diff --git a/CHANGELOG.md b/CHANGELOG.md
index 6bd53426a5858a..fc4b518f8798e4 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -30,7 +30,8 @@ release.
 </tr>
 <tr>
     <td valign="top">
-<b><a href="doc/changelogs/CHANGELOG_V14.md#14.15.5">14.15.5</a></b><br/>
+<b><a href="doc/changelogs/CHANGELOG_V14.md#14.16.0">14.16.0</a></b><br/>
+<a href="doc/changelogs/CHANGELOG_V14.md#14.15.5">14.15.5</a><br/>
 <a href="doc/changelogs/CHANGELOG_V14.md#14.15.4">14.15.4</a><br/>
 <a href="doc/changelogs/CHANGELOG_V14.md#14.15.3">14.15.3</a><br/>
 <a href="doc/changelogs/CHANGELOG_V14.md#14.15.2">14.15.2</a><br/>
diff --git a/doc/api/http2.md b/doc/api/http2.md
index acdd7b130eec4f..3e4f66f8cd4c06 100644
--- a/doc/api/http2.md
+++ b/doc/api/http2.md
@@ -2054,7 +2054,7 @@ value only affects new connections to the server, not any existing connections.
 <!-- YAML
 added: v8.4.0
 changes:
-  - version: REPLACEME
+  - version: v14.16.0
     pr-url: https://github.com/nodejs-private/node-private/pull/250
     description: Added `unknownProtocolTimeout` option with a default of 10000.
   - version:
@@ -2203,7 +2203,7 @@ server.listen(80);
 <!-- YAML
 added: v8.4.0
 changes:
-  - version: REPLACEME
+  - version: v14.16.0
     pr-url: https://github.com/nodejs-private/node-private/pull/250
     description: Added `unknownProtocolTimeout` option with a default of 10000.
   - version:
@@ -2339,7 +2339,7 @@ server.listen(80);
 <!-- YAML
 added: v8.4.0
 changes:
-  - version: REPLACEME
+  - version: v14.16.0
     pr-url: https://github.com/nodejs-private/node-private/pull/250
     description: Added `unknownProtocolTimeout` option with a default of 10000.
   - version:
diff --git a/doc/changelogs/CHANGELOG_V14.md b/doc/changelogs/CHANGELOG_V14.md
index 1f8ce14befc567..4b938c5f58117c 100644
--- a/doc/changelogs/CHANGELOG_V14.md
+++ b/doc/changelogs/CHANGELOG_V14.md
@@ -11,6 +11,7 @@
 </tr>
 <tr>
 <td valign="top">
+<a href="#14.16.0">14.16.0</a><br/>
 <a href="#14.15.5">14.15.5</a><br/>
 <a href="#14.15.4">14.15.4</a><br/>
 <a href="#14.15.3">14.15.3</a><br/>
@@ -56,6 +57,29 @@
   * [io.js](CHANGELOG_IOJS.md)
   * [Archive](CHANGELOG_ARCHIVE.md)
 
+<a id="14.16.0"></a>
+## 2021-02-23, Version 14.16.0 'Fermium' (LTS), @BethGriggs
+
+This is a security release.
+
+### Notable changes
+
+Vulnerabilities fixed:
+
+* **CVE-2021-22883**: HTTP2 'unknownProtocol' cause Denial of Service by resource exhaustion
+  * Affected Node.js versions are vulnerable to denial of service attacks when too many connection attempts with an 'unknownProtocol' are established. This leads to a leak of file descriptors. If a file descriptor limit is configured on the system, then the server is unable to accept new connections and prevent the process also from opening, e.g. a file. If no file descriptor limit is configured, then this lead to an excessive memory usage and cause the system to run out of memory.
+* **CVE-2021-22884**: DNS rebinding in --inspect
+  * Affected Node.js versions are vulnerable to denial of service attacks when the whitelist includes “localhost6”. When “localhost6” is not present in /etc/hosts, it is just an ordinary domain that is resolved via DNS, i.e., over network. If the attacker controls the victim's DNS server or can spoof its responses, the DNS rebinding protection can be bypassed by using the “localhost6” domain. As long as the attacker uses the “localhost6” domain, they can still apply the attack described in CVE-2018-7160.
+* **CVE-2021-23840**: OpenSSL - Integer overflow in CipherUpdate
+  * This is a vulnerability in OpenSSL which may be exploited through Node.js. You can read more about it in https://www.openssl.org/news/secadv/20210216.txt
+
+### Commits
+
+* [[`313d26800c`](https://github.com/nodejs/node/commit/313d26800c)] - **deps**: update archs files for OpenSSL-1.1.1j (Daniel Bevenius) [#37412](https://github.com/nodejs/node/pull/37412)
+* [[`6098012b48`](https://github.com/nodejs/node/commit/6098012b48)] - **deps**: upgrade openssl sources to 1.1.1j (Daniel Bevenius) [#37412](https://github.com/nodejs/node/pull/37412)
+* [[`afea10b097`](https://github.com/nodejs/node/commit/afea10b097)] - **(SEMVER-MINOR)** **http2**: add unknownProtocol timeout (Daniel Bevenius) [nodejs-private/node-private#246](https://github.com/nodejs-private/node-private/pull/246)
+* [[`1ca3f5abcb`](https://github.com/nodejs/node/commit/1ca3f5abcb)] - **src**: drop localhost6 as allowed host for inspector (Matteo Collina) [nodejs-private/node-private#244](https://github.com/nodejs-private/node-private/pull/244)
+
 <a id="14.15.5"></a>
 ## 2021-02-09, Version 14.15.5 'Fermium' (LTS), @BethGriggs
 
diff --git a/src/node_version.h b/src/node_version.h
index 993caca8d7ad23..0f72abc0bf0302 100644
--- a/src/node_version.h
+++ b/src/node_version.h
@@ -23,13 +23,13 @@
 #define SRC_NODE_VERSION_H_
 
 #define NODE_MAJOR_VERSION 14
-#define NODE_MINOR_VERSION 15
-#define NODE_PATCH_VERSION 6
+#define NODE_MINOR_VERSION 16
+#define NODE_PATCH_VERSION 0
 
 #define NODE_VERSION_IS_LTS 1
 #define NODE_VERSION_LTS_CODENAME "Fermium"
 
-#define NODE_VERSION_IS_RELEASE 0
+#define NODE_VERSION_IS_RELEASE 1
 
 #ifndef NODE_STRINGIFY
 #define NODE_STRINGIFY(n) NODE_STRINGIFY_HELPER(n)