Form 4: Goldman Sachs Director Kevin R. Johnson Acquires Shares and Restricted Stock Units

Director Kevin R. Johnson of Goldman Sachs Group Inc. acquired 2,400 shares of common stock and 630 restricted stock units.

Summary

• Kevin R. Johnson, a director at Goldman Sachs Group Inc., has reported a transaction involving the company's stock.
• On January 17, 2025, Johnson acquired 2,400 shares of common stock at a price of $619.02 per share.
• These shares are held indirectly through a trust where Johnson and their spouse are the sole beneficiaries.
• Additionally, on January 16, 2025, Johnson was granted 630 restricted stock units (RSUs).
• These RSUs are part of the 2024 annual grant for service on the Issuer's Board of Directors and the fourth quarter 2024 annual retainer for service on the Issuer's Board of Directors and the Board of Directors of Goldman Sachs Bank USA.
• The shares underlying these RSUs will be delivered approximately 90 days after Johnson's retirement from the respective boards.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard insider transactions and compensation practices. The acquisition of shares by a director can be seen as a positive sign.

Positives

• The acquisition of shares by a director can be seen as a positive sign of confidence in the company's future.
• The granting of RSUs aligns the director's interests with the long-term performance of the company.

Future Outlook

The shares underlying the RSUs will be delivered approximately 90 days after the retirement of the Reporting Person from the Issuer's Board of Directors or GS Bank Board of Directors, as applicable.

Industry Context

This is a routine filing related to insider transactions, which is common for directors of publicly traded companies. It reflects standard compensation practices using stock and restricted stock units.

Comparison to Industry Standards

• The use of restricted stock units as part of director compensation is a common practice among large financial institutions like Goldman Sachs.
• Other comparable companies such as Morgan Stanley, JP Morgan Chase, and Bank of America also use similar compensation structures for their board members.
• The timing of the delivery of shares after retirement is also a standard practice to ensure long-term alignment with the company's performance.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it indicates confidence from a director.
• The granting of RSUs aligns the director's interests with the long-term performance of the company, which is beneficial for shareholders.

Key Dates

Keywords

Goldman Sachs, Director, Kevin R. Johnson, Stock Acquisition, Restricted Stock Units, GS, Board of Directors, Insider Trading, Form 4