Form 4: Lakshmi Mittal Receives Goldman Sachs RSU Grant

Director Lakshmi Mittal was granted 28 restricted stock units as part of his 2026 first-quarter annual retainer.

Summary

• Director Lakshmi Mittal received a grant of 28 Restricted Stock Units (RSUs) from The Goldman Sachs Group, Inc.
• The grant represents the director's annual retainer for the first quarter of 2026.
• The underlying common stock will be delivered approximately 90 days following the director's retirement from the Board.

Sentiment

Score: 5

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

Positives

• Alignment of director interests with long-term shareholder value through equity-based compensation.

Negatives

• None identified.

Risks

• Value of the equity grant is subject to future fluctuations in the market price of Goldman Sachs common stock.

Future Outlook

The shares underlying the RSUs will be delivered to the director 90 days after his eventual retirement from the Board of Directors.

Industry Context

StockSavvy.ai notes that equity-based compensation for board members is a standard corporate governance practice in the financial services sector to ensure directors maintain a vested interest in the firm's long-term performance.

Comparison to Industry Standards

• The use of RSUs for director compensation is consistent with standard practices at major investment banks like Morgan Stanley and JPMorgan Chase.

Corporate Governance

Stakeholder Impact

• Minimal impact on shareholders as the grant size is immaterial relative to total shares outstanding.

Next Steps

• Delivery of common stock to the director 90 days post-retirement.

Key Dates

Keywords

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