Form 4: Johnson & Johnson Director Eugene Woods Acquires Deferred Share Units

Johnson & Johnson Director Eugene A. Woods acquired 231.318 Deferred Share Units (DSUs) on June 10, 2025, as part of the company's director compensation plan.

Summary

• Eugene A. Woods, a Director at Johnson & Johnson (JNJ), acquired 231.318 Deferred Share Units (DSUs).
• The transaction occurred on June 10, 2025.
• The DSUs were acquired at a price of $155.23 per unit, representing the fair market value of one share of Common Stock.
• This acquisition is part of the Issuer's Amended and Restated Deferred Fee Plan for Directors, allowing for the deferral of cash retainer.
• DSUs are to be settled in cash upon the termination of Mr. Woods' directorship.
• The reported beneficial ownership of DSUs by Mr. Woods following this transaction is 4,597.2422 units.
• The total DSU holdings include dividend equivalent rights accrued in connection with Johnson & Johnson's quarterly dividends.

Sentiment

Score: 6

Explanation: The sentiment is mildly positive as it indicates a director's continued alignment with shareholder interests through equity-based compensation, which is a standard and healthy corporate governance practice. It is not significantly impactful on its own.

Positives

• The acquisition of Deferred Share Units by a director aligns the director's interests with those of shareholders, as the value of the DSUs is tied to the company's common stock performance.
• Participation in the Deferred Fee Plan indicates a commitment from the director to long-term engagement with the company.

Future Outlook

The document does not contain specific forward-looking statements or guidance regarding the company's future performance, as it is a transaction-specific filing.

Industry Context

This Form 4 filing reflects a routine compensation-related transaction for a director, common across publicly traded companies. It does not provide broader insights into Johnson & Johnson's industry position or market trends, but rather details an individual's equity holdings and compensation structure.

Corporate Governance

Related Party Transactions

• The acquisition of Deferred Share Units by Eugene A. Woods, a director of Johnson & Johnson, from the company itself, constitutes a related party transaction as it involves compensation arrangements between the company and a member of its board.

Stakeholder Impact

• Shareholders: The transaction aligns the director's financial interests with those of shareholders, as the value of the DSUs is tied to the company's stock performance, potentially encouraging decisions that enhance long-term shareholder value.

Key Dates

Keywords

Johnson & Johnson, JNJ, SEC Form 4, Deferred Share Units, DSU, Director Compensation, Insider Transaction, Equity Acquisition, Corporate Governance