Form 4: Goldman Sachs Chief Risk Officer Brian J. Lee Reports Stock Transactions
SEC Form 4 Filing
Brian J. Lee, Chief Risk Officer of Goldman Sachs, reports the vesting and subsequent tax withholding of performance-based restricted stock units.
Summary
- On April 30, 2024, Brian J. Lee, the Chief Risk Officer of Goldman Sachs, reported transactions involving the company's common stock.
- 6,584 shares were acquired through the vesting of performance-based restricted stock units (PSUs) granted on January 20, 2021, as part of the 2020 year-end compensation.
- 3,362 shares were withheld to cover withholding tax obligations related to the PSU vesting at a price of $430.81.
- Following these transactions, Lee directly owns 15,595 shares and indirectly owns 14,308 shares through a trust.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a company executive, with no indication of unusual or concerning activity.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock. This provides transparency to the market regarding the actions of those with access to inside information.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine compensation-related activities.
Key Dates
| Date | Description |
|---|---|
| 01/20/2021 | Date of grant for Performance-based Restricted Stock Units (PSUs). |
| 04/30/2024 | Date of stock transactions (vesting of PSUs and tax withholding). |
| 05/02/2024 | Date of signature on the Form 4 filing. |
| 01/2026 | Date shares from PSUs can be sold or transferred. |
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