Form 4: Goldman Sachs Director Jan E. Tighe Receives Restricted Stock Units

Director Jan E. Tighe of Goldman Sachs Group Inc. was granted 591 restricted stock units (RSUs) as part of her 2024 annual grant and retainer.

Summary

• Jan E. Tighe, a director at Goldman Sachs Group Inc., received 591 restricted stock units (RSUs) on January 16, 2025.
• These RSUs are part of her 2024 annual grant for service on the Issuer's Board of Directors and fourth quarter 2024 annual retainer for service on the Board of Directors of Goldman Sachs Bank USA.
• The underlying shares of Goldman Sachs common stock will be delivered approximately 90 days after Ms. Tighe's retirement from the respective boards.
• Following this transaction, Ms. Tighe beneficially owns 5,243 derivative securities.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of granting equity compensation to a board member, which is a normal and expected practice. There is no indication of any negative or positive sentiment beyond the standard procedure.

Positives

• The grant of RSUs aligns the director's interests with the long-term performance of the company.
• The vesting schedule, tied to retirement, encourages continued service on the board.

Future Outlook

The shares underlying the RSUs will be delivered approximately 90 days after the director's retirement from the board.

Industry Context

This is a standard practice for compensating board members in publicly traded companies, aligning their interests with shareholders.

Comparison to Industry Standards

• Granting restricted stock units to board members is a common practice among large financial institutions like Goldman Sachs.
• Companies such as JP Morgan Chase and Morgan Stanley also use similar equity-based compensation for their directors.
• The vesting period tied to retirement is also a typical approach to ensure long-term commitment from board members.

Stakeholder Impact

• The grant of RSUs aligns the director's interests with those of shareholders.
• The vesting schedule encourages continued service on the board, which benefits the company and its stakeholders.

Next Steps

• The director will receive the underlying shares approximately 90 days after retirement from the board.

Key Dates

Keywords

Restricted Stock Units, RSU, Director Compensation, Board of Directors, Goldman Sachs, Equity Grant, Form 4, Beneficial Ownership