Form 4: Kenvue Inc. Director Wolk Joseph J Reports Acquisition of Deferred Share Units

Director Wolk Joseph J reports acquiring 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

• On May 23, 2024, Joseph J Wolk, a director of Kenvue Inc., acquired 9,259 Deferred Share Units (DSUs) under the Issuer's Amended and Restated Deferred Fee Plan for Directors.
• These DSUs will be settled in shares of Kenvue's common stock upon the termination of Wolk's directorship, with each DSU representing the right to receive one share of Common Stock on the settlement date.
• The price of the DSUs was $19.44.
• Following the reported transaction, Wolk beneficially owns 17,188.543 derivative securities, which includes DSUs acquired as dividend equivalents.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard transaction related to director compensation. It doesn't inherently indicate positive or negative performance.

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 Wolk's directorship.

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

• Director compensation packages often include deferred share units to align the interests of directors with those of long-term shareholders.
• The vesting and settlement terms of these DSUs are typical for director compensation plans in publicly traded companies.

Stakeholder Impact

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

Key Dates