Kenvue (KVUE) director adds 1,413 DSUs, Starboard-linked holdings at 27.3M shares
Rhea-AI Filing Summary
Kenvue Inc. director Jeffrey C. Smith reported his equity holdings and a new compensation-related award. Investment funds and accounts managed by Starboard Value LP, where Smith is a Managing Member, hold 27,307,632 shares of Kenvue common stock indirectly attributed to him for Section 16 purposes, although he disclaims beneficial ownership beyond his pecuniary interest. Smith also received a grant of 1,413 Deferred Share Units (DSUs), representing deferred cash compensation under Kenvue’s director fee plan. Each DSU is the right to receive one share of common stock, to be settled after his separation from service, and his DSU balance increased to 27,023.086 units, including amounts acquired as dividend equivalents.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Smith Jeffrey C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Share Units | 1,413 | $0.00 | $0.00 |
| holding | Common Stock, $0.01 par value | -- | -- | -- |
Holdings After Transaction:
Deferred Share Units — 27,023.086 shares (Direct);
Common Stock, $0.01 par value — 27,307,632 shares (Indirect, By Starboard Value LP)
Footnotes (4)
- F1. Starboard Value LP ("Starboard") serves as the investment manager or manager of certain managed accounts and private investment funds (collectively, the "Starboard Accounts"), which hold the securities reported herein and as such may be deemed to beneficially own such securities. The Reporting Person, as a Managing Member of Starboard, may be deemed to beneficially own the securities directly held by the Starboard Accounts for purposes of Section 16 of the Securities Exchange Act of 1934, as amended. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
- F2. Each Deferred Share Unit ("DSU") represents the right to receive one share of Issuer common stock.
- F3. The DSUs represent deferral of cash compensation under the Issuer's Amended and Restated Deferred Fee Plan for Directors and will be settled in shares of common stock following the Reporting Person's separation from service.
- F4. Includes DSUs acquired as dividend equivalents.
Key Figures
Indirect common shares: 27,307,632 shares
New DSU grant: 1,413 units
Total DSUs after grant: 27,023.086 units
+1 more
4 metrics
Indirect common shares
27,307,632 shares
Common stock held by Starboard Accounts attributed to Smith for Section 16 purposes
New DSU grant
1,413 units
Deferred Share Units granted as director fee deferral
Total DSUs after grant
27,023.086 units
Deferred Share Units balance following the transaction, including dividend equivalents
Underlying common shares for DSUs
1,413 shares
Each DSU represents the right to receive one share of Kenvue common stock
Key Terms
Deferred Share Units, dividend equivalents, pecuniary interest, Section 16 of the Securities Exchange Act of 1934, +1 more
5 terms
dividend equivalents financial
"Includes DSUs acquired as dividend equivalents."
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
pecuniary interest financial
"The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein."
Section 16 of the Securities Exchange Act of 1934 regulatory
"may be deemed to beneficially own the securities directly held by the Starboard Accounts for purposes of Section 16 of the Securities Exchange Act of 1934, as amended."
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
Deferred Fee Plan for Directors financial
"The DSUs represent deferral of cash compensation under the Issuer's Amended and Restated Deferred Fee Plan for Directors"
FAQ
What insider transactions did Kenvue (KVUE) director Jeffrey C. Smith report?
Jeffrey C. Smith reported a new grant of 1,413 Deferred Share Units and updated his existing equity holdings. These DSUs are compensation-related awards that will convert into Kenvue common stock upon his separation from service, rather than an open-market purchase or sale.
Did Kenvue (KVUE) director Jeffrey C. Smith buy or sell common stock in this Form 4?
The Form 4 does not show open-market buys or sells by Smith. It primarily reports indirect holdings through Starboard-managed accounts and a grant of 1,413 Deferred Share Units as deferred director compensation, which will convert to stock in the future.
AI-generated analysis. How Rhea-AI works. Not financial advice.
