Form 4: Johnson & Johnson Executive Timothy Schmid Reports Changes in Beneficial Ownership
SEC Form 4 Filing
EVP Timothy Schmid reports acquisition of performance share units and forfeiture of previously granted units based on performance conditions.
Summary
- Timothy Schmid, EVP, WW Chair, MedTech at Johnson & Johnson, filed a Form 4.
- The filing reports a transaction date of February 10, 2025.
- Schmid acquired 2,806 Performance Share Units (PSUs) on February 10, 2025.
- These PSUs are related to the Issuer's Long-Term Incentive Plan awarded 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 standard regulatory filing, with neutral sentiment. It reports routine transactions related to executive compensation.
Negatives
- Certain Performance Share Units, originally granted on February 14, 2022, were forfeited based on performance conditions.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in Timothy Schmid's holdings of Johnson & Johnson securities.
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 | Date of transaction: acquisition of 2,806 Performance Share Units |
| February 12, 2025 | Date of signature for the Form 4 filing |
| February 14, 2025 | Date exercisable for 2,806 Performance Share Units |
Keywords
Form 4, beneficial ownership, Johnson & Johnson, JNJ, Timothy Schmid, Performance Share Units, Long-Term Incentive Plan, forfeiture
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