,000

 

(6)  

 

 
    

 

174,946

 

 

 

    

 

5,310

 

 

 

    

 

320,256  

 

 

 

 

  Jason Glen Cahilly

 

    

 

110,000

 

 

 

    

 

174,946

 

 

 

    

 

6,024

 

 

 

    

 

290,970  

 

 

 

 

  Helen Deeble

 

    

 

110,000

 

 

 

    

 

174,946

 

 

    

 

3,832

 

 

 

    

 

288,788  

 

 

 

 

  Richard J. Glasier

 

    

 

140,000

 

 

 

    

 

174,946

 

 

 

    

 

8,232

 

 

 

    

 

323,178  

 

 

 

 

  Debra Kelly-Ennis

 

    

 

110,000

 

 

 

    

 

174,946

 

 

 

    

 

8,732

 

 

 

    

 

293,678  

 

 

 

 

  Katie Lahey(7)

 

    

 

 

 

 

    

 

 

 

 

    

 

 

 

 

    

 

—  

 

 

 

 

  Sir John Parker

 

    

 

110,000

 

 

 

    

 

174,946

 

 

 

    

 

5,445

 

 

 

    

 

290,391  

 

 

 

 

  Stuart Subotnick

 

    

 

125,000

 

 

 

    

 

174,946

 

 

 

    

 

3,520

 

 

 

    

 

303,466  

 

 

 

 

  Laura Weil

 

    

 

110,000

 

 

 

    

 

174,946

 

 

 

    

 

 

 

 

    

 

284,946  

 

 

 

 

  Randall J. Weisenburger

 

    

 

165,000

 

 

 

    

 

174,946

 

 

 

    

 

 

 

 

    

 

339,946  

 

 

 

 

(1)

Refer to the table above describing the Chair of the Board Committees.

(2)

No stock option grants were made in fiscal 2018. Represents the grant date fair value, assuming no risk of forfeiture of the grants of Carnival Corporation restricted shares made in fiscal 2018, calculated in accordance with Accounting Standards Codification Topic 718, “Stock Compensation” (“ASC 718”). In April 2018, each of the Non-Executive Directors received a grant of 2,749 restricted shares based on the closing price of a share on April 11, 2018, the day they were elected or re-elected, of $63.64. The restricted shares granted in 2018 vest on the third anniversary of the grant date. The restricted shares granted to Non- Executive Directors also vest in full upon the death or disability of the Director, and continue to vest in accordance with the original vesting schedule and are not forfeited if a Director ceases to be a Director for any other reason after having served as a Director for at least one year. All of the Directors who received grants served for all of fiscal 2018.

(3)

None of the directors holds stock options. The aggregate number of Carnival Corporation and Carnival plc restricted shares outstanding at November 30, 2018 are as follows:

 

  Name   

  Unvested Restricted  

Shares

  Micky Arison

       0

  Sir Jonathon Band

       8,560

  Jason Glen Cahilly

       2,749

  Helen Deeble

       5,458

  Richard J. Glasier

       8,560

  Debra Kelly-Ennis

       8,560

  Katie Lahey

       N/A

  Sir John Parker

       8,560

  Stuart Subotnick

       8,560

  Laura Weil

       8,560

  Randall J. Weisenburger

       8,560

 

(4)

Benefits provided to Mr. Arison include private medical health insurance costs ($57,937), driver and security ($21,024), automobile lease ($12,314),and the following other benefits: accidental death or dismemberment insurance premiums, disability insurance premiums, life insurance premiums and automobile repairs and expenses($9,668). For the Non-Executive Directors, benefits represent reimbursement of expenses associated with spousal or partner travel and tax gross-ups for the spousal or partner travel.

(5)

Represents compensation for Mr. Arison’s service as Executive Chairman.

(6)

Exclusive of value-added tax.

(7)

Ms. Lahey was appointed to the Boards in January 2019 and thus did not receive any compensation during fiscal 2018.

 

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