Johnson & Johnson Chief Legal Officer Forminard Exercises 13,072 Options and Sells Same Day for About $3.72 Million
A Form 4 filed with the U.S. Securities and Exchange Commission on November 13 shows that Elizabeth Forminard, Executive Vice President and Chief Legal Officer of Johnson & Johnson, on November 12 exercised employee stock options for 13,072 shares at $151.41 per share and sold the same 13,072 shares the same day at $284.39 per share, for about $3.72 million. After the sale she directly held 16,994 Johnson & Johnson shares.
Exercising options and selling the acquired shares the same day is a common way for executives to handle maturing options, and the number of shares sold exactly matched the number exercised. The filing shows the options came from the company's long-term incentive plan. Executives at Chevron and Coca-Cola filed similar exercise-and-sell Form 4s in the same period, for 6,000 and 15,000 shares respectively, which GSM is not publishing as separate stories.
(Source: U.S. Securities and Exchange Commission)
Source: U.S. Securities and Exchange Commission
Published by GSM · USA (original Chinese edition)
Photo: 图：强生公司总部大楼（位于新泽西州New Brunswick，Wikimedia Commons，公共领域）。 / Photo: Johnson & Johnson headquarters in New Brunswick, New Jersey (Wikimedia Commons, public domain).
