Luani Alvarado - 23 Aug 2023 Form 4 Insider Report for Kenvue Inc. (KVUE)

Role
Chief People Officer
Signature
/s/ Alla Berenshteyn, as attorney-in-fact
Issuer symbol
KVUE
Transactions as of
23 Aug 2023
Net transactions value
$0
Form type
4
Filing time
25 Aug 2023, 17:40:17 UTC
Previous filing
08 May 2023
Next filing
04 Oct 2023
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KVUE Restricted Stock Units Award $0 +5,482 $0.000000 5,482 23 Aug 2023 Common Stock 5,482 Direct F1, F2
transaction KVUE Restricted Stock Units Award $0 +4,860 $0.000000 4,860 23 Aug 2023 Common Stock 4,860 Direct F1, F3
transaction KVUE Restricted Stock Units Award $0 +4,793 $0.000000 4,793 23 Aug 2023 Common Stock 4,793 Direct F1, F4
transaction KVUE Restricted Stock Units Award $0 +14,120 $0.000000 14,120 23 Aug 2023 Common Stock 14,120 Direct F5, F6
transaction KVUE Restricted Stock Units Award $0 +12,149 $0.000000 12,149 23 Aug 2023 Common Stock 12,149 Direct F3, F5
transaction KVUE Restricted Stock Units Award $0 +15,298 $0.000000 15,298 23 Aug 2023 Common Stock 15,298 Direct F4, F5
transaction KVUE Stock Options Award $0 +45,375 $0.000000 45,375 23 Aug 2023 Common Stock 45,375 $21.97 Direct F2, F7
transaction KVUE Stock Options Award $0 +48,005 $0.000000 48,005 23 Aug 2023 Common Stock 48,005 $22.40 Direct F3, F7
transaction KVUE Stock Options Award $0 +52,627 $0.000000 52,627 23 Aug 2023 Common Stock 52,627 $22.23 Direct F4, F7
transaction KVUE Stock Options Award $0 +89,372 $0.000000 89,372 23 Aug 2023 Common Stock 89,372 $20.44 Direct F7, F8
transaction KVUE Stock Options Award $0 +48,056 $0.000000 48,056 23 Aug 2023 Common Stock 48,056 $17.82 Direct F7, F8
transaction KVUE Stock Options Award $0 +48,523 $0.000000 48,523 23 Aug 2023 Common Stock 48,523 $17.49 Direct F7, F8
transaction KVUE Stock Options Award $0 +60,650 $0.000000 60,650 23 Aug 2023 Common Stock 60,650 $15.62 Direct F7, F8
transaction KVUE Stock Options Award $0 +85,534 $0.000000 85,534 23 Aug 2023 Common Stock 85,534 $13.76 Direct F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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, 20223 ("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.
F2 This award vests in three equal installments on 02/13/2024, 02/13/2025, and 02/13/2026, subject to the reporting person's continued service through the vesting date.
F3 This award will vest in full on 02/14/2025, subject to the reporting person's continued service through the vesting date.
F4 This award will vest in full on 02/08/2024, subject to the reporting person's continued service through the vesting date.
F5 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.
F6 This award will vest in full on 02/13/2026, subject to the reporting person's continued service through the vesting date.
F7 These stock options were originally granted by Johnson & Johnson and, in connection with the Separation and pursuant to the terms of the Employee Matters Agreement, were converted into options with respect to Issuer common stock with adjustments made to the number of shares subject to the award and its exercise price in order to preserve the award's value.
F8 This award is fully vested.