SEC Form 4 · accession 0000921895-26-001711
Kenvue Inc. · KVUE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey C Smith
Director
Period of report
Jun 29, 2026
Accepted (ET)
Jul 1, 2026 · 5:31 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001944048
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.01 par valueF1 | holding | — | — | — | 27,307,632 | I | By Starboard Value LP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Share UnitsF2,F4,F3 | — | Jun 29, 2026 | A | 1,413 | A | — | — | Common Stock | 1,413 | 27,023 | D |
Explanation of responses
- F1Starboard Value LP ("Starboard") serves as the investment manager or manager of certain managed accounts and private investment funds (collectively, the "Starboard Accounts"), which hold the securities reported herein and as such may be deemed to beneficially own such securities. The Reporting Person, as a Managing Member of Starboard, may be deemed to beneficially own the securities directly held by the Starboard Accounts for purposes of Section 16 of the Securities Exchange Act of 1934, as amended. The Reporting Person expressly disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
- F2Each Deferred Share Unit ("DSU") represents the right to receive one share of Issuer common stock.
- F3The DSUs represent deferral of cash compensation under the Issuer's Amended and Restated Deferred Fee Plan for Directors and will be settled in shares of common stock following the Reporting Person's separation from service.
- F4Includes DSUs acquired as dividend equivalents.