Meredith Stevens - Feb 8, 2024 Form 4 Insider Report for Kenvue Inc. (KVUE)

Role
Chief Operations Officer
Signature
/s/ Alla Berenshteyn, as attorney-in-fact
Stock symbol
KVUE
Transactions as of
Feb 8, 2024
Transactions value $
-$194,418
Form type
4
Date filed
2/12/2024, 07:15 PM
Previous filing
Dec 11, 2023
Next filing
Feb 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KVUE Common Stock Options Exercise $0 +30.1K $0.00 30.1K Feb 8, 2024 Direct F1
transaction KVUE Common Stock Tax liability -$149K -7.59K -25.21% $19.67 22.5K Feb 8, 2024 Direct F2
transaction KVUE Common Stock Options Exercise $0 +9.43K +41.89% $0.00 31.9K Feb 8, 2024 Direct F1
transaction KVUE Common Stock Tax liability -$45.2K -2.3K -7.19% $19.67 29.6K Feb 8, 2024 Direct F2

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 Options Exercise $0 -30.1K -100% $0.00* 0 Feb 8, 2024 Common Stock 30.1K Direct F3, F4
transaction KVUE Restricted Stock Units Options Exercise $0 -9.43K -100% $0.00* 0 Feb 8, 2024 Common Stock 9.43K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.