Bing Xie - 23 Aug 2023 Form 4 Insider Report for Kenvue Inc. (KVUE)

Role
Group President APAC
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, 18:38:20 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 +12,386 $0.000000 12,386 23 Aug 2023 Common Stock 12,386 Direct F1, F2
transaction KVUE Restricted Stock Units Award $0 +11,520 $0.000000 11,520 23 Aug 2023 Common Stock 11,520 Direct F1, F3
transaction KVUE Restricted Stock Units Award $0 +9,016 $0.000000 9,016 23 Aug 2023 Common Stock 9,016 Direct F1, F4
transaction KVUE Restricted Stock Units Award $0 +31,885 $0.000000 31,885 23 Aug 2023 Common Stock 31,885 Direct F5, F6
transaction KVUE Restricted Stock Units Award $0 +28,803 $0.000000 28,803 23 Aug 2023 Common Stock 28,803 Direct F3, F5
transaction KVUE Restricted Stock Units Award $0 +28,781 $0.000000 28,781 23 Aug 2023 Common Stock 28,781 Direct F4, F5
transaction KVUE Stock Options Award $0 +102,484 $0.000000 102,484 23 Aug 2023 Common Stock 102,484 $21.97 Direct F2, F7
transaction KVUE Stock Options Award $0 +113,797 $0.000000 113,797 23 Aug 2023 Common Stock 113,797 $22.40 Direct F3, F7
transaction KVUE Stock Options Award $0 +98,988 $0.000000 98,988 23 Aug 2023 Common Stock 98,988 $22.23 Direct F4, F7
transaction KVUE Stock Options Award $0 +86,594 $0.000000 86,594 23 Aug 2023 Common Stock 86,594 $20.44 Direct F7, F8
transaction KVUE Stock Options Award $0 +56,168 $0.000000 56,168 23 Aug 2023 Common Stock 56,168 $17.82 Direct F7, F8
transaction KVUE Stock Options Award $0 +42,263 $0.000000 42,263 23 Aug 2023 Common Stock 42,263 $17.49 Direct F7, F8
transaction KVUE Stock Options Award $0 +42,552 $0.000000 42,552 23 Aug 2023 Common Stock 42,552 $15.62 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.