Johnson & Johnson Director Daniel E. Pinto Acquires Deferred Share Units via Retainer Deferral

Executive Summary

On September 10, 2026, a Form 4 was filed for Johnson & Johnson ($JNJ) by Director Daniel E. Pinto. The filing reports an acquisition of 113.098 Deferred Share Units (DSUs) on September 8, 2026, at a price of $276.31 per unit, representing a total value of approximately $31,249.11.

Transaction Details

• Security: Deferred Share Units (convertible into common stock cash equivalent upon termination of directorship)
• Transaction Code: A (Acquisition via company compensation plan)
• Context: The transaction reflects the deferral of director cash retainer fees under the Issuer's Amended and Restated Deferred Fee Plan for Directors.
• Ending Balance: Following the transaction, Mr. Pinto beneficially holds 2,445.177 DSUs, which also includes accrued dividend equivalent rights.

Market & Governance Impact

This filing represents standard non-employee director compensation where cash retainer fees are converted into deferred equity units. As an administrative deferral rather than an open-market purchase or sale, it carries Low predictive significance for the company's standalone stock performance.