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

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

Summary

• Peter Fasolo, a director of Kenvue Inc., reported acquiring 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 Fasolo'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 transaction, Fasolo beneficially owns 17,188.542 derivative securities, which includes DSUs acquired as dividend equivalents.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard director compensation practices, aligning director interests with shareholders.

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 Fasolo's directorship.

Industry Context

Directors receiving stock-based compensation is a common practice to align their interests with those of shareholders.

Stakeholder Impact

• The acquisition of DSUs by a director can positively influence shareholder sentiment by aligning management's interests with those of the shareholders.

Key Dates