Meredith Stevens - 23 Aug 2023 Form 4 Insider Report for Kenvue Inc. (KVUE)

Role: Chief Operations 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, 18:25:32 UTC
Previous filing: 03 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	+9,645		$0.000000	9,645	23 Aug 2023	Common Stock	9,645		Direct	F1, F2
transaction	KVUE	Restricted Stock Units	Award	$0	+9,794		$0.000000	9,794	23 Aug 2023	Common Stock	9,794		Direct	F1, F3
transaction	KVUE	Restricted Stock Units	Award	$0	+9,431		$0.000000	9,431	23 Aug 2023	Common Stock	9,431		Direct	F1, F4
transaction	KVUE	Restricted Stock Units	Award	$0	+24,825		$0.000000	24,825	23 Aug 2023	Common Stock	24,825		Direct	F5, F6
transaction	KVUE	Restricted Stock Units	Award	$0	+24,484		$0.000000	24,484	23 Aug 2023	Common Stock	24,484		Direct	F3, F5
transaction	KVUE	Restricted Stock Units	Award	$0	+30,099		$0.000000	30,099	23 Aug 2023	Common Stock	30,099		Direct	F4, F5
transaction	KVUE	Stock Options	Award	$0	+79,801		$0.000000	79,801	23 Aug 2023	Common Stock	79,801	$21.97	Direct	F2, F7
transaction	KVUE	Stock Options	Award	$0	+96,721		$0.000000	96,721	23 Aug 2023	Common Stock	96,721	$22.40	Direct	F3, F7
transaction	KVUE	Stock Options	Award	$0	+103,566		$0.000000	103,566	23 Aug 2023	Common Stock	103,566	$22.23	Direct	F4, F7

* 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.