JOHNSON KEVIN R 4

What Happened

• Kevin R. Johnson, a director of Goldman Sachs Group Inc. (GS), was granted 33 restricted stock units (RSUs) on 2026-07-15. The reported grant is a derivative award (code A) with an acquisition price of $0.00 (no cash paid).
• This award represents Johnson's Q2 2026 annual retainer for service on the issuer's Board and the Board of Goldman Sachs Bank USA. The underlying common shares will be delivered approximately 90 days after the Reporting Person retires from the Issuer's Board or the GS Bank Board, as applicable.
• This is an award/grant (not a market purchase or sale) and therefore is a compensation event rather than a trading signal.

Key Details

• Transaction date: 2026-07-15 (reported on Form 4 filed 2026-07-17).
• Security: RSUs convertible into common stock (33 units); acquisition price reported as $0.00.
• Delivery timing: Underlying shares to be delivered ~90 days after the director’s retirement from the relevant board.
• Shares owned after transaction: Not specified in the provided filing data.
• Footnote: Grant is the Q2 2026 annual retainer for service on both the Issuer's Board and GS Bank Board.
• Timeliness: Filed July 17, 2026 for a July 15 transaction — appears timely (within the usual two-business-day SEC reporting window).

Context

• RSU grants are a common form of board compensation and are typically deferred—they do not represent an immediate purchase or sale of shares. Because delivery is tied to future retirement, this award reflects compensation terms rather than an active bet on the stock.
• For retail investors, awards like this are informational about executive/director compensation but should not be interpreted alone as a buy/sell signal.