Form 4: Kenvue Inc. Director Jeffrey C. Smith Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Jeffrey C. Smith reports acquisition of deferred share units and indirect ownership of Kenvue Inc. common stock through Starboard Value LP.
Summary
- On April 1, 2025, Jeffrey C. Smith, a director of Kenvue Inc., reported changes in his beneficial ownership of the company's securities.
- Smith indirectly owns 22,054,000 shares of Kenvue Inc. common stock through Starboard Value LP.
- He also acquired 307 Deferred Share Units (DSUs) on April 1, 2025, which represent the right to receive one share of Kenvue Inc. common stock each.
- These DSUs are a deferral of cash compensation under the Issuer's Amended and Restated Deferred Fee Plan for Directors and will be settled in shares of common stock following Smith's separation from service.
- Following the reported transaction, Smith directly owns 1,997 derivative securities.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing, indicating standard corporate governance practices. It doesn't contain overtly positive or negative information, hence a neutral sentiment score.
Positives
- The acquisition of Deferred Share Units aligns the director's interests with the long-term performance of the company.
- The director's indirect ownership of a significant number of shares demonstrates a substantial stake in the company's success.
Future Outlook
The Deferred Share Units will be settled in shares of common stock following the Reporting Person's separation from service.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Deferred Fee Plan | Deferral of cash compensation under the Issuer's Amended and Restated Deferred Fee Plan for Directors. | 04/01/2025 | Aligns director's interests with long-term company performance. |
Stakeholder Impact
- The filing provides transparency to shareholders regarding the ownership stake of a key director.
- The acquisition of DSUs may have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of earliest transaction (acquisition of Deferred Share Units). |
| 04/02/2025 | Date of signature for the Form 4 filing. |
Keywords
Kenvue Inc., Jeffrey C. Smith, beneficial ownership, Form 4, Starboard Value LP, Deferred Share Units, director, securities, common stock
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