Kenvue CSO Caroline Tillett Acquires Shares via PSU Vesting

Executive Summary

On October 2, 2026, Caroline Tillett, Chief Scientific Officer of Kenvue Inc. ($KVUE), acquired 24,732 shares of common stock upon the settlement of Performance Share Units (PSUs) granted in October 2023. Concurrent with the vesting, 8,471 shares were withheld by the company to satisfy statutory tax obligations, resulting in a net addition of 16,261 shares to her direct holdings.

Transaction Breakdown

1. PSU Settlement (Code A):

   • Shares Acquired: 24,732
   • Reference Price: $17.20
   • Gross Market Value: $425,390.40
   • Details: Represents 100% target payout of PSUs granted on October 2, 2023, including accrued dividend equivalents over the three-year performance period.

2. Tax Withholding (Code F):

   • Shares Disposed/Withheld: 8,471
   • Price per Share: $17.20
   • Total Value Withheld: $145,701.20

Ownership Impact

Following these transactions, Dr. Tillett's direct beneficial ownership increased to 77,709.15 shares of Kenvue Inc. common stock, up from 61,448.15 shares prior to vesting.

Market Significance

This filing reflects scheduled, non-discretionary equity incentive compensation and routine tax withholding rather than open-market buying or selling. As such, the transaction carries Low predictive significance for investors.