Form 4: Johnson & Johnson Executive James D. Swanson Reports Changes in Beneficial Ownership
SEC Form 4 Filing
EVP and CIO James D. Swanson reports acquisition of Performance Share Units (PSUs) and adjustments due to forfeited PSUs based on performance conditions.
Summary
- James D. Swanson, EVP and CIO of Johnson & Johnson, filed a Form 4 to report changes in beneficial ownership.
- The report details the acquisition of 3,118 Performance Share Units (PSUs) on February 10, 2025.
- 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 detailing changes in beneficial ownership. The forfeiture of some PSUs is a slightly negative aspect, but overall the document is informational.
Negatives
- Some Performance Share Units (PSUs) 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.
Stakeholder Impact
- Shareholders may be interested in executive compensation and ownership changes.
Key Dates
| Date | Description |
|---|---|
| 02/14/2022 | Original grant date of Performance Share Units (PSUs) under the Long-Term Incentive Plan |
| 02/10/2025 | Transaction date for the acquisition of 3,118 Performance Share Units (PSUs) |
| 02/12/2025 | Date of signature for the Form 4 filing |
| 02/14/2025 | Date exercisable for Performance Share Units (PSUs) |
Keywords
Form 4, Beneficial Ownership, Performance Share Units, Long-Term Incentive Plan, Executive Compensation, JNJ, Johnson & Johnson, Swanson, PSU
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.