GOLDMAN SACHS GROUP INC 8-K

What Happened

• Goldman Sachs Group, Inc. filed an 8-K on January 23, 2026 (Item 8.01) announcing that its Board, on the Compensation Committee’s recommendation, set Chairman and CEO David Solomon’s total annual compensation for 2025 at $47.0 million, up from $39.0 million in 2024. The Board noted the decision was guided by the firm’s Assessment Framework of financial and non‑financial performance measures.

Key Details

• Total 2025 compensation: $47.0 million vs. $39.0 million in 2024.
• Pay components (amount / % at grant): Base salary $2.0M (unchanged), PSUs $31.5M (70%, equity tied 100% to firmwide performance), Carried Interest Program (CIP) allocation $3.4M (7.5%), Cash $10.1M (22.5%).
• Committee cited 2025 firm results: net revenues $58.28B, net earnings $17.18B, diluted EPS $51.32, ROE 15.0%; total shareholder return 57%, quarterly dividend up 33%, and nearly $17B returned to common shareholders.
• Committee factors included both absolute and peer-relative financial performance, strategic priorities, client orientation, risk management and controls, and people and culture.

Why It Matters

• This filing tells investors how Goldman’s board rewarded CEO performance for 2025 and how pay is structured (mostly equity PSUs tied to firmwide results plus a carried-interest allocation). The increase and the cited strong 2025 financial and shareholder metrics provide context for governance decisions and management incentives, which can affect shareholder alignment and future capital allocation.