Johnson & Johnson Executives Sell Over $16M in Company Stock

Two high-ranking executives at Johnson & Johnson have sold significant shares of company stock in recent days. EVP, Chief Legal Officer Forminard Elizabeth sold a total of 15,918 shares on August 6th for $4,090,959, with an average price of $257.07 per share. Following the sale, she directly owns 16,994 shares.

Meanwhile, CEO and Chairman of the Board Duato Joaquin sold a total of 48,480 shares on August 5th for $12,515,010, with reported weighted average prices ranging from $258.056 to $258.739 per share. After the sale, he directly owns 275,967 shares and indirectly owns 31,870 shares.

The sales come as Johnson & Johnson's stock price has been steadily increasing over the past year. The company's strong financial performance has contributed to its growing value on the market.