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

Director Melanie Healey reports acquisition of 9,259 Deferred Share Units (DSUs) in Kenvue Inc., to be settled in common stock upon termination of directorship.

Summary

• On May 23, 2024, Melanie Healey, a director of Kenvue Inc. [KVUE], 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 the termination of Healey's directorship, with each DSU representing the right to receive one share of Common Stock on the settlement date.
• The price of the DSUs is $19.44.
• Following the reported transaction, Healey beneficially owns 17,188.544 DSUs, which includes DSUs acquired as dividend equivalents.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of DSUs by a director is generally seen as 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 the termination of Healey's directorship.

Industry Context

Director ownership and compensation structures are common in publicly traded companies. Deferred Share Units are often used to align the interests of directors with those of long-term shareholders.

Comparison to Industry Standards

• Director compensation packages vary widely across industries and company sizes.
• DSUs are a common component of director compensation, particularly in larger companies, to incentivize long-term value creation.
• Comparing Healey's DSU holdings and vesting schedule to those of directors at comparable consumer goods companies (e.g., Procter & Gamble, Unilever) would provide a benchmark for assessing the competitiveness and appropriateness of her compensation.

Stakeholder Impact

• The acquisition of DSUs by a director can have a slightly positive impact on shareholder sentiment.

Key Dates