Form 4: Johnson & Johnson Executive Timothy Schmid Reports Stock Transactions
SEC Filing
EVP Timothy Schmid reports the vesting of Performance Share Units and related stock transactions.
Summary
- Timothy Schmid, an EVP at Johnson & Johnson, filed a Form 4 detailing changes in beneficial ownership of company stock.
- On February 14, 2025, Schmid vested 2,806 Performance Share Units (PSUs) which converted into common stock.
- 1,015 shares were withheld for payment of taxes upon the vesting of the PSUs at a price of $156.71.
- Following these transactions, Schmid directly owns 16,889 shares of Johnson & Johnson common stock.
- Schmid also indirectly owns 722 shares through a 401k and 46 shares through an ESOP as of January 31, 2025.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 02/14/2022 | Date of grant for the Performance Share Units (PSUs) under the Long-Term Incentive Plan. |
| 01/31/2025 | Most recent reporting date for the Johnson & Johnson Savings Plan (401k and ESOP). |
| 02/14/2025 | Date of transaction: Vesting of Performance Share Units (PSUs) and shares withheld for taxes. |
| 02/18/2025 | Date of Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Stock Transaction, Performance Share Units, JNJ, Johnson & Johnson, Schmid, Equity
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