Relevant:
- Goldman Sachs’s Blankfein Receives $9 Million Bonus for 2009
- Goldman Cuts Blankfein's Pay to $22 Million for 2016, Scraps "Opaque" Long-Term Incentive Plan
- Goldman Execs to Get $111 Million in 2007, 2009 Bonuses
- Wells Fargo Pulls Bonuses, Claws Back Top Executives' Awards
- Bank Of America Chief Brian Moynihan Gets 73 Percent Raise In 2012
2013-01-02 — bloomberg.com
Goldman Sachs Group Inc. (GS) accelerated delivery of $65 million in stock awards to 10 executives, including Chief Executive Officer Lloyd C. Blankfein, helping them avoid higher tax rates that take effect this year.
The awards are restricted stock granted for years prior to 2012, according to 10 separate filings made public at about 8 p.m. New York time on Dec. 31. Each executive surrendered 45 percent to 50 percent of their awards in order to pay taxes, according to the filings. Goldman Sachs stock climbed 41 percent in 2012, its first annual gain since 2009.
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