Anindya Dasgupta, Group President, Asia Pacific of Kenvue Inc. (NYSE:KVUE), filed a Form 4 on November 4, 2026, disclosing changes to his beneficial ownership of Kenvue common stock and equity awards following the completion of Kenvue's acquisition by Kimberly-Clark Corporation on November 2, 2026.

Key Highlights

  • Merger closed November 2, 2026: Kimberly-Clark Corporation acquired Kenvue Inc. pursuant to an Agreement and Plan of Merger dated November 2, 2025, according to the filing.
  • 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, per the filing.
  • 16,419 shares disposed: Dasgupta's direct holdings of 16,419 shares of Kenvue common stock were disposed of, leaving a post-transaction balance of 0 shares.
  • 124,352 stock options converted: Outstanding options with an exercise price of $21.44 were assumed and converted into K-C options under the Equity Award Exchange Ratio, with a resulting Kenvue balance of 0.
  • 136,081 RSUs converted: Unvested restricted stock units were assumed and converted into equivalent K-C awards based on the Equity Award Exchange Ratio, with a resulting Kenvue balance of 0.
  • 39,527 PSUs converted at 100% of target: Performance stock units were assumed and converted into K-C stock unit awards, with 2024 and 2025 PSU grants converting at 100% of target achievement as determined by the Compensation and Human Capital Committee.

Kenvue Equity Awards Converted to Kimberly-Clark Awards Following Merger

According to the Form 4 filing, Kimberly-Clark Corporation completed its acquisition of Kenvue Inc. on November 2, 2026, under an Agreement and Plan of Merger originally dated November 2, 2025. The merger involved Vesta Sub I, Inc. and Vesta Sub II, LLC, both wholly owned subsidiaries of K-C. As a result of the merger, all of Dasgupta's directly held Kenvue common stock, totaling 16,419 shares, was disposed of, with the transaction code recorded as "D." The filing does not list a per-share price for the common stock disposal in the transaction table, citing footnote 1, which describes the merger consideration formula.

The filing reports that Dasgupta held 124,352 stock options to purchase Kenvue common stock at an exercise price of $21.44. Under the Merger Agreement, those options were assumed and converted into options to acquire K-C common stock, with both the number of underlying shares and the exercise price adjusted according to the Equity Award Exchange Ratio defined in the Merger Agreement. Similarly, 136,081 unvested restricted stock units were assumed and converted into K-C RSU awards 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 as before the effective time.

Dasgupta also held performance stock units. The filing shows 39,527 PSUs were acquired and 39,527 PSUs were disposed of on November 2, 2026, each line reflecting the conversion mechanics. The filing states that PSUs granted in 2024 and 2025 converted based on 100% of target achievement as of the effective time, as determined by the Compensation and Human Capital Committee of Kenvue's Board of Directors. Following all reported transactions, Dasgupta's beneficial ownership of Kenvue common stock, options, RSUs, and PSUs each stands at 0, consistent with the company no longer existing as a separate public issuer.

What Was Disclosed

The filing disclosed that Anindya Dasgupta, Kenvue's Group President, Asia Pacific, surrendered all direct Kenvue equity holdings - common stock, options, RSUs, and PSUs - upon the November 2, 2026 closing of Kimberly-Clark Corporation's acquisition of Kenvue, with awards converted into equivalent K-C instruments under the Merger Agreement's terms.