Sheara J. Fredman - Jan 28, 2022 Form 4 Insider Report for GOLDMAN SACHS GROUP INC (GS)

Role: Chief Accounting Officer
Signature: /s/ Beverly L. O'Toole, Attorney-in-fact
Stock symbol: GS
Transactions as of: Jan 28, 2022
Transactions value $: $0
Form type: 4
Date filed: 1/28/2022, 03:40 PM
Previous filing: Jan 27, 2022
Next filing: Jan 26, 2023

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	+12.2K		$0.00	12.2K	Jan 28, 2022	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 January 28, 2022, the Reporting Person was awarded a Shareholder Value Creation Award in the form of 12,211 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 beginning October 2021. Shares of the Issuer's common stock underlying any earned PSUs will vest and be delivered on or about the end of the five-year performance period, 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 January 28, 2022, the Reporting Person was awarded a Shareholder Value Creation Award in the form of 12,211 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 beginning October 2021. Shares of the Issuer's common stock underlying any earned PSUs will vest and be delivered on or about the end of the five-year performance period, 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.