Form 4: Kenvue Inc. Director Michael E. Sneed Reports Acquisition of Deferred Share Units

Director Michael E. Sneed reports acquisition of 9,259 Deferred Share Units (DSUs) of Kenvue Inc. on May 23, 2024, under the company's Amended and Restated Deferred Fee Plan for Directors.

Summary

• Michael E. Sneed, a director of Kenvue Inc., reported the acquisition of 9,259 Deferred Share Units (DSUs) on May 23, 2024.
• The DSUs were granted under Kenvue'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 Sneed's directorship.
• Each DSU represents the right to receive one share of Common Stock on the settlement date.
• The price of the derivative security is $19.44.
• Following the reported transaction, Sneed beneficially owns 17,188.543 derivative securities, including 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 overwhelmingly positive nor negative.

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 the Reporting Person's directorship.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Comparison to Industry Standards

• Director compensation packages often include deferred share units to align the interests of directors with those of shareholders.
• The vesting and settlement terms of DSUs are typical for director compensation plans in publicly traded companies.

Stakeholder Impact

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

Key Dates