Michael H. Ullmann - 14 Feb 2022 Form 4 Insider Report for JOHNSON & JOHNSON (JNJ)

Role: Exec VP, General Counsel
Signature: Raavi K. Deol, as attorney-in-fact for Michael H. Ullmann
Issuer symbol: JNJ
Transactions as of: 14 Feb 2022
Transactions value $: $7,409,477
Form type: 4
Filing time: 17 Feb 2022, 05:00:35 UTC
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	JNJ	Common Stock	Options Exercise	$0	+13.2K	+8.68%	$0.00	165K	15 Feb 2022	Direct	F1
transaction	JNJ	Common Stock	Tax liability	-$1.03M	-6.21K	-3.76%	$165.89	159K	15 Feb 2022	Direct	F2
holding	JNJ	Common Stock						433	14 Feb 2022	By 401k	F3
holding	JNJ	Common Stock						1.29K	14 Feb 2022	By ESOP	F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	JNJ	Employee Stock Options (Right to Buy)	Award	$8.44M	+50.9K		$165.89	50.9K	14 Feb 2022	Common Stock	50.9K		Direct	F5
transaction	JNJ	Restricted Share Units	Award	$0	+2.58K		$0.00	2.58K	14 Feb 2022	Common Stock	2.58K		Direct	F6
transaction	JNJ	Performance Share Units	Options Exercise	$0	-13.2K	-91.3%	$0.00	1.26K	15 Feb 2022	Common Stock	13.2K		Direct	F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Performance Share Units awarded under Issuer's Long-Term Incentive Plan on February 11, 2019; converted into shares of Common Stock upon vesting.
F2	Shares withheld for payment of taxes upon vesting of Performance Share Units.
F3	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 (1/31/2022).
F4	Shares held by ESOP under the Johnson & Johnson Savings Plan as of the Plan's most recent reporting date (1/31/2022).
F5	Awarded under Issuer's Long-Term Incentive Plan.
F6	Awarded under Issuer's Long-Term Incentive Plan. Each Restricted Share Unit represents a contingent right to receive one share of Common Stock and vests three years after date of grant.
F7	Performance Share Units awarded under Issuer's Long-Term Incentive Plan on February 11, 2019. A portion of these Performance Share Units have been forfeited.