Form 4: Kenvue CFO Paul Ruh Reports Stock Transactions Following RSU Vesting

Kenvue's Chief Financial Officer, Paul Ruh, reported the vesting of restricted stock units and subsequent tax withholding, resulting in changes to his beneficial ownership of company stock.

Summary

• Paul Ruh, the Chief Financial Officer of Kenvue Inc., reported transactions related to his restricted stock units (RSUs).
• On December 1, 2024, 4,094.69 RSUs vested and converted into common stock on a one-for-one basis.
• Following the vesting, 1,898 shares were withheld to cover taxes at a price of $24.08 per share.
• After these transactions, Ruh's direct ownership of Kenvue common stock is 28,995.69 shares.
• The RSUs vest in three equal installments on December 1, 2024, December 1, 2025, and December 1, 2026, contingent on continued service.

Sentiment

Score: 7

Explanation: The document is a routine SEC filing detailing standard stock transactions. It is neutral in sentiment, reflecting normal executive compensation practices.

Future Outlook

The remaining RSUs will vest in two equal installments on December 1, 2025 and December 1, 2026, subject to continued service.

Industry Context

This is a standard SEC Form 4 filing, which is common for company executives who receive stock-based compensation. It reflects routine transactions related to equity awards.

Comparison to Industry Standards

• The vesting of restricted stock units is a common form of executive compensation across various industries.
• Tax withholding upon vesting is a standard practice to cover income tax obligations.
• The three-year vesting schedule is a typical vesting period for RSU awards.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation.
• The vesting of RSUs is a form of compensation for the executive.

Key Dates

Keywords

Kenvue, Paul Ruh, RSU, Restricted Stock Units, Stock Vesting, Beneficial Ownership, SEC Form 4, CFO, Tax Withholding