Form 4: Johnson & Johnson CEO Joaquin Duato Reports Changes in Beneficial Ownership
SEC Filing
Joaquin Duato, CEO and Chairman of the Board of Johnson & Johnson, reports changes in beneficial ownership related to Performance Share Units (PSUs).
Summary
- Joaquin Duato, CEO and Chairman of the Board of Johnson & Johnson, filed a Form 4 with the SEC.
- The filing reports changes in his beneficial ownership of Johnson & Johnson securities.
- Specifically, it details the acquisition of 19,282 Performance Share Units (PSUs) on February 10, 2025.
- These PSUs were awarded under the Issuer's Long-Term Incentive Plan on February 14, 2022.
- The total number of PSUs has been revised to reflect that certain PSUs, originally granted on February 14, 2022, were forfeited based on performance conditions set forth in the award agreement.
- Following the reported transaction, Duato beneficially owns 19,282 derivative securities.
Sentiment
Score: 6
Explanation: The document is a standard regulatory filing, indicating routine executive compensation adjustments. The forfeiture of some PSUs is a slightly negative factor, but overall the sentiment is neutral.
Negatives
- Certain PSUs, originally granted on February 14, 2022, were forfeited based on performance conditions set forth in the award agreement.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies. It provides transparency into the holdings of key executives and aligns their interests with those of shareholders through equity-based compensation.
Stakeholder Impact
- Shareholders may be interested in the details of executive compensation and equity ownership.
- Employees may be interested in the details of the Long-Term Incentive Plan.
Key Dates
| Date | Description |
|---|---|
| 02/14/2022 | Original grant date of Performance Share Units under the Long-Term Incentive Plan |
| 02/10/2025 | Transaction date for the acquisition of Performance Share Units |
| 02/12/2025 | Date of signature for the Form 4 filing |
| 02/14/2025 | Date of exercisability for Performance Share Units |
Keywords
Form 4, Beneficial Ownership, Performance Share Units, Long-Term Incentive Plan, Joaquin Duato, Johnson & Johnson, JNJ, SEC
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