MITTAL LAKSHMI N 4

What Happened

• Lakshmi N. Mittal, a director of Goldman Sachs (GS), received an award of 390 restricted stock units (RSUs) on 2026-01-16. The filing reports the grant as a derivative acquisition at $0.00 (RSU award), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-16
• Transaction type: Award/Grant of RSUs (code A); 390 RSUs granted at $0.00 in the filing
• Shares owned after transaction: Not specified in the Form 4 filing
• Footnote: These RSUs were granted as the Reporting Person's 2025 Annual Grant and fourth-quarter 2025 Annual Retainer. The underlying common shares will be delivered approximately 90 days after the Reporting Person retires from the Issuer's Board of Directors.
• Filing date / accession: Filed 2026-01-21 (Form 4 accession 0001438783-26-000003)

Context

• RSUs are a form of compensation that convert to company shares at a future date or upon a triggering event (here, delivery is tied to retirement). Because this is an award (not a purchase or sale), it does not directly signal a buy/sell decision by the insider.
• For retail investors: RSU grants are routine compensation items for directors and executives and should be interpreted differently from open-market purchases (which can be a stronger bullish signal).