PAWLUS KATHLEEN M 4

What Happened

Kathleen M. Pawlus, a director of Kenvue Inc. (KVUE), was granted 10,309 deferred share units (DSUs) on 2026-05-21. The award is reported at an acquisition value of $17.46 per share, totaling $179,995. This was a granted award (derivative), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-21; Form 4 filed: 2026-05-26 (filed five days after the transaction; may be later than the standard 2-business-day Form 4 deadline).
• Instrument: Deferred Share Units (DSUs) — 10,309 units @ $17.46 each; aggregate value $179,995.
• Shares owned after transaction: Not specified in this filing.
• Footnotes:
  • F1 — DSUs are granted under the Issuer's Amended and Restated Deferred Fee Plan for Directors and will be settled in common shares when the director’s service ends (each DSU converts to one share at settlement).
  • F2 — The amount includes DSUs acquired as dividend equivalents.
• Transaction code: A (award/grant); reported as a derivative award rather than a direct share purchase.

Context

DSU grants to directors are a common form of non-cash compensation and are typically settled in stock upon termination of service. Such awards reflect compensation policy rather than an immediate market bet by the director. Because this was an award (not a purchase or sale), it should be interpreted as routine compensation unless other insider activity suggests otherwise.