Form 4: Kenvue Inc. Chief Operations Officer Reports Stock Transactions

Meredith Stevens, Chief Operations Officer of Kenvue Inc., reported the conversion of restricted stock units and the withholding of shares for tax obligations on December 11, 2024.

Summary

• Meredith Stevens, the Chief Operations Officer of Kenvue Inc., filed a Form 4 detailing changes in beneficial ownership of company stock.
• On December 11, 2024, restricted stock units were converted into common stock.
• A total of 424 restricted stock units were converted into 424 shares of common stock.
• 228 shares were converted from one grant and 196 shares were converted from another grant.
• A total of 424 shares were withheld to cover FICA taxes at a price of $24.26 per share.
• The transactions resulted in a net change of zero shares held by the reporting person.
• The reporting person now holds 33,854.96 shares of common stock directly.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by a company officer, with no indication of positive or negative sentiment.

Industry Context

Form 4 filings are a standard part of regulatory compliance for company insiders, providing transparency into their transactions in company stock.

Comparison to Industry Standards

• Form 4 filings are a common practice across all publicly traded companies in the United States.
• The transactions reported are typical for executives who receive stock-based compensation.
• The withholding of shares for tax obligations is a standard procedure.

Stakeholder Impact

• The transactions have a neutral impact on shareholders as they are routine and do not indicate a change in the company's fundamentals.

Key Dates

Keywords

Form 4, Kenvue Inc., Stock Transactions, Restricted Stock Units, Beneficial Ownership, Meredith Stevens, Chief Operations Officer, FICA Taxes