Goldman Sachs President & COO John Waldron Settles Performance Award with Tax Withholding

Executive Summary

On October 23, 2026, John E. Waldron, President and Chief Operating Officer as well as a Director of The Goldman Sachs Group, Inc. (NYSE: GS), acquired 73,265 shares of common stock upon the settlement of a 2021 Shareholder Value Creation Award (SVC Award). Concurrently, 40,516 shares were withheld at a price of $891.30 per share to satisfy statutory tax obligations, resulting in a net addition of 32,749 direct common shares to his holdings.

Transaction Details

• Security: Common Stock, par value $0.01 per share
• Gross Award Delivery (Code M): 73,265 shares acquired via conversion of Performance-based Restricted Stock Units.
• Tax Withholding (Code F): 40,516 shares surrendered at $891.30 per share ($36,111,910.80 total tax liability settlement).
• Net Holdings Impact: Net increase of 32,749 shares, raising total directly held shares to 151,285.
• Award Conditions: The settlement represents maximum (150%) achievement of total shareholder return performance targets. Delivered shares are subject to transfer and sale restrictions through October 2027.

Market & Trading Significance

This filing reflects routine equity compensation settlement rather than discretionary market trading. The surrender of shares was executed strictly to satisfy tax withholding obligations triggered by the delivery of the vested SVC Award. Consequently, this event carries Low predictive significance regarding future corporate performance or insider sentiment.