Form 4: Kenvue Inc. General Counsel Matthew Orlando Reports Stock Transactions

Kenvue Inc.'s General Counsel, Matthew Orlando, reports the vesting of restricted stock units and subsequent tax withholding of shares.

Summary

• Matthew Orlando, General Counsel of Kenvue Inc., reported transactions involving the company's common stock on December 1, 2024.
• 4,260.92 restricted stock units (RSUs) vested and converted into an equal number of common shares.
• 1,038 shares were withheld to cover taxes related to the vesting of the RSUs at a price of $24.08 per share.
• Following these transactions, Mr. Orlando directly owns 14,740.049 shares of Kenvue Inc. common stock.
• The RSUs vest in three equal installments on December 1, 2024, December 1, 2025, and December 1, 2026, contingent on continued service.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and does not indicate any positive or negative sentiment. It is a routine filing.

Future Outlook

The remaining restricted stock units will vest in two equal installments on December 1, 2025 and December 1, 2026, subject to continued service.

Industry Context

This is a routine filing for a company officer related to equity compensation. It is common for executives to receive stock-based compensation that vests over time.

Comparison to Industry Standards

• Stock-based compensation is a standard practice for publicly traded companies like Kenvue Inc. to align executive interests with shareholder value.
• The vesting schedule of three equal installments over three years is a common approach to incentivize long-term performance and retention.
• Tax withholding upon vesting is a standard procedure to cover the tax obligations of the employee.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they are related to executive compensation.
• The vesting of RSUs incentivizes the executive to remain with the company.

Key Dates

Keywords

Kenvue Inc., Matthew Orlando, restricted stock units, RSUs, stock vesting, insider trading, Form 4, General Counsel, equity compensation