Form 4: Kenvue Inc. Executive Bernardo Tavares Reports Acquisition of Stock Options and Restricted Stock Units
SEC Form 4 Filing
Chief Tech & Data Officer of Kenvue Inc., Bernardo Tavares, reports the acquisition of stock options and restricted stock units on March 5, 2024.
Summary
- On March 5, 2024, Bernardo Tavares, Chief Tech & Data Officer of Kenvue Inc., acquired 40,594 stock options with an exercise price of $19.01.
- Tavares also acquired 4,512 restricted stock units, which correspond 1 for 1 with Kenvue's common stock.
- These restricted stock units vest in three equal installments on March 5, 2025, March 5, 2026, and March 5, 2027, contingent upon continued service.
- Following these transactions, Tavares directly owns 40,594 stock options and 4,512 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral. It reflects standard executive compensation practices.
Positives
- The acquisition of stock options and restricted stock units by a key executive may indicate confidence in the company's future performance.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and potential alignment of interests.
Comparison to Industry Standards
- Executive compensation packages, including stock options and restricted stock units, are common across publicly traded companies to incentivize performance and align executive interests with shareholder value.
- The vesting schedule of the restricted stock units (three equal installments over three years) is a typical vesting structure.
- The specific number of options and units granted would need to be compared to similar companies in the consumer health industry to assess if the compensation is in line with industry standards.
Stakeholder Impact
- Shareholders can use this information to understand executive compensation and alignment with company performance.
- Employees may view this as part of the company's overall compensation strategy.
Key Dates
| Date | Description |
|---|---|
| 03/05/2024 | Date of transaction: acquisition of stock options and restricted stock units. |
| 03/05/2025 | First vesting date for restricted stock units. |
| 03/05/2026 | Second vesting date for restricted stock units. |
| 03/05/2027 | Third vesting date for restricted stock units. |
| 03/05/2034 | Expiration date for stock options. |
| 03/07/2024 | Date of signature on the Form 4 filing. |
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