Stevens Meredith 4

What Happened

• Meredith Stevens, Chief Operations Officer of Kenvue, had 28,040 restricted stock units convert into common shares on 2026-02-13 (two derivative/conversion entries of 24,825 and 3,215 shares at $0.00). To cover tax withholding, 8,031 shares were surrendered (withheld) at $18.66 per share for a total tax withholding value of $149,858 (reported as disposals). Net result: an increase of 20,009 shares held by Meredith. This was a vesting/cashless net settlement of RSUs rather than an open-market sale or purchase.

Key Details

• Transaction date: 2026-02-13; conversion price reported $0.00 (vesting of RSUs). Tax-withheld disposals at $18.66/share.
• Withheld shares: 7,147 shares ($133,363) and 884 shares ($16,495) — combined $149,858 for taxes.
• Net shares acquired: 28,040 vested − 8,031 withheld = 20,009 net shares.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: F1 = shares withheld to pay taxes; F2 = award fully vested; F3–F4 = these RSUs were originally granted by Johnson & Johnson and converted to Kenvue RSUs in connection with the company separation and Employee Matters Agreement (adjustments made to preserve value; performance criteria treated as satisfied per agreement).
• Filing timeliness: Form 4 filed 2026-02-18 for a 2026-02-13 transaction — within the SEC two-business-day filing window (timely).

Context

• Code M entries reflect exercise/conversion of a derivative (here, RSU conversion to common stock). Code F entries reflect shares withheld to satisfy tax withholding obligations — a routine cashless net settlement, not a market sale indicating sentiment.
• These RSUs trace back to Johnson & Johnson awards converted at separation; the filing notes adjustments and that the award was fully vested.