Form 4: Lakshmi N Mittal Reports Acquisition of Goldman Sachs Restricted Stock Units

Lakshmi N Mittal, a Director of Goldman Sachs Group Inc., reports the acquisition of 48 Restricted Stock Units (RSUs) related to the third quarter 2024 annual retainer.

Summary

• Lakshmi N Mittal, a Director of Goldman Sachs Group Inc., filed a Form 4 on October 18, 2024.
• The report details the acquisition of 48 Restricted Stock Units (RSUs) on October 16, 2024.
• These RSUs are related to the reporting person's third quarter 2024 annual retainer.
• The underlying shares of Goldman Sachs common stock will be delivered approximately 90 days after Mittal's retirement from the Board of Directors.
• Following the transaction, Mittal directly owns 5,174 derivative securities.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It reflects standard compensation practices.

Positives

• The acquisition of RSUs indicates continued alignment of interests between the director and the company.

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.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Comparison to Industry Standards

• Director compensation packages often include restricted stock units to align the interests of directors with those of shareholders.
• The vesting schedule of approximately 90 days after retirement is a fairly standard practice.

Stakeholder Impact

• The granting of RSUs aligns the director's interests with those of shareholders, potentially encouraging decisions that benefit the company's long-term value.

Key Dates