Form 4: Goldman Sachs CFO Denis Coleman Reports Stock Transactions
SEC Form 4 Filing
Chief Financial Officer of Goldman Sachs, Denis P. Coleman, reports the acquisition and disposal of company stock related to performance-based restricted stock units.
Summary
- On April 30, 2025, Denis P. Coleman, the Chief Financial Officer of Goldman Sachs, reported transactions involving the company's common stock.
- These transactions involved the acquisition of 11,933 shares through the vesting of Performance-based Restricted Stock Units (PSUs) granted on January 19, 2022, as part of the 2021 year-end compensation.
- Coleman also disposed of 4,962 shares to cover withholding obligations at a price of $548.92 per share.
- Following these transactions, Coleman directly owns 28,133 shares and indirectly owns 4,118 shares through family trusts.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects routine transactions related to executive compensation. The vesting of PSUs suggests performance targets were met, which is mildly positive.
Positives
- The vesting of PSUs indicates that performance targets were likely met, which is a positive signal.
Future Outlook
The shares acquired through PSU vesting generally cannot be sold or transferred before January 2026.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units and performance-based awards to align management's interests with those of shareholders.
- The vesting and subsequent sale of shares to cover tax obligations is a common practice among executives at major financial institutions like Goldman Sachs, JP Morgan Chase, Morgan Stanley, and Citigroup.
- The specific terms of PSU grants, such as performance metrics and vesting schedules, vary across companies but generally aim to incentivize long-term value creation.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation practices.
- The vesting of PSUs suggests that management is incentivized to achieve performance targets, which benefits shareholders.
Key Dates
| Date | Description |
|---|---|
| January 19, 2022 | Date of grant for the Performance-based Restricted Stock Units (PSUs). |
| April 30, 2025 | Date of stock transactions (acquisition and disposal) related to PSU vesting. |
| May 02, 2025 | Date of filing the Form 4. |
| January 2026 | Date when the shares delivered from PSUs can be sold or transferred. |
Keywords
Goldman Sachs, Denis P. Coleman, Form 4, Stock Transactions, Performance-based Restricted Stock Units, GS
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