Kenvue director Prabhu disposes of 37.8K stock units
The merger agreement converted deferred share units into Kimberly-Clark stock unit awards using an equity award exchange ratio determined under its terms.
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Rhea-AI Filing Summary
Kenvue Inc. director Vasant M. Prabhu reported a disposition to the issuer of 37,794.81 deferred share units on November 2, 2026, with zero deferred share units reported afterward. Kimberly-Clark Corporation acquired Kenvue that day; under the merger agreement, each deferred share unit was assumed and converted into a Kimberly-Clark stock unit award using an equity award exchange ratio determined under the agreement, subject to the prior award’s terms and conditions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Deferred Share Units F2, F1, F3 | 37,794.81 | -- | -- |
Footnotes (3)
- F1. On November 2, 2026, Kimberly-Clark Corporation, a Delaware corporation ("K-C"), acquired the Company pursuant to that certain Agreement and Plan of Merger dated November 2, 2025, by and among the Company, K-C, Vesta Sub I, Inc., a Delaware corporation and a direct wholly owned subsidiary of K-C, and Vesta Sub II, LLC, a Delaware limited liability company and a direct wholly owned subsidiary of K-C (the "Merger Agreement"). In accordance with the terms of the Merger Agreement, each share of the Company's common stock ("Company Common Stock") was exchanged for 0.14625 shares of K-C common stock ("K-C Common Stock"), par value $1.25 per share (the "Stock Consideration"), plus (b) $3.50 in cash (the "Cash Consideration" and, together with the Stock Consideration, the "Merger Consideration").
- F2. Each deferred share unit ("DSU") represents the right to receive one share of Company Common Stock.
- F3. Pursuant to the Merger Agreement, each DSU was assumed and converted into a K-C stock unit award covering a number of shares of K-C Common Stock equal to the product of (a) the number of shares of Company Common Stock subject to such DSU immediately prior to the Effective Time (including any additional DSUs credited as Company DERs with respect to such DSU prior to the Effective Time) and (b) the equity award exchange ratio determined under a formula in the Merger Agreement, subject to the same terms and conditions that applied prior to the Effective Time.
Key Figures
Key Terms
Effective Time technical
equity award exchange ratio technical
Merger Consideration financial
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