Form 4: Kenvue Director Sarah Hofstetter Acquires Over 1,000 Deferred Share Units

Kenvue Inc. Director Sarah Hofstetter acquired 1,061 Deferred Share Units on June 30, 2025, as part of her deferred compensation plan, increasing her total beneficial ownership to 10,734.384 DSUs.

Summary

• Sarah Hofstetter, a Director of Kenvue Inc. (KVUE), acquired 1,061 Deferred Share Units (DSUs).
• The transaction date for the acquisition was June 30, 2025.
• These DSUs represent a deferral of cash compensation under Kenvue's Amended and Restated Deferred Fee Plan for Directors.
• Each DSU represents the right to receive one share of Kenvue common stock.
• The DSUs will be settled in shares of common stock following Ms. Hofstetter's separation from service.
• Following this acquisition, Ms. Hofstetter's total beneficial ownership of DSUs is 10,734.384, which includes DSUs acquired as dividend equivalents.

Sentiment

Score: 7

Explanation: The acquisition of DSUs by a director is a positive signal of alignment with shareholder interests and long-term commitment, though it's a routine compensation event rather than a discretionary purchase.

Positives

• Director Sarah Hofstetter increased her beneficial ownership in Kenvue Inc. through the acquisition of 1,061 Deferred Share Units.
• The acquisition is part of a deferred compensation plan, aligning director incentives with long-term shareholder value.
• The total beneficial ownership of DSUs by Ms. Hofstetter now stands at 10,734.384, indicating a significant stake.

Negatives

• NA

Risks

• NA

Future Outlook

The Deferred Share Units acquired by Director Sarah Hofstetter are structured to be settled in shares of Kenvue common stock following her separation from service, indicating a long-term retention and alignment mechanism.

Management Comments

• NA

Industry Context

This Form 4 filing reflects a standard practice in corporate governance where directors receive equity-based compensation, such as Deferred Share Units, to align their interests with long-term shareholder value. Such compensation structures are common across various industries, including consumer health, where Kenvue operates.

Comparison to Industry Standards

• The use of Deferred Share Units (DSUs) for director compensation is a common practice among publicly traded companies, including peers in the consumer health sector.
• DSUs, which convert to common stock upon separation from service, are a standard mechanism to encourage long-term commitment and discourage short-term decision-making.
• The specific number of DSUs granted would typically be benchmarked against director compensation packages at companies of similar size and market capitalization within the industry.

Legal Proceedings

• NA

Related Party Transactions

• The acquisition of Deferred Share Units by Director Sarah Hofstetter is a transaction with a related party (an insider), conducted under the company's established Amended and Restated Deferred Fee Plan for Directors.

Stakeholder Impact

• Shareholders: The acquisition of DSUs by a director aligns their interests with shareholders, as the value of the DSUs is tied to the company's stock performance. This can be seen as a positive signal of confidence in the company's future.

Next Steps

• The Deferred Share Units will be settled in shares of Kenvue common stock following Sarah Hofstetter's separation from service.

Key Dates

Recommendation

Keywords

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