Form 4: Kenvue Inc. Director Kirk Perry Acquires Deferred Share Units

Director Kirk Perry of Kenvue Inc. acquired 3,846 deferred share units, representing the right to receive common stock upon termination of directorship or separation from service.

Summary

• Kirk Perry, a director at Kenvue Inc., acquired a total of 3,846 deferred share units on December 2, 2024.
• These units are split into two grants: 3,516 units granted under the Amended and Restated Deferred Fee Plan for Directors, and 330 units representing deferred cash compensation.
• The 3,516 units will be settled in shares of Kenvue common stock upon termination of Perry's directorship.
• The 330 units will be settled in shares of common stock following Perry's separation from service.
• Each deferred share unit represents the right to receive one share of Kenvue common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to slightly positive as it aligns director interests with shareholders.

Positives

• The acquisition of deferred share units aligns the director's interests with the long-term performance of the company.
• The deferred compensation structure may incentivize continued service and commitment from the director.

Industry Context

This is a standard SEC Form 4 filing, which is common for directors and officers of publicly traded companies when they acquire or dispose of company securities. It reflects standard compensation practices for board members.

Comparison to Industry Standards

• Deferred share unit grants are a common form of compensation for directors in publicly traded companies, aligning their interests with shareholders.
• Many companies, such as Johnson & Johnson (prior to the Kenvue spin-off), use similar deferred compensation plans for their board members.
• The number of units granted is within the typical range for director compensation packages, though specific amounts vary based on company size and performance.

Stakeholder Impact

• The acquisition of deferred share units by a director may be viewed positively by shareholders as it aligns the director's interests with the company's long-term success.
• The transaction has no immediate impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Kenvue, Deferred Share Units, Director, Kirk Perry, Compensation, Equity, Form 4, SEC Filing