Leonardo Curado Gomes de Lemos, Group President of Latin America at Kenvue Inc. (NYSE:KVUE), filed a Form 4 on November 4, 2026, disclosing changes in his beneficial ownership of Kenvue common stock and derivative securities resulting from Kimberly-Clark Corporation's acquisition of Kenvue on November 2, 2026.

Key Highlights

  • Merger completed November 2, 2026: Kimberly-Clark Corporation acquired Kenvue Inc. pursuant to an Agreement and Plan of Merger dated November 2, 2025.
  • Common stock exchanged: Each share of Kenvue common stock was converted into 0.14625 shares of K-C common stock plus $3.50 in cash, according to the filing.
  • 17,107 shares of common stock disposed: Curado Gomes de Lemos's direct holdings of Kenvue common stock fell to 0 following the transaction.
  • 12,818 stock options disposed and converted: Outstanding options with an exercise price of $23.96 were assumed and converted into options to acquire K-C common stock, with the exercise price and share count adjusted by the Equity Award Exchange Ratio.
  • 64,194 RSUs disposed and converted: Each unvested restricted stock unit was assumed and converted into an equivalent K-C award, adjusted by the Equity Award Exchange Ratio.
  • 4,150 PSUs acquired and disposed: Performance stock units were acquired and then disposed as part of the merger conversion; the 2024 and 2025 PSU grants converted at 100% of target achievement, as determined by the Compensation and Human Capital Committee of Kenvue's Board of Directors.
  • Resulting beneficial ownership: Curado Gomes de Lemos's directly held Kenvue common stock, options, RSUs, and PSUs each show a remaining balance of 0 following the reported transactions.

Kenvue Merger Triggers Full Conversion of Curado Gomes de Lemos's Equity Holdings

According to the filing, Kimberly-Clark Corporation completed its acquisition of Kenvue Inc. on November 2, 2026, under the terms of a merger agreement signed exactly one year earlier. The merger involved two wholly owned K-C subsidiaries, Vesta Sub I, Inc. and Vesta Sub II, LLC, and resulted in each share of Kenvue common stock being exchanged for 0.14625 shares of K-C common stock, plus $3.50 in cash. As a result of this transaction, Leonardo Curado Gomes de Lemos, identified in the filing as Group President, Latin America, reported the disposition of all his directly held Kenvue equity, leaving him with zero shares of Kenvue common stock beneficially owned.

The filing reports that 12,818 stock options carrying an exercise price of $23.96 were disposed and converted into options to acquire K-C common stock. The number of K-C shares issuable and the exercise price were adjusted based on the Equity Award Exchange Ratio defined in the merger agreement, with the same terms and conditions otherwise preserved. Additionally, 64,194 restricted stock units were disposed and converted into an equivalent K-C award covering a number of K-C shares equal to the product of the original RSU count and the Equity Award Exchange Ratio, subject to the same terms and conditions that applied prior to the effective time.

Regarding performance stock units, the filing discloses that 4,150 PSUs were simultaneously acquired and disposed as part of the conversion process. The PSUs granted in 2024 and 2025 converted based on 100% of target achievement as of the effective time, as the filing states was "determined by the Compensation and Human Capital Committee of the Company's Board of Directors." All converted awards are now K-C instruments, and Curado Gomes de Lemos's remaining beneficial ownership in each category of Kenvue securities is reported as 0.

What Was Disclosed

This Form 4 discloses the full conversion and disposition of Leonardo Curado Gomes de Lemos's Kenvue common stock, stock options, restricted stock units, and performance stock units, all resulting from Kimberly-Clark Corporation's completed acquisition of Kenvue Inc. on November 2, 2026.