Goldman Sachs (GS) Director Peter Oppenheimer Receives RSU Award

What Happened

• Peter Oppenheimer, a director of Goldman Sachs Group, was granted 423 restricted stock units (RSUs) on 2026-01-16. The grant is reported as an award (derivative) at $0.00 per share (no cash purchase) and thus shows $0 immediate cash value on the Form 4.
• The RSUs were granted as part of Oppenheimer’s 2025 annual board compensation (annual grant, fourth-quarter annual retainer, and committee chair fee) and a retainer for service on the Goldman Sachs Bank USA board.

Key Details

• Transaction date: 2026-01-16; Report filed: 2026-01-21. Transaction code: A (award/grant). Price reported: $0.00. Quantity: 423 RSUs.
• Shares underlying these RSUs are deliverable approximately 90 days after the Reporting Person’s retirement from the Issuer’s Board of Directors or the GS Bank Board of Directors (see footnote F1).
• Shares owned after the transaction are not specified in the provided filing excerpt.
• Footnote (F1): RSUs relate to the 2025 annual grant, Q4 retainers, committee chair fee, and GS Bank board retainer; delivery is deferred until ~90 days after retirement.

Context

• RSU grants are compensatory awards for directors and are routine; they are derivative (not an open-market purchase or sale) and do not reflect an immediate cash outlay or sale. Delivery timing tied to retirement means these units are not transferable to the director right away.