JOHNSON & JOHNSON — Director's Dealing 2025

Feb 19, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON & JOHNSON (JNJ)
CIK: 0000200406
Period of Report: 2025-02-13

Reporting Person: Wengel Kathryn E (EVP, Chief TO and Risk Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-02-13	Common Stock	M	651	—	Acquired	89602.8735	Direct
2025-02-14	Common Stock	F	223	$155.26	Disposed	89379.8735	Direct
2025-02-14	Common Stock	M	1530	—	Acquired	90909.8735	Direct
2025-02-14	Common Stock	F	480	$156.71	Disposed	90429.8735	Direct
2025-02-15	Common Stock	M	607	—	Acquired	91036.8735	Direct
2025-02-18	Common Stock	F	200	$156.15	Disposed	90836.8735	Direct
2025-02-14	Common Stock	M	5837	—	Acquired	96673.8735	Direct
2025-02-14	Common Stock	F	2393	$156.71	Disposed	94280.8735	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-02-13	Restricted Share Units	$	M	651	Disposed		Common Stock (651)	Direct
2025-02-14	Restricted Share Units	$	M	1530	Disposed		Common Stock (1530)	Direct
2025-02-15	Restricted Share Units	$	M	607	Disposed		Common Stock (607)	Direct
2025-02-14	Performance Share Units	$	M	5837	Disposed		Common Stock (5837)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	281	Indirect
Common Stock	75	Indirect

Footnotes

F1: Awarded under Issuer's Long-Term Incentive Plan. The Restricted Share Units (RSUs) awarded on February 13, 2023 vest in three annual equal installments beginning on the first anniversary of the grant date. The RSUs convert into shares of Common Stock upon vesting.

F2: Shares withheld for payment of taxes upon vesting of RSUs.

F3: Awarded under Issuer's Long-Term Incentive Plan. The RSUs awarded on February 14, 2022 vest three years after date of grant. The RSUs convert into shares of Common Stock upon vesting.

F4: Awarded under Issuer's Long-Term Incentive Plan. The RSUs awarded on February 15, 2024 vest in three annual equal installments beginning on the first anniversary of the grant date. The RSU convert into shares of Common Stock upon vesting.

F5: Performance Share Units (PSUs) awarded under Issuer's Long-Term Incentive Plan on February 14, 2022. The PSUs convert into shares of Common Stock upon vesting.

F6: Shares withheld for payment of taxes upon vesting of PSUs.

F7: Shares held by ESOP under the Johnson & Johnson Savings Plan as of the Plan's most recent reporting date (1/31/2025).

F8: Includes shares accrued due to dividend reinvestment in the Johnson & Johnson Stock Fund under the Johnson & Johnson Savings Plan as of the Plan's most recent reporting date (1/31/2025).

F9: Each RSU represents a contingent right to receive one share of Company Common Stock.