Wolk Joseph J 4

What Happened

• Joseph J. Wolk, EVP and Chief Financial Officer of Johnson & Johnson, exercised/converted a mix of stock options and vested equity awards and sold shares in mid‑February 2026. The filing shows he acquired a total of about 165,440 shares (including vested PSUs/RSUs and option exercises) and disposed of roughly 107,784 shares for aggregate proceeds of approximately $26.2 million.
• Notable cash amounts: Wolk paid about $8.19 million to exercise in‑the‑money options (19,241 @ $115.67; 12,066 @ $129.51; 33,386 @ $131.94). The open‑market sales on 2026‑02‑17 generated roughly $4.68M, $2.93M, $8.10M and $6.06M for those lots (weighted average sale prices reported). Smaller dispositions on 2026‑02‑13 and 02‑15 (tax withholding) totaled about $4.43M.

Key Details

• Transaction dates and prices: 2026‑02‑13, 02‑15 and 02‑17. Major option exercises on 02‑17 (exercise prices $115.67, $129.51, $131.94). Major sales on 02‑17 at weighted average prices ~ $242.68–$242.99 (footnotes list trade price ranges and weighted averages).
• Shares acquired vs sold: Acquired ≈165,440 shares; Sold ≈107,784 shares; net increase ≈57,656 shares. (The filing excerpt provided does not state total shares held after the transactions.)
• Footnotes / notable items: PSUs awarded 2/13/2023 converted on vesting (F1); several RSUs/awards from long‑term plans referenced (F3, F15). Shares were withheld to pay withholding taxes on vested awards (F2, F4). Some shares are held in a spousal lifetime access trust (F11). Several sales executed in multiple trades; weighted average prices reported (F7–F10).
• Filing timeliness: The filing is flagged as late (L) per the provided transactionTimeliness indicator.

Context

• This sequence is primarily an exercise/convert-and-sell pattern (cashless-style): Wolk exercised options / converted vested awards and sold portions of the resulting shares — a common way for executives to cover exercise costs and tax obligations while taking proceeds from vested equity.
• Tax‑withholding dispositions (F2, F4) are routine and do not necessarily indicate a change in sentiment. These are executive transactions (not a >10% owner institutional trade).