Kenvue (KVUE) director receives 10,309 deferred share units as equity award

Rhea-AI Filing Summary

Hofstetter Sarah reported acquisition or exercise transactions in this Form 4 filing.

Kenvue Inc. director Sarah Hofstetter received a compensation grant of 10,309 Deferred Share Units (DSUs) on May 21, 2026. Each DSU represents the right to receive one share of Kenvue common stock, generally delivered when her board service ends.

Following this award, Hofstetter holds a total of 24,101.687 DSUs. The grant was valued at $17.46 per unit for reporting purposes and also reflects DSUs credited as dividend equivalents under Kenvue’s Amended and Restated Deferred Fee Plan for Directors.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Hofstetter Sarah

Role null

Type	Security	Shares	Price	Value
Grant/Award	Deferred Share Units	10,309	$17.46	$180K

Holdings After Transaction: Deferred Share Units — 24,101.687 shares (Direct, null)

Footnotes (1)

1. Grant of Deferred Share Units ("DSUs") under the Issuer's Amended and Restated Deferred Fee Plan for Directors are to be settled in shares of the Issuer's common stock upon termination of the Reporting Person's directorship (with each DSU representing the right to receive one share of Common Stock on the settlement date). Includes DSUs acquired as dividend equivalents.

Key Figures

Deferred Share Units granted: 10,309 units Reporting value per DSU: $17.46 per unit Total DSUs after grant: 24,101.687 units +1 more

4 metrics

Deferred Share Units granted 10,309 units Director award on May 21, 2026

Reporting value per DSU $17.46 per unit Grant valuation for disclosure

Total DSUs after grant 24,101.687 units Director holdings following transaction

Underlying common stock per DSU 1 share per DSU Each DSU settles into one common share

Key Terms

Deferred Share Units, Amended and Restated Deferred Fee Plan for Directors, dividend equivalents

3 terms

Deferred Share Units financial

"Grant of Deferred Share Units ("DSUs") under the Issuer's Amended and Restated Deferred Fee Plan for Directors"

Deferred share units are promises that give an executive or director the right to receive company shares or their cash value at a future date, often when they retire or leave the company. Think of them as a paycheck held in a savings account that converts into stock later; they matter to investors because they tie pay to long-term performance, create potential future dilution of shares, and represent a delayed cash or share obligation the company must eventually fulfill.

Amended and Restated Deferred Fee Plan for Directors financial

"Grant of Deferred Share Units ("DSUs") under the Issuer's Amended and Restated Deferred Fee Plan for Directors"

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.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hofstetter Sarah

(Last) (First) (Middle)

C/O 1 KENVUE WAY

(Street)

SUMMIT NEW JERSEY 07901

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Kenvue Inc. [ KVUE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Deferred Share Units	(1)	05/21/2026		A		10,309		(1)	(1)	Common Stock	10,309	$17.46	24,101.687(2)	D

Explanation of Responses:

1. Grant of Deferred Share Units ("DSUs") under the Issuer's Amended and Restated Deferred Fee Plan for Directors are to be settled in shares of the Issuer's common stock upon termination of the Reporting Person's directorship (with each DSU representing the right to receive one share of Common Stock on the settlement date).

2. Includes DSUs acquired as dividend equivalents.

Remarks:

	/s/ Alla Berenshteyn, as attorney-in-fact	05/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Kenvue (KVUE) director Sarah Hofstetter report on this Form 4?

Sarah Hofstetter reported receiving 10,309 Deferred Share Units as a board compensation grant. These DSUs are linked to Kenvue common stock and increase her deferred equity stake, which will be settled in shares when her directorship ends.

How many Kenvue (KVUE) Deferred Share Units does Sarah Hofstetter hold after the grant?

After the reported grant, Sarah Hofstetter holds 24,101.687 Deferred Share Units. This total includes the new 10,309-unit award and DSUs previously accumulated, including units credited as dividend equivalents under the director deferred fee plan.

What are Kenvue (KVUE) Deferred Share Units as reported in this filing?

Kenvue Deferred Share Units are director compensation instruments that convert into common stock. Each DSU represents the right to receive one Kenvue common share, generally delivered when the director’s board service ends, aligning compensation with long-term shareholder outcomes.

At what value were Sarah Hofstetter’s Kenvue (KVUE) Deferred Share Units reported?

The 10,309 Deferred Share Units were reported at $17.46 per unit. This value is used for disclosure purposes in the Form 4 and helps quantify the size of the award in relation to Kenvue’s stock at the grant date.

Does this Kenvue (KVUE) Form 4 show any stock sales by Sarah Hofstetter?

The Form 4 shows only a grant of 10,309 Deferred Share Units to Sarah Hofstetter. It does not report any open-market purchases or sales, only an acquisition related to director compensation under Kenvue’s deferred fee plan.