Kenvue director Mann disposes of 20.6K stock units
The deferred share units became a Kimberly-Clark Corporation stock unit award under an exchange ratio determined by a merger-agreement formula.
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Rhea-AI Filing Summary
Kenvue Inc. director Erica L. Mann reported the disposition to the issuer of 20,567.33 deferred share units on November 2, 2026. Her reported direct balance in those units after the transaction was 0. Under the merger agreement, the units were assumed and converted into a Kimberly-Clark Corporation stock unit award using an exchange ratio determined by a formula. No Rule 10b5-1 plan is reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Deferred Share Units F2, F1, F3 | 20,567.33 | -- | -- |
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 financial
equity award exchange ratio financial
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