Goldman Sachs (NYSE: GS) COO nets shares after PSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Goldman Sachs president and COO John E. Waldron reported routine equity compensation activity. On April 28, 2026, 27,446 shares of common stock were delivered to him upon the vesting of performance-based restricted stock units granted in January 2023, without any cash paid.
In connection with this delivery, 15,178 shares were withheld to satisfy tax withholding obligations, a non-market tax-withholding disposition. After these transactions, Waldron directly held 133,714 shares of Goldman Sachs common stock. The delivered shares generally cannot be sold or transferred before January 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
27,446 shares exercised/converted
Mixed
3 txns
Insider
WALDRON JOHN E.
Role
President and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance-based Restricted Stock Units | 27,446 | $0.00 | -- |
| Exercise | Common Stock, par value $0.01 per share | 27,446 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.01 per share | 15,178 | $937.81 | $14.23M |
Holdings After Transaction:
Performance-based Restricted Stock Units — 0 shares (Direct, null);
Common Stock, par value $0.01 per share — 133,714 shares (Direct, null)
Footnotes (1)
- On April 28, 2026, shares of the Issuer's common stock underlying an award of Performance-based Restricted Stock Units ("PSUs") granted on January 26, 2023 in connection with 2022 year-end compensation were delivered to the Reporting Person without the payment of any consideration. These shares generally cannot be sold or transferred before January 2027. Represents shares of the Issuer's common stock withheld to satisfy withholding obligations in connection with the delivery of the common stock underlying the PSUs described in footnote 1 above.
Key Figures
Shares from PSU vesting: 27,446 shares
Shares withheld for taxes: 15,178 shares at $937.81 per share
Price used for tax withholding: $937.81 per share
+1 more
4 metrics
Shares from PSU vesting
27,446 shares
Common stock delivered April 28, 2026 from performance-based RSUs granted January 26, 2023
Shares withheld for taxes
15,178 shares at <money>$937.81</money> per share
Withheld to satisfy tax obligations on April 28, 2026 PSU share delivery
Price used for tax withholding
<money>$937.81</money> per share
Transaction price per share for tax-withholding disposition on April 28, 2026
Direct holdings after transactions
133,714 shares
Goldman Sachs common stock directly owned after April 28, 2026 transactions
Key Terms
Performance-based Restricted Stock Units, tax-withholding disposition, derivative security, withholding obligations
4 terms
Performance-based Restricted Stock Units financial
"shares of the Issuer's common stock underlying an award of Performance-based Restricted Stock Units ("PSUs") granted on January 26, 2023"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
tax-withholding disposition financial
"Represents shares of the Issuer's common stock withheld to satisfy withholding obligations in connection with the delivery of the common stock"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
withholding obligations financial
"withheld to satisfy withholding obligations in connection with the delivery of the common stock underlying the PSUs"
FAQ
What did Goldman Sachs (GS) president John E. Waldron report in this Form 4 filing?
John E. Waldron reported the vesting of performance-based restricted stock units delivering 27,446 Goldman Sachs common shares. A portion of these shares was withheld to cover tax obligations, and his direct common stock holdings increased to 133,714 shares after the reported transactions.