Goldman Sachs Group Inc. Chief Accounting Officer Sheara J. Fredman filed a Form 4 on October 27, 2026, reporting the delivery of shares underlying a performance-based restricted stock unit award and a related tax-withholding disposition on October 23, 2026.

Key Highlights

  • Shares delivered: 18,317 shares of Goldman Sachs common stock (par value $0.01 per share) were delivered to Fredman on October 23, 2026, via transaction code M (exercise/conversion).
  • Award origin: The shares came from a Shareholder Value Creation Award ("SVC Award") originally granted in January 2022 as performance-based restricted stock units.
  • Maximum performance achieved: According to the filing, the delivery reflects the maximum (150%) achievement of pre-established absolute and relative total shareholder return-based performance goals.
  • Tax withholding: 10,130 shares were withheld at $891.3 per share to satisfy tax withholding obligations, via transaction code F.
  • Post-transaction holdings: Fredman directly holds 14,525 shares of common stock following the reported transactions.
  • Transfer restriction: The filing states the delivered shares "generally cannot be sold or transferred before October 2027."
  • No consideration paid: The shares were delivered "without the payment of any consideration," according to the filing.

Fredman's October 2026 SVC Award Delivery and Withholding at Goldman Sachs

Sheara J. Fredman, identified in the filing as Chief Accounting Officer of Goldman Sachs Group Inc. (NYSE:GS), reported two transactions on October 23, 2026. The first was the delivery of 18,317 shares of common stock underlying a Shareholder Value Creation Award that had been granted in January 2022 in the form of performance-based restricted stock units. The filing states the shares were received without the payment of any consideration.

According to the filing, the delivery reflects the maximum achievement level of 150% of the pre-established absolute and relative total shareholder return-based performance goals set forth in the SVC Award. Following the conversion, the derivative security balance for the Performance-based Restricted Stock Units dropped to zero, as reported in Table II. The filing further notes that the delivered shares generally cannot be sold or transferred before October 2027.

The second reported transaction involved the withholding of 10,130 shares at a price of $891.3 per share to cover tax withholding obligations associated with the share delivery, reported under transaction code F. After both transactions, Fredman's direct beneficial ownership of Goldman Sachs common stock stood at 14,525 shares. The Form 4 was signed by Jamie A. Greenberg as attorney-in-fact on October 27, 2026.

What Was Disclosed

The filing disclosed the October 23, 2026 delivery of 18,317 Goldman Sachs common shares to Chief Accounting Officer Sheara J. Fredman from a 2022 SVC Award at maximum performance, alongside the withholding of 10,130 shares at $891.3 for tax purposes, leaving her with 14,525 shares directly held.