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

Director Richard E. Allison Jr. reports acquisition of 1,306 Deferred Share Units (DSUs) of Kenvue Inc. on April 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., reported acquiring 1,306 Deferred Share Units (DSUs) on April 1, 2024.
• 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 price of the DSUs is $19.14.
• Following the transaction, Allison beneficially owns 9,156.564 DSUs.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a neutral to slightly positive sentiment as it aligns director interests with company performance.

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 across publicly traded companies.
• The specific terms of Kenvue's plan (Amended and Restated Deferred Fee Plan for Directors) would need to be compared to those of peer companies to assess its competitiveness.
• Companies like Procter & Gamble (PG) and Unilever (UL) also utilize various forms of equity-based compensation for their directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance.

Key Dates