Stevens Meredith 4

What Happened Meredith Stevens, Chief Operations Officer of Kenvue Inc., had restricted stock units (RSUs) vest on March 10, 2026 and those units converted 1-for-1 into common shares. A total of 5,169.62 units (4,329.269 and 840.351) were converted. To satisfy tax obligations, 1,738 shares were withheld at $17.96 (=$31,214) and 358 shares were withheld at $18.16 (=$6,501), for a total of 2,096 shares withheld valued at $37,715. The conversion/derivative entries show $0 per share because these were vesting/conversion events rather than cash purchases.

Key Details

• Transaction date: 2026-03-10; Form 4 filed 2026-03-12 (timely; within required reporting window).
• Conversion/exercise code: M = exercise/conversion of derivative (RSU → common stock).
• Withholding code: F = shares withheld to pay tax liabilities (dispositions totaling 2,096 shares for $37,715).
• Gross shares converted: 5,169.62 shares (4,329.269 + 840.351) — convert 1-for-1 to common stock (Footnote F3).
• Vesting schedule note: the award vests in three equal installments on 03/10/2026, 03/10/2027, and 03/10/2028 (Footnote F4); this report covers the 03/10/2026 installment.
• Additional footnotes: F1 = shares withheld for tax payment on RSU vesting; F2 = includes shares withheld to satisfy FICA due to retirement eligibility; F5 = includes shares acquired via dividend reinvestment where applicable.
• Post-transaction total shares owned: not specified in the provided excerpt.

Context This was not an open-market sale or purchase; it was a routine vesting/conversion of RSUs with shares withheld to cover taxes (a common cashless/withholding mechanism). Such withholding transactions are standard administrative events and do not by themselves indicate a buy or sell signal.