Form 4: J&J Legal Chief Forminard Acquires 13,706 Performance Units

Johnson & Johnson's EVP and Chief Legal Officer, Elizabeth Forminard, acquired 13,706 Performance Share Units following the certification of performance conditions.

Summary

• Elizabeth Forminard, EVP, Chief Legal Officer of Johnson & Johnson (JNJ), acquired 13,706 Performance Share Units (PSUs).
• These PSUs were originally granted on February 13, 2023, under the Issuer's Long-Term Incentive Plan.
• The acquisition follows the certification on February 9, 2026, that performance conditions set forth in the award agreement were met.
• The PSUs convert into shares of Common Stock upon vesting.
• The reported transaction price for the derivative security was $0, reflecting an award.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive signal, indicating that an executive's performance targets were met, which generally reflects well on company operations and executive alignment.

Positives

• Elizabeth Forminard, a key executive, received 13,706 Performance Share Units, indicating successful achievement of performance conditions.
• The award aligns executive compensation with company performance through the Long-Term Incentive Plan.

Future Outlook

The Performance Share Units are expected to convert into shares of Johnson & Johnson Common Stock upon their vesting.

Management Comments

• The number of PSUs reflects the target number of PSUs originally granted on February 13, 2023, adjusted to reflect achievement relative to the performance conditions set forth in the award agreement, as certified on February 9, 2026.

Industry Context

StockSavvy.ai notes that the use of Performance Share Units as a component of executive long-term incentive compensation is a standard practice across many large, publicly traded companies, aligning executive interests with shareholder value creation through performance-based awards.

Comparison to Industry Standards

• StockSavvy.ai observes that performance-based equity awards, such as PSUs, are a common feature in executive compensation packages for global pharmaceutical and consumer health giants like Pfizer, Merck, and Procter & Gamble.
• The structure of J&J's award, tied to specific performance conditions and vesting over time, is consistent with best practices aimed at retaining key talent and incentivizing long-term strategic execution.

Stakeholder Impact

• Shareholders: The successful achievement of performance conditions for executive compensation may be viewed positively, indicating management's alignment with company goals.
• Employees: Reinforces the company's commitment to performance-based incentives within its compensation structure.

Next Steps

• The Performance Share Units will convert into shares of Common Stock upon vesting.

Key Dates

Keywords

Johnson & Johnson, JNJ, Elizabeth Forminard, Performance Share Units, PSU, executive compensation, insider transaction, SEC Form 4, long-term incentive plan