Mann Erica L 4

What Happened
Erica L. Mann, a director of Kenvue Inc. (KVUE), was granted 10,309 deferred share units (DSUs) on 2026-05-21. The report values the award at $17.46 per unit, totaling $179,995. The transaction is reported as an award/grant (Form 4 code A) and is a derivative grant (DSUs), not an open-market purchase.

Key Details

• Transaction date: 2026-05-21; Form 4 filed: 2026-05-26 (timely filed within required business-day window).
• Grant size & value: 10,309 DSUs × $17.46 = $179,995.
• Instrument: Deferred Share Units (DSUs) — derivative award under the Issuer’s Amended and Restated Deferred Fee Plan for Directors (code A).
• Settlement: DSUs will be settled in shares of Kenvue common stock upon termination of the director’s service (each DSU = right to one share). (Footnote F1)
• Includes dividend equivalents: the grant includes DSUs acquired as dividend equivalents. (Footnote F2)
• Shares owned after transaction: not specified in the provided filing.

Context
DSUs are a form of deferred director compensation that convert into shares at a future settlement event (typically when the director leaves the board); they are not immediate share purchases and do not reflect an open-market buy or sell. Such grants are routine for directors and should be interpreted as compensation rather than a direct trading signal.