Form 4: Johnson & Johnson Director Acquires Deferred Share Units

Director Marillyn A. Hewson acquired deferred share units (DSUs) of Johnson & Johnson, representing a deferral of cash retainer under the company's Amended and Restated Deferred Fee Plan for Directors.

Summary

• Marillyn A. Hewson, a director at Johnson & Johnson, acquired 334.523 deferred share units (DSUs) on December 10, 2024.
• These DSUs were acquired as a deferral of her cash retainer under the company's Amended and Restated Deferred Fee Plan for Directors.
• The DSUs will be settled in cash upon termination of her directorship.
• Each DSU represents the fair market value of one share of Johnson & Johnson common stock on the business day prior to the settlement date.
• The acquisition price of the DSUs was $149.67 per unit.
• Hewson now holds a total of 11,380.2237 DSUs, including dividend equivalent rights.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally neutral to positive. The acquisition of DSUs aligns the director's interests with the company's long-term performance.

Positives

• The acquisition of DSUs aligns the director's interests with the long-term performance of the company.
• The deferral of cash retainer into DSUs demonstrates a commitment to the company's future.

Future Outlook

The DSUs will be settled in cash upon termination of the Reporting Person's directorship.

Industry Context

This is a routine filing related to director compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Deferred share unit grants are a common form of compensation for directors in large publicly traded companies like Johnson & Johnson.
• Many companies in the pharmaceutical and healthcare sector use similar deferred compensation plans to align director interests with shareholder value.
• The structure of the DSU plan, with settlement in cash upon termination of directorship, is a standard practice.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns director interests with the company's long-term performance.

Key Dates

Keywords

Deferred Share Units, DSU, Director, Johnson & Johnson, JNJ, Insider Transaction, Form 4, Share Ownership, Executive Compensation