Goldman Sachs CEO Solomon sells $10.9M in shares after award vesting

David M. Solomon, Chairman of the Board and CEO of Goldman Sachs Group Inc. (NYSE:GS), sold 12,000 shares of the company’s common stock on October 27, 2026. The transactions totaled $10,928,694, with shares sold at prices ranging from $910.46 to $912.11 each. The sale comes as Goldman Sachs trades at $911.77, up 17% over the past year, though InvestingPro analysis suggests the stock remains undervalued relative to its Fair Value—placing it among opportunities on the Most Undervalued list.

These sales followed the delivery of 109,896 shares of Goldman Sachs common stock to Mr. Solomon on October 23, 2026. These shares were received without payment, stemming from a performance-based restricted stock unit award, originally granted in October 2021. The award achieved its maximum performance goals, but the delivered shares generally cannot be sold or transferred before October 2027.

In connection with the award delivery, 60,773 shares of common stock were withheld by the company on October 23, 2026, to satisfy tax withholding obligations. These shares were valued at $891.3 per share, totaling $54,166,974.

Following these reported transactions, Mr. Solomon directly holds 159,180 shares of Goldman Sachs common stock. He also indirectly holds 16,171 shares through a trust for immediate family members and 15,205 shares as a trustee of a grantor retained annuity trust. Mr. Solomon disclaims beneficial ownership of the shares held through the trust for immediate family members.For deeper insights into Goldman Sachs’ valuation and executive compensation trends, investors can access the comprehensive Pro Research Report, one of 1,400+ available for top US equities.

In other recent news, Goldman Sachs Group Inc. reported robust third-quarter 2026 results, surpassing analyst expectations with earnings per share of $17.01 and revenue of $18.68 billion. These figures represent a 31% increase above consensus estimates, marking the second-highest net revenues in the company’s history. The strong performance was attributed to record advisory fees and significant growth in equities and asset and wealth management. Following these results, Freedom Broker upgraded Goldman Sachs to a Buy rating, despite lowering the price target to $1,100 from $1,200. Meanwhile, RBC Capital and Keefe, Bruyette & Woods both reduced their price targets to $1,010 and $1,100, respectively, while maintaining their current ratings. Citizens also responded to the earnings beat by increasing its full-year 2026 earnings per share estimate by 7% and its 2027 estimate by 6%. The firm highlighted a larger financing revenue base and higher private banking revenue as factors for the revised outlook. These developments indicate a growing confidence among analysts in Goldman Sachs’ ability to generate durable revenue streams.