Kenvue director acquires 1,300 deferred share units

The units defer cash director compensation and will be settled in Kenvue common shares following Richard E. Allison Jr.'s separation from service.

Rhea-AI Filing Summary

Kenvue Inc. director Richard E. Allison Jr. acquired 1,300 Deferred Share Units on September 28, 2026, representing deferred cash compensation under the Amended and Restated Deferred Fee Plan for Directors. Each unit represents the right to receive one Kenvue common share. Following the transaction, he held 51,641.767 Deferred Share Units, including units acquired as dividend equivalents.

Insider Trade Summary

Grant/Award: 1,300 shares

Grant/Award 1 txn

Insider ALLISON RICHARD E JR

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Share Units F1, F2, F3	1,300	--	--

Holdings After Transaction: Deferred Share Units — 51,641.767 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.

Key Figures

Deferred Share Units acquired: 1,300 units Common shares represented per Deferred Share Unit: 1 common share per unit Deferred Share Units held following transaction: 51,641.767 units

3 metrics

Deferred Share Units acquired 1,300 units September 28, 2026

Common shares represented per Deferred Share Unit 1 common share per unit Each unit represents the right to receive one share

Deferred Share Units held following transaction 51,641.767 units Includes units acquired as dividend equivalents

Key Terms

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

3 terms

Deferred Share Unit financial

"Each Deferred Share Unit ("DSU") represents the right to receive one share"

Amended and Restated Deferred Fee Plan for Directors financial

"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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Deferred Share Units did a Kenvue (KVUE) director acquire?

Richard E. Allison Jr. acquired 1,300 Deferred Share Units on September 28, 2026. Each unit represents the right to receive one share of Kenvue common stock.

When will Kenvue (KVUE) Deferred Share Units be settled?

The units defer cash compensation under Kenvue's Amended and Restated Deferred Fee Plan for Directors and will be settled in shares of common stock following Richard E. Allison Jr.'s separation from service.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/29/2026 - 04:32 PM Accepted by SEC EDGAR 09/29/2026 - 04:31 PM Learn about SEC filing dates

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^*

ALLISON RICHARD E JR

(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)
09/28/2026

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)	(2)	09/28/2026		A		1,300		(2)	(2)	Common Stock	1,300	(1)	51,641.767(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/ Pinto Adhola, as attorney in fact	09/29/2026
	** 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)