Form 4: Kenvue Inc. Director Acquires Deferred Share Units

Director Richard E. Allison Jr. acquired 9,259 deferred share units of Kenvue Inc. on May 23, 2024, under the company's Amended and Restated Deferred Fee Plan for Directors.

Summary

• On May 23, 2024, Richard E. Allison Jr., a director of Kenvue Inc., acquired 9,259 Deferred Share Units (DSUs).
• These DSUs were granted under the Issuer's Amended and Restated Deferred Fee Plan for Directors.
• Each DSU represents the right to receive one share of Kenvue Inc.'s common stock upon termination of the Reporting Person's directorship.
• The price of the derivative security is $19.44.
• Following the transaction, Mr. Allison beneficially owns 18,507.682 derivative securities, which includes DSUs acquired as dividend equivalents.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating stability and alignment of interests. It is neither overly positive nor negative.

Positives

• The acquisition of DSUs by a director signals confidence in the company's future.

Future Outlook

The DSUs will be settled in shares of Kenvue Inc.'s common stock upon the termination of Mr. Allison's directorship.

Industry Context

Director compensation in the form of deferred share units is a common practice in publicly traded companies to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Deferred share unit grants are a typical component of director compensation packages in companies of similar size and industry to Kenvue Inc.
• Companies like Procter & Gamble and Unilever also utilize similar equity-based compensation plans for their board members.

Stakeholder Impact

• The acquisition of DSUs by a director can positively influence shareholder confidence.

Key Dates