Form 4: Kenvue Inc. Director Vasant M. Prabhu Reports Acquisition of Deferred Share Units

Director Vasant M. Prabhu reports the acquisition of 9,259 Deferred Share Units (DSUs) of Kenvue Inc. on May 23, 2024, under the company's Amended and Restated Deferred Fee Plan for Directors.

Summary

• Vasant M. Prabhu, a director of Kenvue Inc., filed a Form 4 with the SEC on May 28, 2024.
• The report details the acquisition of 9,259 Deferred Share Units (DSUs) on May 23, 2024.
• These DSUs were granted under Kenvue's Amended and Restated Deferred Fee Plan for Directors.
• Each DSU represents the right to receive one share of Kenvue's common stock upon termination of Prabhu's directorship.
• The price of the DSUs is $19.44.
• Following the reported transaction, Prabhu beneficially owns 17,188.542 DSUs, including those acquired as dividend equivalents.
• The DSUs are directly owned.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard compensation practices and insider confidence, but doesn't indicate significant positive or negative news.

Positives

• The acquisition of DSUs by a director signals confidence in the company's future performance.

Future Outlook

The DSUs will be settled in shares of Kenvue's common stock upon the termination of the Reporting Person's directorship.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's securities, providing transparency to the market.

Stakeholder Impact

• The acquisition of DSUs by a director can be viewed positively by shareholders as it aligns the director's interests with the company's long-term success.

Key Dates