AI English summary of an SEC filing — figures as filed
Goldman Sachs GSThe company said the board approved grants on January 16, 2025 of 130,508 restricted stock units (Retention RSUs, grant date value $80 million, vesting over 5 years) to each of Chairman and Chief Executive Officer David Solomon and President and Chief Operating Officer John Waldron.
Key points
AI summaryThe company said the board approved grants on January 16, 2025 of 130,508 restricted stock units (Retention RSUs, grant date value $80 million, vesting over 5 years) to each of Chairman and Chief Executive Officer David Solomon and President and Chief Operating Officer John Waldron.
The company said the Retention RSUs use five-year cliff vesting, will not vest until January 2030, and are subject to continuous service with limited exceptions such as death and disability. It said the awards include a quarterly dividend equivalent right and are subject to the firm's standard forfeiture and clawback provisions.
The company said it allocated carry points to Solomon, Waldron, Chief Financial Officer Denis Coleman and Chief Legal Officer Kathryn Ruemmler under the newly adopted Carried Interest Program on January 14, 2025. It said the program reduces the cash portion of annual variable compensation.
The company said the board, on the recommendation of the Compensation Committee, set David Solomon's total annual compensation for 2024 at $39 million (2023: $31 million). It said that for 2024, the firm reported full-year net revenues of $53.51 billion, net earnings of $14.28 billion, diluted earnings per common share of $40.54 and an ROE of 12.7%.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Goldman Sachs grants Retention RSUs to CEO and COO
The company said the board approved grants on January 16, 2025 of 130,508 restricted stock units (Retention RSUs, grant date value $80 million, vesting over 5 years) to each of Chairman and Chief Executive Officer David Solomon and President and Chief Operating Officer John Waldron.
Source · Based on the filing body and exhibits
Vesting and clawback terms of Retention RSUs
The company said the Retention RSUs use five-year cliff vesting, will not vest until January 2030, and are subject to continuous service with limited exceptions such as death and disability. It said the awards include a quarterly dividend equivalent right and are subject to the firm's standard forfeiture and clawback provisions.
Source · Based on the filing body and exhibits
Goldman Sachs adopts Long Term Executive Carried Interest Incentive Program
The company said it allocated carry points to Solomon, Waldron, Chief Financial Officer Denis Coleman and Chief Legal Officer Kathryn Ruemmler under the newly adopted Carried Interest Program on January 14, 2025. It said the program reduces the cash portion of annual variable compensation.
Source · Based on the filing body and exhibits
2024 CEO total annual compensation and annual results
The company said the board, on the recommendation of the Compensation Committee, set David Solomon's total annual compensation for 2024 at $39 million (2023: $31 million). It said that for 2024, the firm reported full-year net revenues of $53.51 billion, net earnings of $14.28 billion, diluted earnings per common share of $40.54 and an ROE of 12.7%.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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