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Kenvue Inc. — Director's Dealing 2024
Feb 13, 2024
30138_dirs_2024-02-12_5f796db0-fbb5-4e78-a77f-a6a14c2bcbad.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Kenvue Inc. (KVUE)
CIK: 0001944048
Period of Report: 2024-02-08
Reporting Person: Meurer Jan (Group President, North America)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-08 | Common Stock | M | 17787 | — | Acquired | 17787 | Direct |
| 2024-02-08 | Common Stock | F | 6681 | $19.67 | Disposed | 11106 | Direct |
| 2024-02-08 | Common Stock | M | 5571 | — | Acquired | 16677 | Direct |
| 2024-02-08 | Common Stock | F | 2014 | $19.67 | Disposed | 14663 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-08 | Restricted Stock Units | $ | M | 17787 | Disposed | Common Stock (17787) | Direct | |
| 2024-02-08 | Restricted Stock Units | $ | M | 5571 | Disposed | Common Stock (5571) | Direct |
Footnotes
F1: The Restricted Share Units converted into shares of Common Stock on a one-for-one basis upon vesting.
F2: Shares withheld for payment of taxes upon vesting of Restricted Share Units.
F3: These RSUs were originally granted by Johnson & Johnson as performance share units and, in connection with the Separation and pursuant to the terms of the Employee Matters Agreement, were converted into time-based RSUs with respect to Issuer common stock with adjustments made to the number of shares subject to the award in order to preserve the award's value and with performance criteria deemed satisfied at the target level, unless two years have been completed in the performance period, in which case performance was deemed satisfied at the level of performance for such years.
F4: This award is fully vested.
F5: These restricted share units ("RSUs") were originally granted by Johnson & Johnson and, in connection with the Issuer's separation from Johnson & Johnson on August 23, 2023 (the "Separation") and pursuant to the terms of the Employee Matters Agreement, dated as of May 3, 2023 between Johnson & Johnson and the Issuer (the "Employee Matters Agreement"), were converted into RSUs with respect to Issuer common stock with adjustments made to the number of shares subject to the award in order to preserve the award's value.