Examples of Kenvue Common Stock in a sentence
The number of shares of Kenvue Common Stock subject to the Substitute Kenvue RSU Award shall be equal to the number of shares of J&J Common Stock subject to the J&J RSU Award as of immediately prior to the Distribution multiplied by the Kenvue Conversion Ratio, rounded to the nearest whole share.
Each J&J Option Award held as of immediately prior to the Distribution, whether vested or unvested, by any current Kenvue Employee as of the Distribution shall be converted into an option to purchase shares of Kenvue Common Stock granted under the Kenvue Stock Plan (a “Substitute Kenvue Option Award”).
The number of shares of Kenvue Common Stock subject to the Substitute Kenvue Option Award shall be equal to (a) the number of shares of J&J Common Stock issuable upon the exercise of the J&J Option Award as of immediately prior to the Distribution multiplied by (b) the Kenvue Conversion Ratio, rounded down to the nearest whole share.
Such exchange shall be consummated at a ratio of shares of Kenvue Common Stock for each share of J&J Common Stock tendered, upon the terms and subject to the conditions set forth herein and in the Prospectus.
This Letter of Transmittal relates to the offer (the “Exchange Offer”') by Johnson & Johnson to exchange up to an aggregate of 1,533,830,450 shares of Kenvue Common Stock, owned by Johnson & Johnson, for outstanding shares of J&J Common Stock, that are validly tendered and not validly withdrawn prior to the expiration of this Exchange Offer.
That appointment is effective when and only to the extent that Johnson & Johnson deposits the shares of Kenvue Common Stock for the shares of J&J Common Stock that I have validly tendered with Computershare Trust Company, N.A. (the “Exchange Agent”).