Sneed Michael E 4
4 · Kenvue Inc. · Filed Aug 25, 2023
Insider Transaction Report
Form 4
Kenvue Inc.KVUE
Sneed Michael E
Director
Transactions
- Other
Common Stock
2023-08-23+10,787→ 10,787 total - Award
Deferred Share Units
2023-08-23+7,620→ 7,620 total→ Common Stock (7,620 underlying)
Footnotes (2)
- [F1]On July 24, 2023, Johnson & Johnson commenced a registered exchange offer to holders of shares of Johnson & Johnson common stock to exchange Johnson & Johnson common stock for Kenvue Inc. ("Kenvue") common stock. The final exchange ratio was 8.0324 shares of Kenvue common stock per share of Johnson & Johnson common stock accepted in the exchange offer.
- [F2]Grant of Deferred Share Units acquired under the Issuer's Deferred Fee Plan for Directors are to be settled in cash upon termination of the Reporting Person's directorship (with each Deferred Share Unit representing the fair market value of one share of Common Stock on the settlement date).