Form 4: Peter Oppenheimer Receives GS Restricted Stock Units
Director Compensation Disclosure
Goldman Sachs Director Peter Oppenheimer was granted 63 restricted stock units as part of his Q1 2026 board compensation.
Summary
- Director Peter Oppenheimer received a grant of 63 Restricted Stock Units (RSUs) on April 14, 2026.
- The grant represents compensation for his Q1 2026 Annual Retainer and Committee Chair fees for service on the boards of The Goldman Sachs Group, Inc. and Goldman Sachs Bank USA.
- The underlying common stock will be delivered approximately 90 days following his retirement from the respective boards.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative filing regarding standard 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 RSU grant is subject to the future market performance of Goldman Sachs common stock.
Future Outlook
The filing does not provide forward-looking financial guidance, as it is a routine disclosure of director compensation.
Industry Context
StockSavvy.ai notes that this filing is a standard regulatory disclosure regarding director compensation, reflecting typical corporate governance practices among major financial institutions where board members receive a portion of their retainers in equity.
Comparison to Industry Standards
- The practice of paying board retainers in equity is consistent with industry standards for large-cap financial institutions like JPMorgan Chase, Morgan Stanley, and Citigroup.
- The deferral of share delivery until retirement is a common governance mechanism to ensure long-term alignment.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Compensation | Grant of RSUs for Q1 2026 board and committee service. | 04/14/2026 | Standard alignment of director interests with shareholders. |
Stakeholder Impact
- Minimal impact on shareholders as the grant is a standard component of director compensation packages.
Next Steps
- Delivery of common stock to the reporting person 90 days after retirement from the Board of Directors.
Key Dates
| Date | Description |
|---|---|
| 04/14/2026 | Date of RSU grant transaction. |
| 04/16/2026 | Date of filing. |
Keywords
Goldman Sachs, GS, Form 4, Insider Trading, Director Compensation, Restricted Stock Units
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