Form 4: Goldman Sachs Director Peter Oppenheimer Receives Restricted Stock Units

Director Peter Oppenheimer received 112 Restricted Stock Units (RSUs) from Goldman Sachs on April 15, 2025, related to his board service.

Summary

• Peter Oppenheimer, a Director at Goldman Sachs, received 112 Restricted Stock Units (RSUs) on April 15, 2025.
• These RSUs are related to his first quarter 2025 Annual Retainer and Committee Chair Fee for service on the Issuer's Board of Directors and first quarter 2025 Annual Retainer for service on the Board of Directors of Goldman Sachs Bank USA ('GS Bank').
• The underlying shares of Goldman Sachs common stock will be delivered approximately 90 days after his retirement from either the Goldman Sachs Board of Directors or the GS Bank Board of Directors.
• Following the transaction, Oppenheimer directly owns 6,651 shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of director compensation, which is generally viewed neutrally to positively as it aligns director interests with shareholders.

Positives

• The grant of RSUs to a director aligns their interests with those of the shareholders.
• The director's continued service on the board is incentivized.

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 standard practice for compensating board members in publicly traded companies, aligning their interests with shareholders through equity-based compensation.

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, Morgan Stanley, and Citigroup also utilize RSUs as part of their director compensation packages.
• The number of RSUs granted and the vesting schedule are typically determined based on factors such as the director's role, committee responsibilities, and overall company performance.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns the director's interests with the company's long-term performance.
• The director is incentivized to continue serving on the board.

Key Dates

Keywords

Restricted Stock Units, Director Compensation, Form 4, Goldman Sachs, Peter Oppenheimer, GS, Board of Directors