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

Elizabeth Forminard, Executive VP and General Counsel of Johnson & Johnson, reports changes in beneficial ownership related to Performance Share Units (PSUs).

Summary

• Elizabeth Forminard, an Executive VP and General Counsel at Johnson & Johnson, filed a Form 4 to report changes in her beneficial ownership of company securities.
• The reported transaction involves Performance Share Units (PSUs) awarded under the company's Long-Term Incentive Plan on February 14, 2022.
• On February 10, 2025, Forminard acquired 1,352 PSUs.
• The total number of PSUs was revised to reflect forfeitures based on performance conditions set forth in the award agreement.
• Following the reported transaction, Forminard beneficially owns 1,352 derivative securities directly.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reflects routine executive compensation adjustments and ownership reporting.

Industry Context

This filing is a routine disclosure related to executive compensation and equity ownership, common for publicly traded companies like Johnson & Johnson. It provides transparency into the holdings of key personnel.

Stakeholder Impact

• The filing provides transparency to shareholders regarding executive compensation and equity ownership.
• It assures stakeholders that executive compensation is tied to performance through the Long-Term Incentive Plan.

Key Dates

Keywords

Form 4, beneficial ownership, Performance Share Units, JNJ, Johnson & Johnson, Elizabeth Forminard, Long-Term Incentive Plan, securities