Form 4: Goldman Sachs Director, Lakshmi Mittal, Receives Restricted Stock Units

Lakshmi Mittal, a director at Goldman Sachs, was granted 609 restricted stock units as part of their 2024 annual grant and fourth quarter retainer.

Summary

• Lakshmi Mittal, a director at Goldman Sachs, received 609 restricted stock units (RSUs) on January 16, 2025.
• These RSUs are part of the director's 2024 annual grant and fourth quarter 2024 annual retainer.
• The shares underlying these RSUs will be delivered approximately 90 days after Mittal's retirement from the Goldman Sachs Board of Directors.
• Following this transaction, Mittal directly owns 5,783 RSUs.

Sentiment

Score: 7

Explanation: The document reflects a routine compensation event, which is generally neutral to positive. It indicates alignment of interests between the director and the company.

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 at large public companies like Goldman Sachs, aligning their interests with the long-term performance of the company.

Comparison to Industry Standards

• Granting restricted stock units to board members is a common practice among large financial institutions.
• Companies like JP Morgan Chase, Morgan Stanley, and Bank of America also use similar equity-based compensation for their directors.
• The number of RSUs granted is likely determined by the company's compensation policy and the director's role and responsibilities.

Stakeholder Impact

• The grant of RSUs aligns the director's interests with those of shareholders, as the value of the RSUs is tied to the company's stock performance.
• This type of compensation is a standard practice and is not expected to have a significant impact on other stakeholders.

Key Dates

Keywords

Restricted Stock Units, RSU, Director Compensation, Goldman Sachs, Lakshmi Mittal, Board of Directors, Equity Compensation