Form 4: Johnson & Johnson Director Acquires Deferred Share Units

Mark A. Weinberger, a director at Johnson & Johnson, acquired deferred share units under the company's Amended and Restated Deferred Fee Plan for Directors.

Summary

• On April 25, 2024, Mark A. Weinberger, a director of Johnson & Johnson, acquired 1,385.697 Deferred Share Units (DSUs) under the Issuer's Amended and Restated Deferred Fee Plan for Directors.
• These DSUs will be settled in cash upon the termination of Weinberger's directorship, with each DSU representing the fair market value of one share of Common Stock on the settlement date.
• Following this transaction, Weinberger beneficially owns 9,129.352 DSUs, which includes dividend equivalent rights accrued on the held DSUs.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating stable corporate governance practices. The sentiment is neutral to slightly positive as it reflects ongoing commitment to aligning director and shareholder interests.

Future Outlook

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

Industry Context

This filing is a routine disclosure of director compensation in the form of deferred share units, a common practice among publicly traded companies to align director interests with shareholder value.

Comparison to Industry Standards

• Deferred Share Units (DSUs) are a common form of compensation for directors in large, publicly traded companies like Johnson & Johnson.
• Companies such as Pfizer (PFE) and Merck (MRK) also utilize similar deferred compensation plans for their board members.
• The specific number of DSUs granted and the terms of the plan are generally in line with industry standards for director compensation at companies of similar size and complexity.

Stakeholder Impact

• The acquisition of deferred share units by a director aligns their interests with those of shareholders, potentially encouraging decisions that enhance long-term shareholder value.

Key Dates