Form 4: Johnson & Johnson Executive Jennifer Taubert Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Jennifer Taubert, EVP at Johnson & Johnson, reports changes in beneficial ownership related to Performance Share Units.
Summary
- Jennifer Taubert, an Executive Vice President at Johnson & Johnson, filed a Form 4 to report changes in her beneficial ownership of the company's securities.
- The report details the acquisition of 15,465 Performance Share Units (PSUs) on February 10, 2025, which convert into common stock on February 14, 2025.
- These PSUs were awarded under Johnson & Johnson's Long-Term Incentive Plan on February 14, 2022.
- The total number of PSUs was revised to reflect forfeitures based on performance conditions.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Negatives
- Some Performance Share Units, originally granted on February 14, 2022, were forfeited due to unmet performance conditions.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| February 14, 2022 | Original grant date of Performance Share Units under the Long-Term Incentive Plan |
| February 10, 2025 | Transaction date for the acquisition of Performance Share Units |
| February 12, 2025 | Date of signature for the Form 4 filing |
| February 14, 2025 | Date Performance Share Units convert into common stock |
Keywords
Form 4, Beneficial Ownership, Performance Share Units, Johnson & Johnson, JNJ, Jennifer Taubert, Long-Term Incentive Plan
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