Goldman Sachs (NYSE: GS) EVP reports PSU vesting, tax withholding and updated share holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Goldman Sachs Group Inc. executive John F.W. Rogers reported equity compensation activity involving performance-based restricted stock units (PSUs). On April 28, 2026, 21,915 PSUs granted in January 2023 converted into an equal number of common shares delivered to him without any cash payment, and these shares generally cannot be sold or transferred before January 2027. To cover tax withholding obligations on this vesting, 11,105 common shares were withheld. After these transactions, Rogers directly holds 49,817 common shares, while 38,165 shares are held by his spouse and 9,428 shares are held in a trust for his immediate family, for which he disclaims beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
21,915 shares exercised/converted
Mixed
5 txns
Insider
ROGERS JOHN F.W.
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance-based Restricted Stock Units | 21,915 | $0.00 | -- |
| Exercise | Common Stock, par value $0.01 per share | 21,915 | $0.00 | -- |
| Tax Withholding | Common Stock, par value $0.01 per share | 11,105 | $937.81 | $10.41M |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
Holdings After Transaction:
Performance-based Restricted Stock Units — 0 shares (Direct, null);
Common Stock, par value $0.01 per share — 60,922 shares (Direct, null);
Common Stock, par value $0.01 per share — 9,428 shares (Indirect, See footnote)
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 18, 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. Held by the Reporting Person's spouse. Held through a trust, the sole trustee of which is the Reporting Person's spouse and the sole beneficiaries of which are immediate family members of the Reporting Person. The Reporting Person disclaims beneficial ownership of these shares.
Key Figures
PSUs vested: 21,915 shares
Shares withheld for taxes: 11,105 shares
Direct holdings after transactions: 49,817 shares
+3 more
6 metrics
PSUs vested
21,915 shares
Performance-based RSUs converting to common stock on April 28, 2026
Shares withheld for taxes
11,105 shares
Common shares withheld to satisfy tax obligations on PSU delivery
Direct holdings after transactions
49,817 shares
Goldman Sachs common stock held directly by Rogers after April 28, 2026
Spouse-held shares
38,165 shares
Goldman Sachs common stock held by Rogers’ spouse
Trust-held shares
9,428 shares
Shares in a family trust where Rogers disclaims beneficial ownership
Tax withholding price
$937.81 per share
Price per share used for 11,105-share tax-withholding disposition
Key Terms
Performance-based Restricted Stock Units, withheld to satisfy withholding obligations, disclaims beneficial ownership
3 terms
Performance-based Restricted Stock Units financial
"Performance-based Restricted Stock Units ("PSUs") granted on January 18, 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.
withheld to satisfy withholding obligations financial
"Represents shares of the Issuer's common stock withheld to satisfy withholding obligations"
disclaims beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of these shares."
FAQ
What did GS executive John F.W. Rogers report in this Form 4?
John F.W. Rogers reported the vesting of 21,915 performance-based restricted stock units into Goldman Sachs common shares and related tax withholding. These transactions reflect routine equity compensation, not an open-market purchase or sale, and adjust his reported direct and indirect share holdings.
How are Rogers’ indirect Goldman Sachs (GS) holdings structured?
Indirectly, 38,165 Goldman Sachs shares are held by his spouse and 9,428 shares are held through a trust for immediate family members. The trust is overseen by his spouse as sole trustee, and Rogers expressly disclaims beneficial ownership of the trust-held shares in the filing.