Johnson & Johnson EVP Elizabeth Forminard Sells Shares Worth Over $4 Million

Johnson & Johnson (NYSE:JNJ) executive vice president Elizabeth Forminard has sold 15,918 shares of company stock in a transaction dated August 6th. The shares were sold at an average price of $257.00, resulting in a total sale of $4,090,926. Following the sale, Forminard directly owned 16,994 shares of JNJ stock, valued at $4,367,458.

The transaction represents a 48.37% decrease in Forminard's ownership of JNJ stock. The company recently announced a quarterly dividend of $1.34 per share, paid on September 8th to shareholders of record as of August 25th. This dividend payout ratio is 62.11%, with the firm's market capitalization standing at approximately $624.23 billion.

Johnson & Johnson has seen its stock price rise to $259.03 after trading up $2.05 on Friday, with a trading volume of 6,529,145 shares compared to its average volume of 8,388,591. The company's pharmaceuticals business focuses on prescription medicines across therapeutic areas such as immunology, infectious disease, oncology, and neuroscience.