Kenvue CEO Kirk Perry Disposes Equity Holdings in Kimberly-Clark Merger

Overview of the Filing

On November 4, 2026, Kenvue Inc. ($KVUE) filed a Form 4 on behalf of Chief Executive Officer and Director Kirk Perry detailing the disposition of all company equity holdings effective November 2, 2026. This disposition was completed in connection with the closing of the acquisition of Kenvue Inc. by Kimberly-Clark Corporation ("K-C").

Transaction Details

• Common Stock: 62,555 shares were disposed of at the effective time of the merger. Per the Merger Agreement, each share of Kenvue Common Stock was exchanged for 0.14625 shares of Kimberly-Clark Common Stock plus $3.50 in cash.
• Stock Options: 614,250 options with an exercise price of $21.44 were assumed and converted into options to acquire shares of Kimberly-Clark Common Stock based on the contractual Equity Award Exchange Ratio.
• Restricted Stock Units (RSUs): 509,004 RSUs accelerated and vested at the effective time pursuant to the terms of Mr. Perry's offer letter and were converted into the right to receive the standard merger consideration.
• Deferred Share Units (DSUs): 14,874.34 DSUs were assumed and converted into Kimberly-Clark stock unit awards.

Market and Trading Impact

• Trading Significance: Low. The disposition of shares and equity awards does not reflect discretionary insider selling or negative sentiment regarding the company's prospects. Rather, it represents the mechanical closing and cancellation/conversion of all equity under the definitive merger agreement between Kenvue Inc. and Kimberly-Clark Corporation.