Form 4: Johnson & Johnson Executive Broadhurst Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Vanessa Broadhurst, EVP at Johnson & Johnson, reports acquisition of performance share units and revisions to previously granted units due to performance conditions.
Summary
- Vanessa Broadhurst, an Executive Vice President at Johnson & Johnson, filed a Form 4 detailing changes in her beneficial ownership of the company's securities.
- The report indicates that on February 10, 2025, Ms. Broadhurst acquired 2,910 Performance Share Units (PSUs).
- These PSUs were awarded under Johnson & Johnson'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.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. The forfeiture of some PSUs is a minor negative, but overall, it's a standard disclosure.
Negatives
- Some Performance Share Units, originally granted on February 14, 2022, were forfeited due to unmet performance conditions.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies like Johnson & Johnson.
Stakeholder Impact
- The forfeiture of some PSUs may have a minor negative impact on Ms. Broadhurst's compensation.
Key Dates
| Date | Description |
|---|---|
| 02/14/2022 | Original grant date of Performance Share Units under the Long-Term Incentive Plan |
| 02/10/2025 | Date of transaction: Acquisition of 2,910 Performance Share Units |
| 02/12/2025 | Date of signature for the Form 4 filing |
| 02/14/2025 | Expiration date of the Performance Share Units |
Keywords
Form 4, Beneficial Ownership, Performance Share Units, Long-Term Incentive Plan, Johnson & Johnson, Broadhurst, JNJ
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