Kenvue director acquires 1,451 deferred share units in fee plan

Accepted by SEC EDGAR 12/03/2025 - 05:06 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Kenvue Inc. director reports additional deferred share units

A director of Kenvue Inc. (KVUE) filed a Form 4 reporting the acquisition of 1,451 Deferred Share Units ("DSUs") on 12/01/2025 under the company's Amended and Restated Deferred Fee Plan for Directors. Each DSU represents the right to receive one share of Kenvue common stock, to be settled in shares after the director separates from service. Following this transaction, the director beneficially owns a total of 13,641.878 DSUs, which includes DSUs acquired as dividend equivalents.

Insider Trade Summary

Grant/Award: 1,451 shares

Grant/Award 1 txn

Insider Hofstetter Sarah

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Share Units	1,451	$0.00	$0.00

Holdings After Transaction: Deferred Share Units — 13,641.878 contracts (Direct)

Holdings Before and After: Deferred Share Units, 12,190.878 to 13,641.878 contracts (Direct)

Footnotes (3)

1. F1. Each Deferred Share Unit ("DSU") represents the right to receive one share of Issuer common stock.
2. F2. 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.
3. F3. Includes DSUs acquired as dividend equivalents.

FAQ

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What did the Kenvue Inc. (KVUE) director report on this Form 4?

The Form 4 reports that a director of Kenvue Inc. (KVUE) acquired 1,451 Deferred Share Units ("DSUs") on 12/01/2025 and now beneficially owns 13,641.878 DSUs in total.

What is a Deferred Share Unit (DSU) in the Kenvue (KVUE) director plan?

Each Deferred Share Unit ("DSU") represents the right to receive one share of Kenvue Inc. common stock, issued under the Amended and Restated Deferred Fee Plan for Directors.

When will the Kenvue (KVUE) director receive the shares underlying the DSUs?

The DSUs will be settled in shares of Kenvue common stock following the reporting person's separation from service with the company.

How many Kenvue (KVUE) DSUs does the director own after this transaction?

After the reported transaction, the director beneficially owns 13,641.878 DSUs, which includes DSUs acquired as dividend equivalents.

What compensation does this Kenvue (KVUE) Form 4 transaction represent?

The reported DSUs represent deferral of cash compensation under Kenvue's Amended and Restated Deferred Fee Plan for Directors, rather than an open-market stock purchase.

Is this Kenvue (KVUE) Form 4 filed for one reporting person or a group?

The Form 4 is indicated as filed by one reporting person, who is a director of Kenvue Inc.

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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 NJ 07901

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
12/01/2025

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

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

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

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)	(2)	12/01/2025		A		1,451		(2)	(2)	Common Stock	1,451	(1)	13,641.878(3)	D

Explanation of Responses:

1. Each Deferred Share Unit ("DSU") represents the right to receive one share of Issuer common stock.

2. 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.

3. Includes DSUs acquired as dividend equivalents.

Remarks:

	/s/ Alla Berenshteyn, as attorney-in-fact	12/03/2025
	** 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.