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

Director Richard E. Allison Jr. reports acquisition of 1,076 Deferred Share Units (DSUs) of Kenvue Inc. on April 1, 2025, 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 April 1, 2025, reporting a transaction.
• The transaction involved the acquisition of 1,076 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.
• Allison directly owns 23,590.536 DSUs, including those acquired as dividend equivalents.

Sentiment

Score: 7

Explanation: The document reflects a standard transaction related to director compensation, indicating a neutral to slightly positive sentiment as it aligns director interests with the company's long-term performance.

Positives

• The acquisition of DSUs reflects a commitment to compensating directors through equity-based incentives.
• The deferred nature of the compensation aligns director interests with the long-term performance of the company.

Future Outlook

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

Industry Context

Directors commonly receive equity-based compensation, such as DSUs, to align their interests with those of shareholders and incentivize long-term value creation. This is a standard practice in publicly traded companies.

Comparison to Industry Standards

• Deferred compensation plans for directors are a common practice among publicly traded companies.
• Companies like Johnson & Johnson (prior to Kenvue's spin-off), Procter & Gamble, and Unilever also utilize equity-based compensation for their board members.
• The specific terms and amounts of these plans vary based on company size, performance, and industry norms.

Stakeholder Impact

• Shareholders may view the equity-based compensation positively as it aligns director interests with long-term company performance.
• The compensation structure does not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

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