Mulholland Kristen 4

What Happened
Kristen Mulholland, Executive Vice President and Chief Human Resources Officer of Johnson & Johnson (JNJ), received a grant of 3,602 performance share units (PSUs) on February 9, 2026. The PSUs are reported as a derivative award with an acquisition price of $0.00; they convert into shares of common stock only upon vesting per the award terms. This is a compensation award (transaction code A), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-02-09; Filing date: 2026-02-11 (filed timely).
• Award: 3,602 PSUs reported at $0.00 acquisition price (derivative).
• Shares owned after transaction: Not disclosed in this Form 4.
• Footnotes:
  • F1: PSUs were originally granted under the issuer's Long‑Term Incentive Plan on Feb 13, 2023 and convert into common stock upon vesting.
  • F2: The reported 3,602 PSUs reflect the target number adjusted for performance achievement as certified on Feb 9, 2026.
• Transaction code: A = Award/Grant (derivative).

Context
PSUs are conditional long‑term compensation that vest into actual shares only if performance and/or service conditions are met; this award reflects certification of performance outcomes and does not represent an immediate cash transaction or open‑market activity. Such grants are routine for senior executives and are primarily compensation rather than a direct signal of buying or selling.