Halio Carey, the Global Treasurer of Goldman Sachs Group Inc. (NYSE:GS), recently made significant stock transactions, according to a filing with the Securities and Exchange Commission. The transactions come as Goldman Sachs, currently valued at $216 billion, trades near its 52-week high of $635.60, having delivered an impressive 70% return over the past year. On January 21, Carey sold a total of 1,320 shares of Goldman Sachs common stock, with prices ranging from $611.07 to $635.29 per share. The total value of these sales amounted to approximately $965,120.
Additionally, Carey acquired 5,589 shares of common stock through the conversion of restricted stock units. These shares were delivered without any consideration, as they were part of a compensation package awarded prior to 2024. However, 2,724 of these shares were withheld to satisfy tax withholding obligations, valued at $1,705,060, based on a price of $625.94 per share.
Following these transactions, Carey holds 8,192 shares of Goldman Sachs common stock directly.
In other recent news, Goldman Sachs has experienced significant developments. The company's CEO, David Solomon, stressed the importance of strengthening U.S.-China relations, hinting at the potential benefits to U.S. growth from a thoughtful rebalancing of trade agreements. On the leadership front, Goldman Sachs announced a series of promotions within its global banking & markets division, ushering in a new generation of leaders.
In terms of compensation, the Board of Goldman Sachs increased Solomon's total annual compensation to $39 million for 2024, up from $31 million in 2023. Additionally, Solomon and President and COO John Waldron were granted 130,508 restricted stock units, valued at $80 million, as part of a retention strategy.
Analysts from Oppenheimer and Keefe, Bruyette & Woods (KBW) have maintained an Outperform rating for the company, following strong fourth-quarter performance. The company reported earnings per share (EPS) of $11.95, surpassing both Oppenheimer's and the consensus estimates. These are among the recent developments for Goldman Sachs.
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