Mulholland Kristen 4

What Happened

• Kristen Mulholland, EVP & Chief Human Resources Officer at Johnson & Johnson, had derivative awards convert into common stock and received new RSU awards. On Feb 13 and Feb 15, 2026 she converted a total of 5,006 derivative units (RSUs/PSUs/options converted to shares; transaction code M). To cover tax withholding, 1,585 shares were surrendered (transaction code F) yielding $387,146. On Feb 15 she was also granted new RSU awards totaling 21,781 RSUs (transaction code A), which vest per the company’s long-term incentive plan.

Key Details

• Dates and amounts:
  • Feb 13, 2026: Converted 4,012 derivative units (410 + 3,602); 1,162 shares withheld for taxes (135 + 1,027) for proceeds of $284,167.
  • Feb 15, 2026: Converted 994 derivative units (419 + 575); 423 shares withheld for taxes (172 + 251) for proceeds of $102,979.
  • Feb 15, 2026: New RSU awards granted: 20,322 RSUs and 1,459 RSUs (total 21,781).
• Total converted (acquired) from derivatives: 5,006 shares.
• Total shares withheld for taxes (disposed): 1,585 shares; total value reported for withholding: $387,146.
• Transaction codes: M = exercise/conversion of derivative; F = shares withheld for taxes; A = grant/award.
• Footnotes: Conversions relate to RSUs and PSUs awarded under the company’s Long-Term Incentive Plan (noted vesting schedules in filing). Withheld shares were used to satisfy tax liabilities upon vesting.
• Shares owned after transaction: not specified in the summary data provided here—see the Form 4 filing for the "Amount Beneficially Owned Following Reported Transaction."
• Timeliness: Form filed Feb 18, 2026 for transactions dated Feb 13 & Feb 15, 2026. The filing date appears to be within a few business days; check the official Form 4 for any late-filing flag.

Context

• These were vesting/conversion events and grant awards rather than open-market purchases or discretionary sales. The $0 exercise price entries indicate RSU/PSU vesting or conversion (no cash purchase price); shares were withheld to cover tax obligations (a common practice, not an active sale for investment purposes).
• Awards (A) are forward-looking compensation (subject to vesting) and do not represent an immediate market purchase.
• Such withholding disposals are routine and typically reflect tax withholding rather than a decision to sell for investment reasons.