Insider Trading January 27, 2026

Goldman Sachs Treasurer Sells $1.6M in Stock as RSUs Are Exercised; CEO Pay Rises

Transaction details: 1,557 shares sold; 4,034 shares received via RSU exercise; CEO David Solomon’s 2025 pay increased to $47 million

By Caleb Monroe GS
Goldman Sachs Treasurer Sells $1.6M in Stock as RSUs Are Exercised; CEO Pay Rises
GS

Goldman Sachs Global Treasurer Halio Carey executed a sale of 1,557 shares on January 23, 2026, totaling $1,617,530, while also acquiring shares through the exercise of restricted stock units. Separately, the bank disclosed a higher total compensation package for CEO David Solomon for 2025 and noted involvement of its alternatives arm in a Series A funding round for a storage software platform.

Key Points

  • Halio Carey, Goldman Sachs Global Treasurer, sold 1,557 shares on January 23, 2026, for $1,617,530 with trade prices between $917.78 and $924.08.
  • Carey exercised 4,034 restricted stock units the same day; 1,966 shares were withheld for tax or withholding obligations, valued at $1,876,841 at $954.65 per share.
  • Goldman Sachs raised CEO David Solomon’s total annual compensation for 2025 to $47 million, a 21% increase, and Growth Equity at Goldman Sachs Alternatives led a $63 million Series A for Cubby to enhance its software and AI products.

Halio Carey, who serves as Global Treasurer at Goldman Sachs Group Inc., sold 1,557 shares of the firm’s common stock on January 23, 2026, with the aggregate proceeds reported at $1,617,530. The disposition was executed through multiple trades, with execution prices ranging between $917.78 and $924.08 per share.

On the same date, Carey also took delivery of 4,034 shares through the exercise of restricted stock units (RSUs). To satisfy the withholding obligations associated with that delivery, 1,966 of those shares were withheld. The withheld portion was valued at $1,876,841 based on a per-share price of $954.65.

These movements - a partial sale and a separate RSU exercise - were disclosed in filings relating to the firm’s insiders. The sale and the contemporaneous receipt of shares through equity compensation reflect two distinct types of insider transactions recorded on the same day.


In related disclosures concerning the firm’s executive compensation and activities involving the bank’s business lines, Goldman Sachs reported an increase in the total annual compensation for its chief executive officer, David Solomon, for the year 2025. The filing sets Mr. Solomon’s total pay at $47 million for 2025, a 21 percent rise from the prior year. That total includes a $2 million base salary and $45 million in additional compensation provided through a mix of shares, cash, and carried interest.

Separately, Goldman Sachs Alternatives - specifically Growth Equity at the Alternatives business - led a $63 million Series A financing for Cubby, a self-storage property management platform. The stated purpose of that capital infusion is to support enhancements to Cubby’s software and artificial intelligence products.

The filing and public notices also referenced developments elsewhere in the financial industry. JPMorgan Chase & Co. has reportedly directed its investment banking teams to increase efforts to win more mergers and acquisitions engagements after its M&A unit lagged peers in 2025. Additionally, Verition Fund Management closed a trading team led by former Goldman Sachs executives following underperformance; that team had moved from index rebalancing strategies to event-driven trades prior to its shutdown.

These items collectively document a set of compensation and personnel developments, insider activity, and corporate investment moves tied to major financial institutions and an emerging technology-enabled property management platform.

Risks

  • Insider sales and exercises do not, by themselves, indicate future company performance; the market reaction to such filings can vary - impacts are primarily within equity markets and financial sector sentiment.
  • Executive compensation increases, such as the CEO’s higher total pay, may draw investor scrutiny and could influence governance discussions - this affects the financial services and institutional investor community.
  • The closure of a trading team for poor performance and shifts in bank M&A strategy underscore operational and revenue execution risks at large banks - implications are relevant for investment banking and asset management sectors.

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