Hubert Joly receives 975 Johnson & Johnson DSUs (NYSE: JNJ)

Rhea-AI Filing Summary

Joly Hubert reported acquisition or exercise transactions in this Form 4 filing.

JOHNSON & JOHNSON director Hubert Joly received a new equity-based award. On this Form 4, he was granted 975 Deferred Share Units (DSUs) tied to Johnson & Johnson common stock, increasing his DSU holdings to 9,183.605 units.

The DSUs were awarded at a stated price of $0.00 per unit under the company’s Amended and Restated Deferred Fee Plan for Directors. According to the disclosure, these DSUs will be settled in cash when Joly’s board service ends, with each DSU representing the fair market value of one share of common stock on the settlement date and including dividend equivalent rights that accrue with the company’s quarterly dividends.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Joly Hubert

Role null

Type	Security	Shares	Price	Value
Grant/Award	Deferred Share Units	975	$0.00	--

Holdings After Transaction: Deferred Share Units — 9,183.605 shares (Direct, null)

Footnotes (1)

1. Grant of Deferred Share Units (DSU) acquired under the Issuer's Amended and Restated Deferred Fee Plan for Directors are to be settled in cash upon termination of the Reporting Person's directorship (with each DSU representing the fair market value of one share of Common Stock on the settlement date). Includes dividend equivalent rights in connection with the Issuer's quarterly dividend and accrued to the Reporting Person on DSUs held by the Reporting Person.

Key Figures

DSUs granted: 975 Deferred Share Units DSUs after transaction: 9,183.605 Deferred Share Units Grant price per DSU: $0.00 per unit +1 more

4 metrics

DSUs granted 975 Deferred Share Units Grant on 2026-04-23 under director deferred fee plan

DSUs after transaction 9,183.605 Deferred Share Units Total DSU holdings following the grant

Grant price per DSU $0.00 per unit Stated transaction price for DSU award

Underlying security 975 shares of Common Stock Each DSU corresponds to one share equivalent on settlement

Key Terms

Deferred Share Units, Amended and Restated Deferred Fee Plan for Directors, dividend equivalent rights

3 terms

Deferred Share Units financial

"Grant of Deferred Share Units (DSU) acquired under the Issuer's Amended and Restated Deferred Fee Plan for Directors"

Deferred share units are promises that give an executive or director the right to receive company shares or their cash value at a future date, often when they retire or leave the company. Think of them as a paycheck held in a savings account that converts into stock later; they matter to investors because they tie pay to long-term performance, create potential future dilution of shares, and represent a delayed cash or share obligation the company must eventually fulfill.

Amended and Restated Deferred Fee Plan for Directors financial

"acquired under the Issuer's Amended and Restated Deferred Fee Plan for Directors"

dividend equivalent rights financial

"Includes dividend equivalent rights in connection with the Issuer's quarterly dividend"

Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Joly Hubert

(Last) (First) (Middle)

ONE JOHNSON & JOHNSON PLAZA

(Street)

NEW BRUNSWICK NEW JERSEY 08933

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
JOHNSON & JOHNSON [ JNJ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/23/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Deferred Share Units	(1)	04/23/2026		A		975		(1)	(1)	Common Stock	975	$0	9,183.605(2)	D

Explanation of Responses:

1. Grant of Deferred Share Units (DSU) acquired under the Issuer's Amended and Restated Deferred Fee Plan for Directors are to be settled in cash upon termination of the Reporting Person's directorship (with each DSU representing the fair market value of one share of Common Stock on the settlement date).

2. Includes dividend equivalent rights in connection with the Issuer's quarterly dividend and accrued to the Reporting Person on DSUs held by the Reporting Person.

Remarks:

	/s/ Joleen Morgan, as attorney-in-fact for Hubert Joly	04/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did Johnson & Johnson (JNJ) director Hubert Joly report on this Form 4?

Hubert Joly reported receiving 975 Deferred Share Units (DSUs) linked to Johnson & Johnson common stock. This grant raised his total DSU holdings to 9,183.605 units, as disclosed in the filing, and reflects compensation awarded for his service as a director.

How many Deferred Share Units does Hubert Joly hold after this Johnson & Johnson (JNJ) award?

After the reported grant, Hubert Joly holds 9,183.605 Deferred Share Units. This total includes the 975 newly granted DSUs plus prior awards and associated dividend equivalent rights that accrue on DSUs when Johnson & Johnson pays its regular quarterly dividends.

Are Hubert Joly’s Johnson & Johnson (JNJ) Deferred Share Units settled in stock or cash?

Joly’s Deferred Share Units are settled in cash when his directorship ends. Each DSU represents the fair market value of one Johnson & Johnson common share on the settlement date, rather than delivering actual shares, according to the plan’s terms described in the filing.

What plan governs Hubert Joly’s Deferred Share Units at Johnson & Johnson (JNJ)?

The DSUs are granted under Johnson & Johnson’s Amended and Restated Deferred Fee Plan for Directors. This plan awards DSUs for director compensation, which are later settled in cash based on the fair market value of Johnson & Johnson common stock at the time of settlement.

Do Hubert Joly’s Johnson & Johnson (JNJ) Deferred Share Units earn dividends?

Yes, Joly’s DSUs carry dividend equivalent rights. When Johnson & Johnson pays its quarterly dividend, additional DSU amounts accrue to him as dividend equivalents, increasing his DSU balance over time in line with the company’s dividend payments.