Form 4: Kenvue Director Kirk Perry Acquires Deferred Share Units as Compensation

Kenvue Inc. Director Kirk Perry reported the acquisition of 1,061 Deferred Share Units (DSUs) as part of his compensation, increasing his total beneficial ownership to 13,719.095 DSUs.

Summary

• Kirk Perry, a Director of Kenvue Inc. (KVUE), acquired 1,061 Deferred Share Units (DSUs).
• The transaction date for this acquisition was June 30, 2025.
• Following this transaction, Kirk Perry beneficially owns a total of 13,719.095 DSUs.
• Each DSU represents the right to receive one share of Kenvue common stock.
• These DSUs are a deferral of cash compensation under the Issuer's Amended and Restated Deferred Fee Plan for Directors.
• The DSUs will be settled in shares of common stock following Kirk Perry's separation from service.
• The total DSUs beneficially owned include those acquired as dividend equivalents.

Sentiment

Score: 7

Explanation: The filing reports a routine acquisition of compensation-related securities by a director, which is generally a neutral to slightly positive event as it aligns director interests with shareholders. No negative or unexpected information is present.

Positives

• Acquisition of Deferred Share Units by a director aligns their interests with shareholders, as the value of DSUs is tied to the company's stock performance.
• The transaction is part of a pre-existing compensation plan (Amended and Restated Deferred Fee Plan for Directors), indicating a structured approach to executive compensation.

Negatives

• No specific negative points are identified in this filing, as it primarily reports a routine compensation-related transaction.

Risks

• The value of the Deferred Share Units is subject to the future performance of Kenvue Inc.'s common stock.
• Settlement of DSUs occurs upon separation from service, meaning the timing of share receipt is not immediate and depends on the director's tenure.

Future Outlook

The Deferred Share Units will be settled in shares of common stock following the reporting person's separation from service, indicating a future conversion event tied to the director's tenure.

Industry Context

This filing is a routine insider transaction report, common across all publicly traded companies, reflecting a director's compensation structure. It does not provide broader industry trends or competitive insights.

Corporate Governance

Stakeholder Impact

• Shareholders: The acquisition of DSUs by a director aligns their interests with the long-term performance of the company's stock, potentially benefiting shareholders through improved governance and strategic decisions.
• Director (Kirk Perry): Receives equity-based compensation that vests upon separation from service, providing a long-term incentive.

Next Steps

• Settlement of Deferred Share Units into common stock shares following the reporting person's separation from service.

Key Dates

Keywords

Kenvue Inc., KVUE, Kirk Perry, Director, SEC Form 4, Deferred Share Units, DSU, Insider Transaction, Beneficial Ownership, Compensation Plan