Lawson Carlton 4

What Happened
Lawson Carlton, Group President EMEA & Latin America at Kenvue, had restricted stock units (RSUs) convert/vest on Feb 13, 2026, resulting in the acquisition of 39,426 Kenvue shares. The filing shows 34,907 shares acquired at $18.66 each (total value reported $651,365) and 4,519 shares recorded at $0.00. Matching derivative “disposed” entries at $0.00 reflect the conversion/settlement of the underlying derivative awards—not an open‑market sale. Per the filing, Carlton retained all shares and paid tax withholding in cash.

Key Details

• Transaction date: 2026-02-13 (reported on Form 4 filed 2026-02-18). The filing date is within the Section 16 reporting window (filed on the second business day after the transaction, accounting for the Presidents’ Day holiday).
• Shares acquired: 34,907 at $18.66 (value $651,365) + 4,519 at $0.00 = 39,426 total shares acquired and retained.
• Shares disposed entries at $0.00 reflect derivative conversion/settlement, not sales.
• Footnotes: awards were originally granted by Johnson & Johnson and were converted into Kenvue RSUs at the time of Kenvue’s separation from J&J; the award(s) were fully vested and performance criteria were treated as satisfied per the conversion terms. Tax withholding was paid in cash.
• Shares owned after transaction: not specified in the provided filing excerpt.

Context
These entries reflect RSU conversion/settlement (derivative exercise/conversion) rather than an open‑market trade. Because Carlton retained all shares (and did not sell them), this is not a bearish liquidity event; it is the normal vesting/settlement of equity compensation originally tied to Johnson & Johnson and converted at separation.