Kenvue (NYSE: KVUE) director awarded 10,309 deferred share units as board fees

Rhea-AI Filing Summary

Sneed Michael E reported acquisition or exercise transactions in this Form 4 filing.

Kenvue Inc. director Michael E. Sneed received a grant of 10,309 Deferred Share Units at a reference price of $17.4600 per unit. Each DSU represents the right to receive one share of common stock, to be settled when his directorship ends. Following this award, he holds 36,626.663 DSUs, including units accumulated as dividend equivalents.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sneed Michael E

Role null

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

Holdings After Transaction: Deferred Share Units — 36,626.663 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 Reference price per DSU: $17.4600 per unit Total DSUs after grant: 36,626.663 units +1 more

4 metrics

Deferred Share Units granted 10,309 units Grant under Amended and Restated Deferred Fee Plan for Directors on 2026-05-21

Reference price per DSU $17.4600 per unit Used to determine size of DSU award

Total DSUs after grant 36,626.663 units Holdings following reported transaction, including dividend equivalents

Underlying common stock 10,309 shares Each DSU represents right to receive one share on settlement

Key Terms

Deferred Share Units, Amended and Restated Deferred Fee Plan for Directors, dividend equivalents, settled in shares of the Issuer's common stock

4 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.

settled in shares of the Issuer's common stock financial

"DSUs ... are to be settled in shares of the Issuer's common stock upon termination of the Reporting Person's directorship"

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^*

Sneed Michael E

(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	36,626.663(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 Michael E. Sneed report on this Form 4?

Michael E. Sneed reported receiving 10,309 Deferred Share Units as a grant. These units are part of director compensation and convert into Kenvue common stock when his board service ends.

How many Kenvue Deferred Share Units does Michael E. Sneed hold after this grant?

After the reported grant, Michael E. Sneed holds 36,626.663 Deferred Share Units. This total includes units granted over time and additional DSUs received as dividend equivalents under the director fee plan.

At what reference price were Kenvue Deferred Share Units granted to Michael E. Sneed?

The 10,309 Deferred Share Units were granted using a reference price of $17.4600 per unit. This price helps determine the number of DSUs awarded as part of the director’s deferred fee arrangement.

When will Michael E. Sneed’s Kenvue Deferred Share Units be settled into common stock?

The Deferred Share Units are scheduled to be settled in Kenvue common stock when Michael E. Sneed’s directorship terminates. At that time, each DSU converts into one share of Kenvue common stock.

What are dividend equivalents on Kenvue Deferred Share Units mentioned in the Form 4?

Dividend equivalents are extra Deferred Share Units credited when Kenvue pays dividends. Instead of cash, the director receives additional DSUs, increasing the total units that will convert into common shares at settlement.