John E. Waldron - Oct 21, 2021 Form 4 Insider Report for GOLDMAN SACHS GROUP INC (GS)

Role: President and COO
Signature: /s/ Beverly L. O'Toole, Attorney-in-fact
Stock symbol: GS
Transactions as of: Oct 21, 2021
Transactions value $: $0
Form type: 4
Date filed: 10/22/2021, 09:05 AM
Previous filing: Aug 16, 2021
Next filing: May 4, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GS	Performance-based Restricted Stock Units	Award	$0	+48.8K		$0.00	48.8K	Oct 21, 2021	Common Stock, par value $0.01 per share			Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On October 21, 2021, the Reporting Person was awarded 48,843 Performance-based Restricted Stock Units ("PSUs"), which are subject to both performance- and time-based vesting conditions. The Reporting Person may earn from 0% to 150% of these PSUs based on the achievement of pre-established performance goals based 50% upon absolute total shareholder return ("TSR") and 50% on a relative TSR over a five-year performance and service period. Shares of the Issuer's common stock underlying any earned PSUs will vest and be delivered on or about the fifth anniversary of grant, subject to other terms and conditions of the award agreement. The shares of common stock delivered pursuant to these PSUs will be subject to transfer restrictions for one additional year after delivery.

Content

On October 21, 2021, the Reporting Person was awarded 48,843 Performance-based Restricted Stock Units ("PSUs"), which are subject to both performance- and time-based vesting conditions. The Reporting Person may earn from 0% to 150% of these PSUs based on the achievement of pre-established performance goals based 50% upon absolute total shareholder return ("TSR") and 50% on a relative TSR over a five-year performance and service period. Shares of the Issuer's common stock underlying any earned PSUs will vest and be delivered on or about the fifth anniversary of grant, subject to other terms and conditions of the award agreement. The shares of common stock delivered pursuant to these PSUs will be subject to transfer restrictions for one additional year after delivery.