Form 4: Goldman Sachs Director John B. Hess Receives Restricted Stock Units

Director John B. Hess of Goldman Sachs Group Inc. was granted 333 restricted stock units (RSUs) as part of his prorated 2024 annual grant.

Summary

• John B. Hess, a director at Goldman Sachs Group Inc., received 333 restricted stock units (RSUs) on January 16, 2025.
• These RSUs are part of his prorated 2024 annual grant.
• The shares of Goldman Sachs common stock underlying these RSUs will be delivered approximately 90 days after Mr. Hess's retirement from the Board of Directors.
• The transaction was reported on a Form 4 filing with the SEC.

Sentiment

Score: 7

Explanation: The document reflects a routine compensation practice, which is generally viewed positively as it aligns director interests with shareholders. There are no negative implications.

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 and commitment.

Future Outlook

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

Industry Context

The granting of restricted stock units is a common practice for compensating directors and aligning their interests with shareholders in the financial services industry.

Comparison to Industry Standards

• Many financial institutions use restricted stock units as part of their director compensation packages.
• The vesting period tied to retirement is a common practice to ensure long-term commitment from board members.
• Companies like JP Morgan Chase and Morgan Stanley also use similar equity-based compensation for their directors.

Stakeholder Impact

• The RSU grant aligns the director's interests with those of shareholders.
• The vesting schedule encourages long-term commitment from the director.

Key Dates

Keywords

Restricted Stock Units, RSUs, Director Compensation, Goldman Sachs, Form 4, Equity Grant, John B. Hess