Form 4: Goldman Sachs CFO Coleman Receives RSU Shares

Goldman Sachs Chief Financial Officer Denis P. Coleman acquired shares from vested Restricted Stock Units, with a portion withheld for tax obligations.

Summary

• Goldman Sachs CFO Denis P. Coleman acquired 5,249 shares of common stock on January 23, 2026, from the vesting of Restricted Stock Units (RSUs).
• These RSUs were awarded as compensation prior to 2025, and the shares were delivered without payment of any consideration.
• A total of 2,467 shares were withheld to satisfy tax withholding obligations related to the RSU vesting, at a price of $954.65 per share.
• Following these transactions, Mr. Coleman directly beneficially owns 21,262 shares of common stock.
• Additionally, 4,232 shares are indirectly held through trusts for immediate family members, with Mr. Coleman disclaiming beneficial ownership of these shares.

Sentiment

Score: 6

Explanation: The filing reports a routine, expected transaction related to executive compensation. The vesting of RSUs is a positive for the executive, indicating earned compensation, but the tax withholding is a standard part of the process. It doesn't indicate any new strategic direction or significant financial performance beyond the compensation structure.

Positives

• CFO Denis P. Coleman received 5,249 shares from vested Restricted Stock Units, indicating earned compensation.
• The vesting of RSUs demonstrates the company's commitment to its executive compensation structure.

Negatives

• 2,467 shares were withheld to cover tax obligations, reducing the net shares received by the CFO.

Future Outlook

NA

Industry Context

This is a routine insider transaction for executive compensation, common across the financial services industry where equity-based awards are a significant component of executive pay. It reflects the vesting schedule of previously granted Restricted Stock Units for a senior executive at a major investment bank.

Related Party Transactions

• 4,232 shares are indirectly held through trusts, the sole beneficiaries of which are immediate family members of the Reporting Person. The Reporting Person disclaims beneficial ownership of these shares.

Stakeholder Impact

• Shareholders: This transaction is a routine part of executive compensation and does not directly impact the company's operational performance or strategic direction. It reflects the dilution from equity compensation plans.
• Employees: Reflects the standard equity compensation practices for senior executives within the company.

Key Dates

Recommendation

This Form 4 filing details a routine, pre-scheduled executive compensation event involving the vesting of Restricted Stock Units and subsequent tax withholding. It provides no new information regarding the company's operational performance, strategic direction, or financial health that would warrant a change in investment recommendation. The transaction is an expected part of executive compensation and does not signal any material positive or negative developments for Goldman Sachs. Therefore, a 'hold' recommendation is appropriate, maintaining current positions based on broader company fundamentals rather than this specific insider filing.

Keywords

Goldman Sachs, GS, Denis P. Coleman, CFO, Form 4, SEC Filing, Restricted Stock Units, RSU, Stock Vesting, Insider Transaction, Executive Compensation, Share Ownership