By Will Feuer
Carnival Corp said its board has approved a total target compensation package for fiscal 2023 of $8.75 million for the cruise company’s new chief executive, Josh Weinstein, who took the reins on Aug. 1.
The salary consists of a base salary of $1.25 million, a target bonus of $2.5 million and targets of restricted stock units worth up to $5 million.
The board also awarded Mr. Weinstein a one-time award of 500,000 performance-based RSUs under the company’s Stock Plan 2020. The actual number of RSUs vestable in February 2028 ranges from zero to twice the target amount of RSUs, Carnival said.
Mr. Weinstein will not receive compensation for his role as Carnival director.
Email Will Feuer at [email protected]
