Form 4: Goldman Sachs Director Peter Oppenheimer Reports Acquisition of Restricted Stock Units

Director Peter Oppenheimer reports the acquisition of 113 Restricted Stock Units (RSUs) of Goldman Sachs Group Inc. related to board service.

Summary

• Peter Oppenheimer, a director of Goldman Sachs Group Inc., filed a Form 4 on July 18, 2024, reporting a transaction.
• On July 16, 2024, Oppenheimer acquired 113 Restricted Stock Units (RSUs).
• These RSUs were granted for his service on the Issuer's Board of Directors and Goldman Sachs Bank USA Board of Directors.
• The shares of Goldman Sachs common stock underlying these RSUs will be delivered approximately 90 days after Oppenheimer's retirement from the respective boards.
• Following the reported transaction, Oppenheimer directly owns 5,771 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard compensation practices and alignment of director interests. There are no indications of negative events or concerns.

Positives

• The acquisition of RSUs reflects continued alignment of the director's interests with the company's performance.

Future Outlook

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

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Comparison to Industry Standards

• Director compensation in the form of RSUs is a common practice among large financial institutions like Goldman Sachs.
• Comparable companies such as JP Morgan Chase and Morgan Stanley also utilize RSUs as part of their director compensation packages.
• The vesting and delivery terms (90 days post-retirement) are fairly standard within the industry to ensure continued alignment of interests.

Stakeholder Impact

• The acquisition of RSUs by a director signals continued commitment and alignment with shareholder interests.

Key Dates