Forminard Elizabeth 4

What Happened

• Elizabeth Forminard, EVP and Chief Legal Officer of Johnson & Johnson (JNJ), received an award of 13,706 performance share units (PSUs) reported as a derivative acquisition on Feb 9, 2026. The reported grant price is $0.00 because these are PSUs that convert into common stock only upon vesting and settlement.

Key Details

• Transaction date: 2026-02-09; Form 4 filed: 2026-02-11 (filed within the standard reporting window).
• Transaction type/code: Award/Grant (A) — 13,706 PSUs @ $0.00 (derivative).
• Shares owned after transaction: not specified in the provided filing data.
• Footnotes: F1 — PSUs were originally granted under the company’s Long-Term Incentive Plan on Feb 13, 2023 and convert to common stock upon vesting. F2 — The 13,706 figure reflects the target number adjusted and certified on Feb 9, 2026 based on achieved performance conditions.
• No 10b5-1 plan, tax-withholding sale, or immediate sale of underlying shares is indicated in the filing.

Context

• PSUs are conditional awards tied to performance and time; they do not represent immediate share ownership or a cash purchase. They only become actual shares (and potentially taxable) if and when vesting and other conditions are met.
• This is an award grant (not a buy or sell), so it should be read as compensation/long-term incentive activity rather than an insider bullish or bearish trade signal.