Form 4: Kenvue Inc. Director Richard E. Allison Jr. Reports Acquisition of Deferred Share Units

Director Richard E. Allison Jr. reports acquisition of 1,151 Deferred Share Units (DSUs) of Kenvue Inc. on September 30, 2024, representing deferred compensation to be settled in common stock upon separation from service.

Summary

• Richard E. Allison Jr., a director of Kenvue Inc. [KVUE], filed a Form 4 on September 30, 2024.
• The report details the acquisition of 1,151 Deferred Share Units (DSUs).
• These DSUs represent deferred cash compensation under Kenvue's Amended and Restated Deferred Fee Plan for Directors.
• Each DSU represents the right to receive one share of Kenvue common stock.
• The DSUs will be settled in shares of common stock following Allison's separation from service.
• The transaction occurred on September 30, 2024, with a price of $21.72 per share, totaling $21,102.227.
• Following the reported transaction, Allison beneficially owns 21,102.227 shares, including DSUs acquired as dividend equivalents.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects a standard transaction related to director compensation. It doesn't indicate any significant positive or negative implications for the company.

Positives

• The acquisition of DSUs aligns the director's interests with the long-term performance of the company.
• The deferred compensation plan may help retain directors.

Future Outlook

The DSUs will be settled in shares of common stock following the reporting person's separation from service.

Industry Context

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

Stakeholder Impact

• Shareholders are informed about changes in beneficial ownership by a company director.
• The deferred compensation plan impacts the director's financial stake in the company's performance.

Key Dates