Form 4: Kevin Johnson Receives GS Restricted Stock Units

Director Kevin R. Johnson was granted 42 restricted stock units as part of his Q1 2026 board retainer for Goldman Sachs.

Summary

• Director Kevin R. Johnson received a grant of 42 Restricted Stock Units (RSUs) on April 14, 2026.
• The grant represents the annual retainer for service on the Board of Directors of The Goldman Sachs Group, Inc. and Goldman Sachs Bank USA for the first quarter of 2026.
• The total number of derivative securities beneficially owned by the reporting person following this transaction is 3,086.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation that carries no material impact on the company's financial outlook.

Positives

• The grant aligns director compensation with long-term shareholder interests through equity-based incentives.

Negatives

• None identified.

Risks

• The value of the RSUs is subject to the future market performance of Goldman Sachs common stock.

Future Outlook

The RSUs will be settled in common stock approximately 90 days after the director's retirement from the Board of Directors of the Issuer or GS Bank.

Management Comments

• The grant is explicitly for the Reporting Person's first quarter 2026 Annual Retainer for service on the Issuer's Board of Directors and the Board of Directors of Goldman Sachs Bank USA.

Industry Context

StockSavvy.ai notes that this is a routine disclosure of director compensation, consistent with standard corporate governance practices for large-cap financial institutions where board members receive a portion of their retainers in equity to ensure alignment with shareholders.

Comparison to Industry Standards

• The use of RSUs for board compensation is a standard practice among S&P 500 financial services firms.
• The 90-day post-retirement delivery schedule is a common retention and alignment mechanism used by major investment banks.

Corporate Governance

Stakeholder Impact

• Minimal impact on shareholders as this is a standard compensation event.

Next Steps

• The reporting person will hold these units until 90 days following their eventual retirement from the board.

Key Dates

Keywords

Goldman Sachs, GS, Director Compensation, Restricted Stock Units, Insider Transaction, Form 4