Kenvue (NYSE: KVUE) grants director 10,309 deferred share units

Rhea-AI Filing Summary

PRABHU VASANT M reported acquisition or exercise transactions in this Form 4 filing.

Kenvue Inc. director Vasant M. Prabhu received a grant of 10,309 Deferred Share Units at $17.46 per unit under the company’s Amended and Restated Deferred Fee Plan for Directors. Each DSU represents one share of common stock, settling when his board service ends, bringing his total DSUs to 36,626.664, including amounts from dividend equivalents.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider PRABHU VASANT M

Role null

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

Holdings After Transaction: Deferred Share Units — 36,626.664 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 Grant reference price: $17.46 per unit Total DSUs after grant: 36,626.664 units +1 more

4 metrics

Deferred Share Units granted 10,309 units Director DSU award on 2026-05-21

Grant reference price $17.46 per unit Price used to determine DSU award

Total DSUs after grant 36,626.664 units Director’s DSU balance following transaction

Underlying common stock per DSU 1 share per DSU Each DSU converts into one Kenvue common share

Key Terms

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

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

"under the Issuer's Amended and Restated Deferred Fee Plan for Directors are to be settled in shares"

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.

settlement date financial

"each DSU representing the right to receive one share of Common Stock on the settlement date"

The settlement date is the day when a securities trade is finalized: the buyer’s cash is delivered and the seller’s shares or bonds are transferred into the buyer’s account. Think of it like the closing day of a purchase, when ownership and payment officially change hands; until then the trade exists as an agreement but not as completed property transfer. Investors care because payment timing affects cash availability, record of ownership, dividends, and legal rights tied to the asset.

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^*

PRABHU VASANT M

(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	36,626.664(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 insider transaction did Kenvue (KVUE) director Vasant M. Prabhu report?

Vasant M. Prabhu reported receiving 10,309 Deferred Share Units from Kenvue. These DSUs were granted as part of his director compensation and convert into an equal number of common shares when his board service ends, rather than being an open-market stock purchase.

What are Deferred Share Units in Kenvue (KVUE)'s director plan?

Deferred Share Units are bookkeeping entries that track the right to receive Kenvue common stock later. Under the director plan, each DSU represents one future share, typically delivered after a director leaves the board, aligning director compensation with long-term shareholder interests.

At what reference price were Kenvue (KVUE) DSUs granted to the director?

The 10,309 Deferred Share Units were granted using a reference price of $17.46 per unit. This price is used to determine the number of DSUs awarded as compensation, but the DSUs themselves will ultimately settle in shares, not cash, upon the settlement date.

How many Kenvue (KVUE) Deferred Share Units does the director hold after this grant?

After the reported grant, Vasant M. Prabhu holds a total of 36,626.664 Deferred Share Units. This figure includes DSUs he previously accumulated as well as additional DSUs credited as dividend equivalents, all of which are scheduled to settle in common stock in the future.

When will Kenvue (KVUE) Deferred Share Units granted to the director be settled?

The Deferred Share Units will be settled in Kenvue common stock when the director’s service on the board ends. At that time, each DSU converts into one share, turning the deferred, stock-based compensation into actual share ownership delivered in a lump upon termination.

Do Kenvue (KVUE) dividend equivalents affect the director’s Deferred Share Units?

Yes. The filing notes that the total includes DSUs acquired as dividend equivalents. When Kenvue pays dividends, additional DSUs are credited to the director’s account, increasing the number of units that will eventually convert into common shares at settlement.