SEC Filings

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


Table of Contents

COMPENSATION

Compensation Tables

 

Outstanding Equity Awards at Fiscal 2018 Year-End

Our Named Executive Officers do not hold options for either Carnival Corporation or Carnival plc shares. Information with respect to outstanding Carnival Corporation restricted shares and RSUs granted by Carnival Corporation & plc to and held by our Named Executive Officers as of November 30, 2018, except for Mr. Thamm whose RSUs are related to Carnival plc ordinary shares, is as follows:

 

     Stock Awards
  Name    No. of
Shares or
Units of Stock
That Have Not
Vested
(#)
  

Market Value

of Shares or

Units of Stock

That Have

Not Vested(1)

($)

  

Equity Incentive

Plan Awards:

No. of Unearned

Shares, Units or

Other Rights

That Have

Not Vested

(#)

 

 

Equity Incentive

Plan Awards:

Market or

Payout Value

of Unearned

      Shares, Units or      

Other Rights

That Have

Not Vested

($)

 

  Arnold W. Donald

       38,932 (2)         2,347,210        47,407       4,093,182 (3) 
       30,161 (4)         1,818,407        51,020       3,075,996 (5) 
       31,939 (6)         1,925,602        35,000       2,110,150 (7) 
                 43,623       2,630,031 (8) 
                 35,000       2,110,150 (9) 
    

 

 

           

 

 

     

 

  TOTAL

    

 

 

 

101,032

 

         

 

 

 

212,050

 

   

 

  David Bernstein

       7,416 (2)         447,111        15,963       1,378,266 (3) 
       5,745 (4)         346,366        14,455       871,492 (5) 
       4,259 (6)         256,775        10,000       602,900 (7) 
                 12,360       745,184 (8) 
                 10,000       602,900 (9) 
    

 

 

           

 

 

     

 

  TOTAL

    

 

 

 

17,420

 

         

 

 

 

62,778

 

   

 

  Stein Kruse

       18,539 (2)         1,117,716        20,801       1,795,986 (3) 
       7,082 (4)         426,974        20,408       1,230,398 (5) 
       6,378 (6)         384,530        12,000       723,480 (7) 
                 17,449       1,052,000 (8) 
                 12,000       723,480 (9) 
    

 

 

           

 

 

     

 

  TOTAL

    

 

 

 

31,999

 

         

 

 

 

82,658

 

   

 

  Arnaldo Perez

       8,898 (2)         536,460        9,287       801,852 (3) 
       6,893 (4)         415,579        8,503       512,646 (5) 
       5,323 (6)         320,924        2,500       150,725 (7) 
                 7,270       438,308 (8) 
                 2,500       150,725 (9) 
    

 

 

           

 

 

     

 

  TOTAL

    

 

 

 

21,114

 

         

 

 

 

30,060

 

   

 

  Michael Thamm

       12,705 (2)         740,447        14,223       1,519,477 (3) 
       7,169 (4)         417,809        20,734       1,208,378 (5) 
       6,042 (6)         352,128        12,000       723,480 (7) 
                 20,474       1,193,225 (8) 
                 12,000       723,480 (9) 
    

 

 

           

 

 

     

 

  TOTAL

    

 

 

 

25,916

 

         

 

 

 

79,431

 

   
(1)

Market value of the stock awards is based on the closing price of Carnival Corporation common stock on November 30, 2018 of $60.29, except for the Carnival plc RSUs granted to Mr. Thamm under the Carnival plc 2014 Employee Share Plan, which are based on closing price of Carnival plc ordinary shares on November 30, 2018 of £45.53, which has been converted into $58.28 based on the November 30, 2018 exchange rate of $1.28:£1.

(2)

Restrictions lapsed on January 11, 2019.

(3)

Market value reflects the final performance payout of 143.21% of target on the April 2016 PBS grant for which the performance period ended on November 30, 2018. These grants vested based upon the extent to which annual Operating Income, as adjusted for fuel price changes and currency exchange rate impacts for each of the three fiscal years in the 2016-2018 performance cycle and ROIC for the three-year performance cycle. The TSR modifier had no impact. Additional shares were provided to take into account dividend reinvestment during the performance period.

(4)

Restrictions lapse on January 17, 2020.

(5)

Market value is based on target performance assuming 100% payout on the April 2017 PBS grant as at November 30, 2018. These grants vest zero to 200% of target based upon the extent to which annual Operating Income, as adjusted for fuel

 

60            LOGO Carnival Corporation & plc 2019 Proxy Statement