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: Wolk Joseph J (Exec VP, CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-02-13	Common Stock	M	1779	—	Acquired	1779	Direct
2025-02-14	Common Stock	F	507	$155.26	Disposed	1272	Direct
2025-02-14	Common Stock	M	4014	—	Acquired	5286	Direct
2025-02-14	Common Stock	F	1144	$156.71	Disposed	4142	Direct
2025-02-15	Common Stock	M	1971	—	Acquired	6113	Direct
2025-02-18	Common Stock	F	768	$156.15	Disposed	5345	Direct
2025-02-14	Common Stock	M	15316	—	Acquired	20661	Direct
2025-02-14	Common Stock	F	6661	$156.71	Disposed	14000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-02-13	Restricted Share Units	$	M	1779	Disposed		Common Stock (1779)	Direct
2025-02-14	Restricted Share Units	$	M	4014	Disposed		Common Stock (4014)	Direct
2025-02-15	Restricted Share Units	$	M	1971	Disposed		Common Stock (1971)	Direct
2025-02-14	Performance Share Units	$	M	15316	Disposed		Common Stock (15316)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	68835	Indirect
Common Stock	2113	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: Held in a spousal lifetime access trust, of which the reporting person's spouse is the trustee and beneficiary.

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.