Donald's salary stayed steady at $1.5m, and the value of his stock awards was consistent at more than $7m. His non-equity compensation of just under $2.3m was down from $4.7m in 2018. In other compensation of $288,400, the biggest single item was for personal use of the company's aircraft.
Michael Thamm, CEO of the Costa Group and Carnival Asia, was the second best compensated executive, with $5.2m, as in 2018. Paid in euros, Thamm's salary in dollars was 963,480. The value of his stock awards went up to nearly $3.3m from $2.4m, and non-equity incentive compensation was $475,000, down from more than $1.7m. Other compensation was $477,000.
For Stein Kruse, group CEO, Holland America Group and Carnival UK, total compensation was $4.1m, down from $5.5m. His salary held at $925,000, while stock awards were worth $2.6m, compared to $2.7m in 2018. Non-equity incentive compensation was $565,200, down from $1.8m, and Kruse received $84,000 in other compensation.
CFO and chief accounting officer David Bernstein's total package was nearly $3.8m, down from $4.5m. Stock awards were valued at just under $2m. His salary was $750,000. Non-equity incentive compensation $750,000, down from nearly $1.6m. Other compensation was $292,500.
Total compensation for Arnaldo Perez, general counsel and secretary, was $2m, down from $2.4m, including a $450,00 salary, stock awards valued at $1m, non-equity incentive compensation of $337,500 and other compensation of $266,000..
Annual meeting and directors election
The executive compensation is in a proxy ahead of Carnival Corp. & plc's joint annual shareholders meetings, set for April 6 in Miami Beach.
Besides being asked to approve executive pay in an advisory vote, shareholders will consider the re-election of directors Donald, Micky Arison, Jason Glen Cahilly, Helen Deeble, Sir Jonathon Band, Dick Glasier, Katie Lahey, Sir John Parker, Stuart Subotnick, Laura Weil and Randall Weisenburger.