Curado Gomes de Lemos Leonardo 4

What Happened

• Curado Gomes de Lemos Leonardo, Group President LATAM at Kenvue (KVUE), had 24,247.71 derivative units convert into common shares on 2026-05-01 (reported as exercise/conversion, code M). The units converted at an exercise price of $0.00 (i.e., vested RSUs converted to stock).
• To cover tax withholding, 7,141 shares were surrendered/disposed at $17.43 per share, resulting in $124,468 withheld (code F). After withholding, the net shares delivered to the insider equal about 17,106.71 shares (24,247.71 − 7,141).

Key Details

• Transaction date: 2026-05-01; Filing date: 2026-05-26 (filed 25 days after the transaction — a late Form 4 filing).
• Conversion: 24,247.71 units converted to common stock at $0.00 (code M).
• Tax withholding: 7,141 shares withheld/disposed at $17.43/share for $124,468 (code F).
• Net shares retained by insider (approx.): 17,106.71 shares.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Relevant footnotes from the filing:
  • F1: Shares withheld for payment of taxes upon vesting of Restricted Stock Units.
  • F3: Units correspond 1-for-1 with the company's common stock.
  • F4: The award vests in three equal installments on 05/01/2026, 05/01/2027, and 05/01/2028, subject to continued service.
• Filing timeliness: The Form 4 was filed late (transaction 05/01/2026; filing 05/26/2026), which delays public visibility of the trade.

Context

• This filing reflects RSU vesting and net settlement for tax withholding rather than an open-market purchase or voluntary sale. The $0.00 exercise price indicates conversion of granted units (RSUs) into shares.
• The withholding of shares to satisfy taxes is a routine administrative step and not a market sale signal; investors typically view vesting/withholding events as neutral administrative actions rather than expressions of insider sentiment.