Form 4: Johnson & Johnson Director Marillyn Hewson Acquires Deferred Share Units as Part of Compensation Plan

Johnson & Johnson Director Marillyn A. Hewson has acquired 322.103 Deferred Share Units (DSUs) as part of her compensation, reflecting a routine deferral of cash retainer.

Summary

• Marillyn A. Hewson, a Director at Johnson & Johnson (JNJ), acquired 322.103 Deferred Share Units (DSUs) on June 10, 2025.
• The acquisition was made under the Issuer's Amended and Restated Deferred Fee Plan for Directors, representing a deferral of her cash retainer.
• Each DSU represents the fair market value of one share of Common Stock, which was $155.23 at the time of the transaction.
• These DSUs are to be settled in cash upon the termination of Ms. Hewson's directorship.
• The total number of DSUs beneficially owned by Ms. Hewson following this transaction is 13,437.9807, which includes dividend equivalent rights accrued from the Issuer's quarterly dividends.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine, non-discretionary insider transaction related to compensation, rather than a strategic or performance-related announcement.

Positives

• The acquisition of Deferred Share Units by a director aligns their interests with those of shareholders, as the value of the DSUs is tied to the company's common stock performance.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction, focusing solely on the reported insider transaction.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically the acquisition of deferred compensation units by a director. Such transactions are common practice in corporate governance, aiming to align director incentives with long-term shareholder value. It does not provide broader insights into Johnson & Johnson's industry position or market trends.

Related Party Transactions

• The acquisition of Deferred Share Units by Marillyn A. Hewson, a Director of Johnson & Johnson, constitutes a related party transaction as it involves compensation from the company to an insider.

Stakeholder Impact

• Shareholders: The transaction aligns the director's financial interests with shareholders through equity-linked compensation, potentially fostering long-term value creation.
• Employees: No direct impact on general employees is indicated by this filing.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated by this filing.

Key Dates

Keywords

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