Form 4: Kenvue Inc. Director Richard E. Allison Jr. Acquires Deferred Share Units

Director Richard E. Allison Jr. of Kenvue Inc. acquired 1,036 deferred share units representing the right to receive common stock.

Summary

• Richard E. Allison Jr., a director at Kenvue Inc., acquired 1,036 deferred share units on December 2, 2024.
• These deferred share units represent the right to receive one share of Kenvue common stock each.
• The units were acquired as part of a deferral of cash compensation under the company's Amended and Restated Deferred Fee Plan for Directors.
• The deferred share units will be settled in shares of common stock after Mr. Allison's separation from service.
• The reported transaction also includes deferred share units acquired as dividend equivalents.
• Following the transaction, Mr. Allison directly owns 22,317.504 deferred share units.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns director interests with shareholders. There is no indication of any negative sentiment.

Positives

• The acquisition of deferred share units by a director demonstrates alignment of interests with shareholders.
• The deferred compensation plan incentivizes long-term commitment from directors.

Industry Context

This is a standard transaction for directors of publicly traded companies, often used as part of their compensation packages to align their interests with the long-term performance of the company.

Comparison to Industry Standards

• Deferred share unit grants are a common practice for compensating 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 typical for director compensation, though the specific amount varies based on company size and board compensation policies.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the long-term performance of the company.

Key Dates

Keywords

Kenvue, Deferred Share Units, Director, Form 4, Compensation, Equity, Richard E. Allison Jr.