Kenvue (KVUE) director Erica Mann awarded 10,309 deferred share units as equity pay

Rhea-AI Filing Summary

Mann Erica L reported acquisition or exercise transactions in this Form 4 filing.

Director Erica L. Mann received a grant of 10,309 Deferred Share Units (DSUs) of Kenvue Inc. at a reference price of $17.46 per unit as director compensation. Each DSU represents the right to receive one share of common stock, generally after her board service ends.

Following this award, her directly held DSU balance reported in this filing increased to 19,986.12 DSUs. The footnotes explain that these DSUs are issued under Kenvue’s Amended and Restated Deferred Fee Plan for Directors and that the balance includes DSUs accumulated as dividend equivalents, which mirror dividends paid on the common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Mann Erica L

Role Director

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

Holdings After Transaction: Deferred Share Units — 19,986.12 shares (Direct)

Footnotes (2)

1. F1. 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. F2. Includes DSUs acquired as dividend equivalents.

Key Figures

DSUs granted: 10,309 units Reference price: $17.46 per unit DSUs after transaction: 19,986.12 units +1 more

4 metrics

DSUs granted 10,309 units Deferred Share Units granted on May 21, 2026

Reference price $17.46 per unit Transaction price per DSU for the grant

DSUs after transaction 19,986.12 units Total Deferred Share Units held directly after the award

Share conversion ratio 1 DSU = 1 share Each DSU represents one Kenvue common share at settlement

Key Terms

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

3 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"

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.

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

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Accepted by SEC EDGAR 05/26/2026 - 05:10 PM Learn about SEC filing dates

FAQ

What insider transaction did Kenvue (KVUE) director Erica L. Mann report?

Erica L. Mann reported receiving a grant of 10,309 Deferred Share Units as director compensation. These DSUs are a form of equity-based pay that convert into Kenvue common shares upon the end of her board service, aligning her interests with shareholders.

How many Kenvue (KVUE) Deferred Share Units does Erica L. Mann hold after this grant?

After the reported grant, Erica L. Mann holds 19,986.12 Deferred Share Units. This total reflects both the new 10,309-unit award and previously accumulated DSUs, including amounts credited as dividend equivalents tied to Kenvue’s common stock dividends.

What are Deferred Share Units (DSUs) in the Kenvue (KVUE) director plan?

Deferred Share Units are rights to receive Kenvue common shares at a future date, here upon a director’s termination of service. Each DSU equals one share of common stock on settlement, providing long-term, stock-linked compensation instead of immediate cash fees.

Was the Kenvue (KVUE) Form 4 transaction an open-market buy or sale?

The Form 4 shows a grant of 10,309 DSUs as compensation, not an open-market purchase or sale. The transaction is coded “A” for award, meaning Kenvue granted units under its director fee plan rather than Erica L. Mann trading shares in the market.

How are Kenvue (KVUE) director DSUs from this filing settled in the future?

The DSUs are scheduled to be settled in Kenvue common stock after Erica L. Mann’s directorship ends. At settlement, each DSU converts into one share of common stock, including units accumulated as dividend equivalents over the holding period.

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^*

Mann Erica L

(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	19,986.12(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)