Form 4: Kenvue Director Receives Deferred Share Units

Kenvue Inc. director Larry J. Merlo was granted 16,036 Deferred Share Units under the company's director compensation plan.

Summary

• Larry J. Merlo, a Director at Kenvue Inc., received a grant of 16,036 Deferred Share Units (DSUs) on May 21, 2026.
• These DSUs are part of the Issuer's Amended and Restated Deferred Fee Plan for Directors.
• Each DSU represents the right to receive one share of Kenvue's common stock upon the termination of Mr. Merlo's directorship.
• The grant also includes DSUs acquired as dividend equivalents.
• Following this transaction, Mr. Merlo beneficially owns 56,975.45 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a standard compensation event for a director rather than a significant financial or strategic development for the company.

Positives

• Director compensation plan is active and being utilized.
• Grant of deferred share units indicates continued commitment and alignment of director interests with shareholders.
• Dividend equivalents are being reinvested, increasing the value of the deferred compensation.

Future Outlook

The DSUs will be settled in shares of Kenvue's common stock upon the termination of the Reporting Person's directorship.

Industry Context

StockSavvy.ai notes that the issuance of Deferred Share Units to directors is a common practice in the pharmaceutical and consumer health sectors, aligning executive and director compensation with long-term company performance and shareholder value.

Management Changes

Stakeholder Impact

• Shareholders: The grant aligns director interests with long-term shareholder value through deferred compensation tied to stock performance.
• Directors: Larry J. Merlo benefits from the deferred compensation plan, with potential future stock ownership.

Next Steps

• Settlement of Deferred Share Units upon termination of directorship.

Key Dates

Keywords

Kenvue Inc., KVUE, Form 4, Director, Deferred Share Units, DSU, Compensation Plan, Beneficial Ownership, Securities Exchange Act