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Goldman Sachs sped up $65 mn in stock awards

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Bloomberg

Goldman Sachs Group Inc 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 of restricted stock granted for years prior to 2012, according to 10 separate filings made public at about 8 pm New York time on December 31. Each executive sold between 45 per cent and 50 per cent of their stock in order to pay taxes, according to the filings.

 

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First Published: Jan 03 2013 | 1:43 AM IST

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