Goldman Sachs 8-K

Summary

2025 CEO compensation. Goldman Sachs set David Solomon’s total annual compensation at $47M, up from $39M in 2024. The Compensation Committee cited shareholder returns and firmwide financial performance, among other factors.

Key Figures

• Total annual compensation: $47M for 2025 vs $39M for 2024, a 20.5% increase. Components: $2.0M base salary, $31.5M in performance share units (70%), $3.4M in carried interest program allocation (7.5%), and $10.1M cash (22.5%). Base salary and PSU design were unchanged year over year.
• The PSUs tie all equity-based compensation to ongoing firmwide performance metrics; the carried interest allocation ties part of compensation to the long-term performance of a strategic growth area.
• Compensation factors included 57% total shareholder return, 33% quarterly dividend growth, 6.2% book value per share growth, and ≈$17B returned to common shareholders. The firm also reported a 27% increase in diluted EPS and a 230 bp improvement in return on average common shareholders’ equity.
• FY2025 firm results: net revenues of $58.3B, net earnings of $17.2B, diluted EPS of $51.32, and return on equity of 15.0%.