Director Seemantini Godbole filed a Form 4 with the SEC on November 4, 2026, disclosing the disposition and conversion of 37,794.8 Deferred Share Units in Kenvue Inc. following the company's acquisition by Kimberly-Clark Corporation on November 2, 2026.

Key Highlights

  • Reporting person: Seemantini Godbole, listed as a Director of Kenvue Inc. (NYSE:KVUE).
  • Transaction date: November 2, 2026, the date Kimberly-Clark Corporation completed its acquisition of Kenvue Inc. pursuant to a merger agreement dated November 2, 2025.
  • DSUs disposed: 37,794.8 Deferred Share Units, each representing the right to receive one share of Kenvue common stock, were disposed of (transaction code D).
  • Merger consideration: 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.
  • DSU conversion: The 37,794.8 DSUs were assumed and converted into a K-C stock unit award covering K-C common stock, calculated using an equity award exchange ratio under a formula in the Merger Agreement.
  • Remaining DSU balance: Following the transaction, Godbole's directly owned DSU balance is reported as 0.

Godbole's Kenvue DSUs Converted as Kimberly-Clark Merger Closes

According to the filing, Kimberly-Clark Corporation, a Delaware corporation, acquired Kenvue Inc. on November 2, 2026, pursuant to an Agreement and Plan of Merger dated November 2, 2025. The merger parties named in the filing include Kenvue, 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). The filing states that in accordance with the Merger Agreement, each share of Kenvue common stock was exchanged for 0.14625 shares of K-C common stock plus $3.50 in cash.

Director Seemantini Godbole held 37,794.8 Deferred Share Units immediately prior to the merger's effective time. The filing notes that each DSU represented the right to receive one share of Kenvue common stock. Under the terms of the Merger Agreement, the filing states that each DSU "was 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 (a) the number of shares of Company Common Stock subject to such DSU immediately prior to the Effective Time (including any additional DSUs credited as Company DERs with respect to such DSU prior to the Effective Time) and (b) 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."

Following this transaction, the filing reports that Godbole's directly held derivative securities balance stands at 0. The Form 4 was signed on November 4, 2026, by Pinto Adhola as attorney in fact. The filing also notes that the box indicating the reporting person is "no longer subject to Section 16" has been checked.

What Was Disclosed

Seemantini Godbole, a Kenvue director, disclosed the conversion of 37,794.8 Deferred Share Units into a K-C stock unit award upon Kimberly-Clark's acquisition of Kenvue on November 2, 2026, leaving her DSU balance at zero.