Form 4: Kenvue Inc. Director Godbole Reports Acquisition of Deferred Share Units

Director Seemantini Godbole reports acquisition of deferred share units in Kenvue Inc. under the company's Amended and Restated Deferred Fee Plan for Directors.

Summary

• On May 23, 2024, Seemantini Godbole, a director of Kenvue Inc., acquired 9,259 Deferred Share Units (DSUs) under the Issuer's Amended and Restated Deferred Fee Plan for Directors.
• These DSUs will be settled in shares of Kenvue's common stock upon termination of Godbole's directorship, with each DSU representing the right to receive one share of Common Stock on the settlement date.
• The price of the DSUs was $19.44.
• Following the transaction, Godbole beneficially owns 17,188.542 DSUs, which includes DSUs acquired as dividend equivalents.

Sentiment

Score: 7

Explanation: The acquisition of DSUs by a director is generally a positive sign, indicating confidence in the company's future. However, it's a routine transaction and doesn't necessarily indicate a major shift in the company's prospects.

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 termination of Godbole's directorship.

Industry Context

Acquisition of deferred share units by directors is a common practice to align their interests with those of the shareholders.

Comparison to Industry Standards

• Deferred share units are a common form of executive compensation, particularly among large publicly traded companies like Kenvue.
• Companies such as Procter & Gamble (PG) and Unilever (UL), which operate in similar consumer goods sectors, also utilize equity-based compensation plans for their directors and executives.

Stakeholder Impact

• The acquisition of DSUs aligns the director's interests with those of the shareholders, potentially encouraging decisions that benefit the company's long-term performance.

Key Dates