Kirk Perry, Chief Executive Officer and Director of Kenvue Inc. (NYSE:KVUE), filed a Form 4 on November 4, 2026, disclosing the disposition of all directly held Kenvue common stock, stock options, restricted stock units, and deferred share units following the completion of the acquisition of Kenvue by Kimberly-Clark Corporation 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.
  • Merger consideration: Each share of Kenvue common stock was exchanged for 0.14625 shares of Kimberly-Clark common stock (par value $1.25 per share) plus $3.50 in cash, according to the filing.
  • Common stock disposed: Perry reported a disposition of 62,555 shares of Kenvue common stock, leaving a post-transaction balance of 0 shares directly owned.
  • Stock options converted: 614,250 options with an exercise price of $21.44 were disposed under transaction code D and converted into options to acquire Kimberly-Clark common stock, adjusted by the Equity Award Exchange Ratio defined in the Merger Agreement.
  • RSUs vested and canceled: 509,004 restricted stock units vested at the effective time of the merger pursuant to the terms of Perry's offer letter and were canceled in exchange for the merger consideration.
  • DSUs converted: 14,874.34 deferred share units were assumed and converted into Kimberly-Clark stock unit awards covering shares determined by the Equity Award Exchange Ratio, subject to the same terms and conditions as before the merger.

Kenvue CEO Kirk Perry's Holdings Following the Kimberly-Clark Acquisition

According to the Form 4 filed on November 4, 2026, Kirk Perry, serving as both Chief Executive Officer and Director of Kenvue Inc., reported changes in his beneficial ownership of Kenvue securities resulting from the closing of Kimberly-Clark Corporation's acquisition of the company. The filing states that on November 2, 2026, Kimberly-Clark completed its purchase of Kenvue "pursuant to that certain Agreement and Plan of Merger dated November 2, 2025," involving Kenvue, Kimberly-Clark, and two wholly owned K-C subsidiaries: Vesta Sub I, Inc. and Vesta Sub II, LLC.

The filing reports that Perry's 62,555 shares of Kenvue common stock were disposed of on November 2, 2026, with no shares remaining directly owned afterward. The merger consideration for each share of Kenvue common stock consisted of 0.14625 shares of Kimberly-Clark common stock and $3.50 in cash. Perry's 509,004 restricted stock units vested at the effective time of the merger "pursuant to the terms of his offer letter," the filing states, and were then canceled and converted into the right to receive the merger consideration. His 14,874.34 deferred share units were assumed and converted into Kimberly-Clark stock unit awards based on the Equity Award Exchange Ratio, subject to the same prior terms and conditions.

Perry's 614,250 stock options at an exercise price of $21.44 were likewise reported as disposed under transaction code D. The filing explains that each outstanding Kenvue option, "whether vested or unvested, was assumed and converted into an option to acquire a number of shares of K-C Common Stock," with the exercise price and share count adjusted according to the Equity Award Exchange Ratio. Following all reported transactions, Perry's direct beneficial ownership of Kenvue common stock and all derivative securities stands at zero, as stated in the filing.

What Was Disclosed

Kirk Perry, Kenvue's CEO and Director, filed this Form 4 to report the disposition of all Kenvue common stock, stock options, RSUs, and DSUs he held directly, all resulting from Kimberly-Clark Corporation's acquisition of Kenvue Inc. effective November 2, 2026.