Kenvue Latin America President Disposes Holdings in Kimberly-Clark Merger

Executive Summary

On November 4, 2026, a Form 4 was filed for Leonardo Curado Gomes de Lemos, Group President, Latin America at Kenvue Inc. ($KVUE). The filing reflects the disposition of all held equity interests—including 17,107 shares of Common Stock as well as outstanding stock options, restricted stock units (RSUs), and performance stock units (PSUs)—effective November 2, 2026. This disposition was completed in connection with the closing of the merger between Kenvue Inc. and Kimberly-Clark Corporation (K-C).

Transaction Details

• Common Stock: Disposed of 17,107 shares. Under the merger agreement, each share of Kenvue common stock was exchanged for $3.50 in cash plus 0.14625 shares of Kimberly-Clark common stock.
• Stock Options: 12,818 options were assumed and converted into options to purchase shares of Kimberly-Clark common stock with adjusted exercise prices based on the Equity Award Exchange Ratio.
• Restricted Stock Units (RSUs): 64,194 unvested RSUs were assumed and converted into equivalent Kimberly-Clark awards.
• Performance Stock Units (PSUs): 4,150 PSUs were acquired at 100% target achievement and subsequently converted into equivalent Kimberly-Clark stock units.

Market and Trading Significance

The trading significance of this filing is categorized as Low. The disposition and derivative conversions were non-discretionary corporate actions resulting from the consummation of the merger with Kimberly-Clark Corporation. This activity does not represent open-market sentiment or insider confidence.