Woods Eugene A. 4

What Happened Eugene A. Woods, a director of Johnson & Johnson (JNJ), was granted 154.869 Deferred Share Units (DSUs) on 2026-03-10. The DSUs were recorded at $242.14 per unit, totaling $37,500. This was an award/acquisition under the company's director deferred fee plan (a compensation grant), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-10 (reported on Form 4 filed 2026-03-12). Filing appears timely.
• Transaction type: A (award/acquisition of a derivative security — DSUs).
• Units granted: 154.869 DSUs at $242.14 per unit = $37,500 total.
• Shares owned after transaction: Not reported in the provided filing details.
• Footnotes:
  • F1: DSUs were acquired in lieu of cash retainer and will be settled in cash upon the director's termination; each DSU equals the fair market value of one share at settlement.
  • F2: DSUs include dividend equivalent rights credited on DSUs.
• No 10b5‑1 plan, tax-withholding sale, or immediate share disposition was indicated.

Context This is routine board compensation: DSUs are a cash‑settled derivative that track JNJ share value and are paid out when the director leaves the board. Such awards are common for non-employee directors and do not create new JNJ shares outstanding. The $37.5k award is a modest, typical director retainer deferral rather than a directional insider purchase or sale signal.