Form 4: Kenvue Inc. Director Acquires Deferred Share Units
SEC Form 4 Filing
Director Kathleen M Pawlus acquired 6,424 Deferred Share Units (DSUs) of Kenvue Inc. on September 17, 2024, under the company's Amended and Restated Deferred Fee Plan for Directors.
Summary
- Kathleen M Pawlus, a director of Kenvue Inc., acquired 6,424 Deferred Share Units (DSUs) on September 17, 2024.
- The DSUs were granted under Kenvue's Amended and Restated Deferred Fee Plan for Directors.
- Each DSU represents the right to receive one share of Kenvue's common stock upon termination of Pawlus's directorship.
- The price of the derivative security is $21.57.
- Following the transaction, Pawlus directly owns 6,424 DSUs.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects a standard transaction of deferred share units to a director, which is part of their compensation package. It doesn't inherently indicate positive or negative sentiment.
Positives
- The acquisition of DSUs by a director signals confidence in the company's future performance.
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
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Deferred Fee Plan | Grant of Deferred Share Units ('DSUs') acquired under the Issuer's Amended and Restated Deferred Fee Plan for Directors are to be settled in shares of the Issuer's common stock upon termination of the Reporting Person's directorship (with each DSU representing the right to receive one share of Common Stock on the settlement date). | 09/17/2024 | The plan allows directors to defer fees and receive them in the form of company stock, aligning their interests with those of shareholders. |
Stakeholder Impact
- The acquisition of DSUs by a director can be viewed positively by shareholders as it aligns the director's interests with the long-term success of the company.
Key Dates
| Date | Description |
|---|---|
| 09/17/2024 | Date of transaction: Kathleen M Pawlus acquired Deferred Share Units. |
| 09/19/2024 | Date of signature on the Form 4 filing. |
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