Form 4: Kenvue CPO Alvarado Reports RSU Conversion, Tax Withholding

Kenvue's Chief People Officer, Luani Alvarado, reported the conversion of Restricted Stock Units into common stock and subsequent tax-related share dispositions.

Summary

• Luani Alvarado, Kenvue Inc.'s Chief People Officer, reported transactions on November 18, 2025, involving the conversion of Restricted Stock Units (RSUs) into common stock and subsequent dispositions to cover taxes.
• A total of 309 Restricted Stock Units converted into 309 shares of Kenvue common stock.
• Concurrently, 309 shares of common stock were disposed of at a price of $14.37 per share to satisfy FICA tax obligations, resulting in 31,359.36 shares beneficially owned.
• An additional 123 Restricted Stock Units converted into 123 shares of common stock on the same date.
• Another 123 shares of common stock were disposed of at $14.37 per share to cover FICA taxes, maintaining the beneficial ownership at 31,359.36 shares.
• Following these transactions, the reporting person beneficially owns 8,384.47 Restricted Stock Units from one award and 12,622.07 Restricted Stock Units from another award, subject to future vesting schedules.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of insider transactions related to equity compensation and tax withholding, which is neutral in sentiment as it reflects standard corporate practice.

Positives

• The conversion of Restricted Stock Units into common stock indicates the vesting of previously granted equity awards, which is a standard component of executive compensation and a positive for executive retention.

Negatives

• Shares were disposed of to cover FICA taxes, which, while a routine event for vested equity, represents a reduction in direct share ownership by the insider.

Future Outlook

The filing details future vesting schedules for the reporting person's remaining Restricted Stock Units, with installments scheduled through March 2028, contingent on continued service.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, common across all publicly traded companies. It reflects the standard practice of executive compensation through equity awards and subsequent tax-related share dispositions upon vesting. It does not provide insights into broader industry trends for consumer health or personal care products, which is Kenvue's primary market.

Related Party Transactions

• The transactions involve the conversion of Restricted Stock Units, which are equity awards granted by Kenvue Inc. to its Chief People Officer, Luani Alvarado, and subsequent tax-related share dispositions. These are considered related party transactions as they involve an executive and the company.

Stakeholder Impact

• Shareholders: The transactions are routine and do not significantly alter the company's capital structure or the overall market perception. The disposition of shares for tax purposes is a common occurrence and not indicative of a lack of confidence.
• Employees: The vesting of equity awards is a standard part of executive compensation, which can be seen as a positive for executive retention and motivation.

Next Steps

• Further installments of Restricted Stock Units from one award are scheduled to vest on March 5, 2026, and March 5, 2027.
• Additional installments of Restricted Stock Units from another award are scheduled to vest on March 10, 2027, and March 10, 2028.

Key Dates

Keywords

Kenvue, KVUE, Luani Alvarado, Chief People Officer, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Conversion, Equity Compensation, Tax Withholding, Common Stock