Lawson Carlton 4

What Happened Lawson Carlton, Group President EMEA & Latin America at Kenvue (KVUE), converted 7,736.17 derivative units into 7,736.17 shares on 2026-03-05 (reported on Form 4 filed 2026-03-09). The transaction shows an exercise/conversion of a derivative instrument at $0.00 per share; no shares were sold — the reporting person retained the shares and paid required tax withholdings in cash.

Key Details

• Transaction date: 2026-03-05; Form 4 filed: 2026-03-09 (timely).
• Transaction type/code: Exercise/conversion of derivative (code M) — derivative units converted into common stock.
• Shares involved: 7,736.17 shares acquired (and the derivative instrument disposition of 7,736.17 units is also reported).
• Price/value reported: $0.00 per share on the filing (this reflects conversion, not an open‑market purchase).
• Shares owned after transaction: not specified in the filing.
• Footnotes:
  • F1: Reporting person retained all shares acquired and paid tax withholdings in cash (no shares withheld).
  • F2: Units convert 1-for-1 to common stock.
  • F3: The award vests in three equal installments on 03/05/2025, 03/05/2026, and 03/05/2027 (this appears to be the 03/05/2026 installment).
  • F4: Includes shares acquired via dividend reinvestment transactions.

Context This was a conversion/vesting event (derivative-to-share conversion), not a market sale or open‑market purchase — a routine executive vesting event. No 10b5-1 plan or gift was indicated. Because the filer retained the shares and paid taxes in cash, the action does not represent a stock sale; it reflects normal vesting of long‑term compensation.