Director Erica L. Mann filed a Form 4 with the SEC on November 4, 2026, disclosing the disposition and conversion of 20,567.33 Deferred Share Units in connection with Kimberly-Clark Corporation's acquisition of Kenvue Inc. 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.
  • Merger consideration per share: Each share of Kenvue common stock was exchanged for 0.14625 shares of K-C common stock (par value $1.25 per share) plus $3.50 in cash, according to the filing.
  • DSUs disposed: Mann held 20,567.33 Deferred Share Units, each representing the right to receive one share of Kenvue common stock, which were disposed of on November 2, 2026.
  • DSUs converted to K-C awards: The filing states each DSU was assumed and converted into a K-C stock unit award covering shares of K-C common stock calculated using the equity award exchange ratio under the Merger Agreement.
  • Resulting DSU balance: Following the transaction, Mann's beneficial ownership of Kenvue Deferred Share Units stands at 0, as reported in the filing.
  • Reporting person role: Erica L. Mann is identified as a Director of Kenvue Inc. in the filing.

Kenvue Director Mann's DSUs Converted at Merger Close with Kimberly-Clark

According to the Form 4 filed on November 4, 2026, Kenvue Inc. (NYSE:KVUE) Director Erica L. Mann reported a change in beneficial ownership arising directly from the completion of Kimberly-Clark Corporation's acquisition of Kenvue. The filing states that on November 2, 2026, Kimberly-Clark Corporation, described as "a Delaware corporation," acquired Kenvue pursuant to the Agreement and Plan of Merger dated November 2, 2025, among the company, K-C, Vesta Sub I, Inc. (a direct wholly owned subsidiary of K-C), and Vesta Sub II, LLC (also a direct wholly owned subsidiary of K-C).

Under the terms of the Merger Agreement, as described in the filing, each share of Kenvue common stock was exchanged for 0.14625 shares of K-C common stock plus $3.50 in cash. The filing further explains that Mann's 20,567.33 Deferred Share Units, each representing the right to receive one share of Kenvue common stock, were disposed of on November 2, 2026. Those DSUs were "assumed and converted into a K-C stock unit award" covering a number of shares of K-C common stock equal to the product of the number of shares subject to the DSU immediately prior to the effective time and the equity award exchange ratio determined under a formula in the Merger Agreement, "subject to the same terms and conditions that applied prior to the Effective Time," according to the filing.

Following the reported transaction, Mann's beneficial ownership of Kenvue Deferred Share Units is listed as 0. The form was signed by Pinto Adhola as attorney in fact on November 4, 2026, and was filed as an individual, single-reporting-person submission.

What Was Disclosed

Director Erica L. Mann disclosed the disposition and conversion of 20,567.33 Kenvue Deferred Share Units into K-C stock unit awards upon the November 2, 2026 close of Kimberly-Clark's acquisition of Kenvue, leaving her Kenvue DSU balance at zero.