Form 4: Johnson & Johnson Executive Reports Changes in Beneficial Ownership

Robert J. Decker, VP Corporate Controller at Johnson & Johnson, reports changes in beneficial ownership of company securities.

Summary

• Robert J. Decker, VP Corporate Controller of Johnson & Johnson, filed a Form 4 with the SEC.
• The filing reports changes in beneficial ownership of Johnson & Johnson securities.
• The transaction date is February 10, 2025.
• The filing indicates the acquisition of 1,351 Performance Share Units (PSUs).
• These PSUs were awarded under the Issuer'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 routine regulatory filing, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and equity ownership, common among publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages including performance share units are a common practice among large, publicly traded companies like Johnson & Johnson.
• Companies such as Pfizer (PFE), Merck (MRK), and AbbVie (ABBV) also utilize similar long-term incentive plans to align executive interests with shareholder value.
• The specific terms and conditions of these plans, including performance metrics and vesting schedules, can vary significantly across companies.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and equity ownership.
• It assures stakeholders that executives' interests are aligned with the company's long-term performance.

Key Dates

Keywords

Form 4, beneficial ownership, Johnson & Johnson, JNJ, Robert J. Decker, Performance Share Units, Long-Term Incentive Plan, SEC