Business · Companies · 1 day ago
Goldman Sachs executives could share stock awards worth up to $500m
Goldman Sachs is preparing stock awards worth up to $500m for about 20 senior executives, including chief executive David Solomon.
Solomon could receive shares worth about $100m, but the final values have not yet been confirmed.
The awards come from a long-term plan set up in 2021, rather than a new cash bonus.
Their value depends on Goldman’s share-price gains over five years and how its stock performs compared with rival banks.
Goldman says the plan is designed to reward performance and help retain senior staff.
The bank’s stock has risen sharply over the period, increasing the potential value of the awards.
The shares will be subject to restrictions, so the total is not an unrestricted cash payment.
The final amount is expected later this month.
About 20 senior Goldman Sachs executives are expected to share a stock-based award pot worth around or more than $500 million.
Chief executive David Solomon is expected to receive the largest share, with estimates ranging from about $100 million to more than $100 million.
The awards come from a long-term performance plan developed in 2021, with values linked to Goldman Sachs’ share performance and its performance against other banks over five years.
The final value was expected to be confirmed later in October 2026, and the reported total was not a confirmed cash payment.
The awards are to be delivered in Goldman Sachs shares, which are subject to restrictions on sale and transfer after delivery.
Goldman Sachs said the plan was designed to link compensation to performance, support leadership continuity and retain senior talent.
- Who
- About 20 senior Goldman Sachs executives, including CEO David Solomon and president John Waldron.
- What
- A long-term, stock-based award program with a total estimated value of around or above $500 million.
- When
- The awards were expected to be finalized in late October 2026.
- Where
- Goldman Sachs, a US investment bank.
- Why
- To link compensation to performance, support leadership continuity and retain top talent.
This story does not have two clearly opposing sides.
The board created these awards to achieve three principal objectives: align compensation with rigorous performance thresholds, ensure leadership continuity and enhance retention of our top talent in an increasingly competitive market. It’s no secret our firm has performed exceptionally well in the years since.
Goldman Sachs’ board approved long-term stock awards for David Solomon and John Waldron.
The awards program was expanded to include other senior executives.
Reports described an expected award pot of about $500 million or more for roughly 20 executives.
The program’s final award values were expected to be determined.
- Executives covered
- About 20
- Estimated total award value
- Around or above $500 million
- David Solomon’s estimated award
- About $100 million in the Guardian report; more than $100 million was reported as possible by Dünya
- Performance period
- Five years
- Goldman Sachs share-price rise
- Roughly 146% over five years, according to the Guardian
- Award form
- Goldman Sachs shares, subject to sale and transfer restrictions after delivery
Sources
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