Earnings Feed
Start Free
JOHNSON & JOHNSON·4

Feb 18, 9:12 PM ET

Wengel Kathryn E 4

Research Summary

AI-generated summary

Updated

Johnson & Johnson (JNJ) EVP Kathryn Wengel Exercises Awards; Shares Withheld

What Happened

  • Kathryn E. Wengel, EVP and Chief TO and Risk Officer at Johnson & Johnson, had restricted/ performance equity convert to common stock on Feb 13 and Feb 15, 2026 (reported on a Form 4 filed 2026-02-18). She acquired 15,598 shares via conversion/exercise of derivative awards and had 7,266 shares withheld to satisfy tax withholding, generating proceeds (withheld value) of approximately $1,776,202. In addition, Wengel received new RSU grants on Feb 15, 2026 totaling 18,162 RSUs (these are awards that vest in future periods).

Key Details

  • Transaction dates/prices:
    • Feb 13, 2026: Converted 14,357 shares (651 + 13,706); 6,631 shares withheld for taxes at $244.55 per share (withheld value ≈ $1,621,611).
    • Feb 15, 2026: Converted 1,241 shares (606 + 635); 635 shares withheld for taxes at $243.45 per share (withheld value ≈ $154,591).
    • Total converted/acquired: 15,598 shares. Total withheld for taxes: 7,266 shares (≈ $1,776,202).
    • New grants (awards) on Feb 15, 2026: 16,945 RSUs and 1,217 RSUs (total 18,162 RSUs) — these are subject to multi‑year vesting.
  • Shares owned after the transaction: not specified in the filing.
  • Notable footnotes: conversions relate to RSUs/PSUs awarded under the company’s Long‑Term Incentive Plan (some awards dated 2/13/2023); shares were withheld to cover tax obligations (cashless/withholding treatment). RSU grants vest in three equal annual installments (see footnotes F1, F3, F11, F2/F4 for withholding).
  • Filing timeliness: Form filed 2026-02-18 covering transactions on 2/13 and 2/15/2026; the filing does not indicate a late‑file (“L”) flag in the materials provided here.

Context

  • These transactions are compensation‑related (vesting/conversion of RSUs/PSUs and new RSU awards) rather than open‑market buys or discretionary sales. The withholding of shares to satisfy taxes is a routine, administrative step (cashless/withholding) and does not necessarily signal a change in insider sentiment. Purchases (buys) tend to be more informative than routine vesting/withholding events.