Goldman Sachs Expected to Grant $500M in Stock Awards to 20 Executives
Goldman Sachs is expected to award over $500 million in special stock to about 20 top executives, with CEO David Solomon reportedly receiving more than $100 million.
Goldman Sachs is expected to grant more than $500 million in special stock awards to about 20 top executives, according to etnews.com. CEO David Solomon is expected to receive more than $100 million of that total. The payouts stem from a long-term performance award plan introduced in October 2021.
The final size of the awards will be set at the end of this month when the five-year evaluation period ends. The plan ties executive pay to long-term stock performance.
In October 2021, Goldman Sachs introduced the long-term performance award plan. The same year, proxy adviser Glass Lewis criticized the stock awards granted to CEO David Solomon and President John Waldron as excessive. In January 2025, Goldman Sachs granted Solomon and Waldron separate stock retention awards worth $80 million each, vesting in January 2030.
Over the past five years, Goldman Sachs' total return including dividend reinvestment was about 150%, behind only Bank of New York Mellon's 174% among six peers.
Quick answers
How much is Goldman Sachs expected to grant in special stock awards?
Goldman Sachs is expected to grant more than $500 million in special stock awards to about 20 top executives.
How much is CEO David Solomon expected to receive?
CEO David Solomon is expected to receive more than $100 million of the total.
When will the final size of the awards be determined?
The final size will be set at the end of this month when the five-year evaluation period ends.