Form 4: Johnson & Johnson Executive John C. Reed Reports Stock Transactions
SEC Form 4 Filing
EVP John C. Reed reports the vesting of restricted share units and subsequent tax withholding.
Summary
- On February 15, 2025, John C. Reed, EVP at Johnson & Johnson, vested 1,350 restricted share units (RSUs) under the company's Long-Term Incentive Plan, converting them into common stock.
- These RSUs were initially awarded on February 15, 2024, and vest in three annual equal installments.
- On February 18, 2025, 385 shares of common stock were withheld for payment of taxes upon the vesting of the RSUs at a price of $156.15.
- Following these transactions, Reed directly owns 15,542 shares of Johnson & Johnson common stock and 2,698 restricted share units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and carries a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies like Johnson & Johnson. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 02/15/2024 | Date the Restricted Share Units (RSUs) were awarded under Issuer's Long-Term Incentive Plan. |
| 02/15/2025 | Date of RSU vesting and conversion to common stock (1,350 shares). |
| 02/18/2025 | Date shares were withheld for payment of taxes (385 shares). |
Keywords
Form 4, Beneficial Ownership, Restricted Share Units, JNJ, Johnson & Johnson, Executive Compensation, John C. Reed
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