Mulholland Kristen 4

What Happened

• Kristen Mulholland, EVP & Chief HR Officer of Johnson & Johnson, auto‑exercised 5,625 stock options that were set to expire. The exercise shows an aggregate exercise price of $101.87 per option (total $573,019). To cover the exercise price and tax withholding, 3,335 shares were withheld (disposed) at a market price of $239.99 per share (value reported $800,367). Net result: 2,290 additional JNJ shares retained by Mulholland.

Key Details

• Transaction date: 2026-02-06; Form 4 filed: 2026-02-09 (timely filing).
• Options exercised: 5,625 at an exercise price of $101.87 (total $573,019).
• Shares withheld/sold to cover taxes and exercise costs: 3,335 at $239.99 (value $800,367).
• Net shares retained: 5,625 − 3,335 = 2,290 shares.
• Shares owned after transaction: not specified in the Form 4.
• Footnotes: F1 = options were auto‑exercised immediately prior to expiration; F2 = shares withheld to pay exercise price and taxes.
• Transaction codes: M = option exercise/conversion; F = payment of exercise price/tax withholding.

Context

• This was an option exercise with shares withheld to satisfy taxes/exercise costs—commonly a cashless or net‑settlement of options—rather than an open‑market sale for personal liquidity. Such withholding is routine and does not necessarily signal a change in the insider’s view of the company.