Goldman Sachs Executives Given 2009-10 Stock Installments
CEO Lloyd Blankfein of Goldman Sachs Group (NYSE:GS) and other executives got access to new installments of stock awarded in 2009 and 2010, on Friday. Blankfein received 49,497 shares, out of which he sold 21,248 at $107.44, to fulfill tax withholding requirements; this according to a SEC filing late on Friday. Vested over three years, Blankfein received $9M in restricted stock and $12.6 in 2010.
Goldman President Gary Cohn, and CFO David Viniar also received and sold the same amounts of stock as Blankfein. Vice Chairmen Michael Evans and John Weinberg also received 49,497 shares, but sold 15,244 and 19,314 shares, respectively. Vice Chairman Michael Sherwood received 22,317 shares and sold 11,615. All sales were at $107.44.
Shares of Goldman are up 23.6% so far in 2012 after falling last year with the financial sector, and closed Friday at $111.77, rising 2.96% on the day.