Jonathan Halvorson, Chief Digital & Marketing Officer of Kenvue Inc., filed a Form 4 on November 4, 2026, disclosing the disposition of 89,969 restricted stock units on November 2, 2026, in connection with the closing of Kenvue's acquisition by Kimberly-Clark Corporation.

Key Highlights

  • Reporting person: Jonathan Halvorson, identified in the filing as Chief Digital & Marketing Officer of Kenvue Inc. (NYSE:KVUE).
  • Transaction date: November 2, 2026, the date of the earliest reported transaction.
  • RSUs disposed: 89,969 restricted stock units (each corresponding 1-for-1 with Kenvue common stock) were disposed of under transaction code D.
  • Remaining RSU position: Following the transaction, Halvorson's directly held RSU position is reported as 0.
  • Merger terms: According to the filing, Kimberly-Clark Corporation acquired Kenvue on November 2, 2026, with each share of Kenvue common stock exchanged for 0.14625 shares of K-C common stock plus $3.50 in cash.
  • RSU conversion: The filing states that each unvested RSU was assumed and converted into an equivalent K-C award covering a number of K-C shares determined by an equity award exchange ratio under the Merger Agreement, subject to the same terms and conditions that applied prior to the closing.

Halvorson RSU Disposition Tied to Kenvue-Kimberly-Clark Merger Completion

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 describes each share of Kenvue common stock as having been exchanged for 0.14625 shares of K-C common stock, par value $1.25 per share, plus $3.50 in cash as merger consideration.

In connection with the merger closing, the filing reports that Halvorson's 89,969 RSUs were disposed of on November 2, 2026. The filing explains that each unvested RSU was assumed and converted into an equivalent K-C award, with the number of K-C shares determined by multiplying the number of Kenvue shares subject to the RSU immediately prior to the effective time (including any additional RSUs credited as dividend equivalent rights) by an equity award exchange ratio set out in the Merger Agreement. The converted awards are described as remaining subject to the same terms and conditions that applied before the effective time.

The form was signed by Pinto Adhola as attorney in fact and filed on November 4, 2026. No price is listed for the derivative security disposition in Table II. The filing also notes that the "Check this box if no longer subject to Section 16" indicator is marked, consistent with the company's change of status following the merger.

What Was Disclosed

The filing disclosed the disposition of 89,969 RSUs held directly by Kenvue's Chief Digital & Marketing Officer, Jonathan Halvorson, on November 2, 2026, arising from the conversion of those awards under the terms of Kenvue's merger with Kimberly-Clark Corporation.