Kenvue COO Meredith Stevens Receives 35,754 Shares via PSU Vesting

Executive Summary

On October 6, 2026, Kenvue Inc. ($KVUE) filed a Form 4 detailing equity award activity by Chief Operations Officer Meredith Stevens. On October 2, 2026, Stevens acquired 35,754 shares of common stock upon the vesting of Performance Share Units (PSUs) and concurrently surrendered 15,192 shares to satisfy tax withholding liabilities.

Transaction Breakdown

1. Performance Share Unit Vesting (Code A):

   • Shares Acquired: 35,754
   • Reference Price: $17.20
   • Gross Award Value: ~$614,969
   • Details: Represents common stock distributed upon the completion of a 3-year performance period for PSUs granted on October 2, 2023, vesting at 100% of target along with accrued dividend equivalents.

2. Tax Withholding (Code F):

   • Shares Withheld: 15,192
   • Price Per Share: $17.20
   • Value Withheld: ~$261,302
   • Details: Routine mandatory disposition to cover tax obligations resulting from the PSU settlement.

Following these transactions, Meredith Stevens holds 114,183.01 shares of Kenvue common stock directly, reflecting a net increase of 20,562 shares.

Market and Trading Assessment

• Trading Significance: Low. The reported events stem from pre-established equity compensation plans granted in 2023 rather than open-market buying or selling.
• Sentiment Impact: Neutral. The retention of over 57% of the gross vested shares after tax obligations indicates ongoing equity alignment with shareholders.