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

Director Richard E. Allison Jr. reports acquisition of 1,257 Deferred Share Units (DSUs) of Kenvue Inc. on July 1, 2024, representing deferred compensation to be settled in common stock upon separation from service.

Summary

• Richard E. Allison Jr., a director of Kenvue Inc., filed a Form 4 on July 1, 2024.
• The report indicates the acquisition of 1,257 Deferred Share Units (DSUs).
• These DSUs represent deferred cash compensation under the Issuer's Amended and Restated Deferred Fee Plan for Directors.
• Each DSU represents the right to receive one share of Kenvue Inc. common stock.
• The DSUs will be settled in shares of common stock following the reporting person's separation from service.
• The price of the deferred share units is $19.88.
• The total value of the deferred share units is $19,764.682.
• The director now owns 19,764.682 deferred share units.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing indicating standard compensation practices. It doesn't contain information that would drastically alter investor sentiment, but it does show that the director is invested in the company's future.

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.

Comparison to Industry Standards

• Deferred compensation plans for directors are common among publicly traded companies, such as Kenvue Inc., to align their interests with shareholders.
• The specifics of these plans, including the vesting schedules and settlement terms, can vary significantly between companies.

Stakeholder Impact

• Shareholders are informed about changes in beneficial ownership by a company director.
• The deferred compensation plan may incentivize directors to act in the best interests of the company and its shareholders.

Key Dates