In 2024, David M. Solomon earned $35.15M in total compensation at Goldman Sachs Group, including $2.00M salary, $8.33M bonus and $23.70M in stock. Most recently sold 6,550 shares in Nov 2024. Currently holds stock worth $121.09M. 7+ years at the helm of Goldman Sachs Group.
Compensation History
Annual executive compensation data for David M. Solomon, including salary, bonuses, and stock awards.
Year
2024
Total Compensation
$35.15M
Salary
$2.00M
Bonus
$8.33M
Other
$1.13M
Salary
$2.00MBoard Justification
Our compensation program reflects our pay-for-performance culture, promotes retention and creates long-term shareholder alignment without undue emphasis on shorter-term results.
Bonus
$8.33MBoard Justification
Annual cash incentives subjectively awarded by the Compensation Committee based on its vague “Assessment Framework”
Other Compensation
$1.13MBoard Justification
Includes Defined Contribution Plan Employer Contribution, Term Life Insurance Premium, Executive Medical and Dental Plan Premium, Long-Term Disability Insurance Premium, Executive Life Premium, Benefits and Tax Counseling Services, Car, and Carried Interest Distributions.
Restricted Stock
Board Justification
2020 Year-End PSUs granted to David Solomon, which settled on April 30, 2024, values were determined by multiplying 50% of the aggregate number of PSUs earned, representing the cash-settled portion of the award, by $415.07, the ten-day average closing price per share of Common Stock on the NYSE on April 16, 2024 - April 29, 2024, and multiplying 50% of the aggregate number of PSUs earned, representing the stock-settled portion of the award, by $430.81, the closing price per share of Common Stock on the NYSE on April 29, 2024.
Performance Metrics
Significant shareholder value creation in the year, including a 48% increase in stock price, a 9% increase in the quarterly dividend and 7% book value per share growth as well as a record amount of capital returned to common shareholders in 2024. Strong firmwide financial performance in 2024 and a significant year-over-year improvement as a result of strategic execution, the strength of our client franchise and an improving operating environment.
David M. Solomon
CEO of Goldman Sachs Group
Education
Harvard University
Field of Expertise
Finance & Banking - Finance
Sector of Economy
Financial Services
Born
January 1, 1962 - 63 years ago
CEO of Goldman Sachs Group for
7 years 2 months (Oct 2018 - Present)
Previous Experience
President and Chief Operating Officer of Goldman Sachs since 2017, co-head of the Investment Banking Division since 2006.
Other Goldman Sachs Group CEOs
Holdings
Track David M. Solomon's stock holdings and portfolio value over time.
Total Stock Sold
$48.96M
$48.96M
154,512 GS shares
What if they kept their stock?
If David M. Solomon didn't sell their stock, today they would have:
Extra GS154,512 shares worth $132.04M.
This is 169.68% and $83.08M more than what they got when they sold the stock.
Insider Trading
David M. Solomon's recent stock transactions, purchases, and sales filed with the SEC.
$4.00M
GS at $610.91/share
Nov 29, 2024
Sale
$3.00M
GS at $500.29/share
Aug 15, 2024
Sale
$3.02M
GS at $457.32/share
May 10, 2024
Sale
$1.50M
GS at $356.28/share
Aug 1, 2023
Sale
$3.46M
GS at $345.87/share
Jul 20, 2023
Sale
$2.53M
GS at $341.32/share
Oct 28, 2022
Sale
$3.27M
GS at $334.57/share
Apr 19, 2022
Sale
$5.16M
GS at $376.68/share
Jul 14, 2021
Sale
$3.12M
GS at $312.44/share
Feb 19, 2021
Sale
$2.02M
GS at $237.92/share
Aug 1, 2018
Sale
Rivals
Compare David M. Solomon with competitor CEOs and industry peers.
Robert Reffkin
Founder and CEO of Compass
2023 Compensation
Stock
$6.73M
Salary
$500.00K
Bonus
$7.10M
Other
$78.32K
Total Holdings
$47.56M
Joaquin Duato
CEO of Johnson & Johnson
2024 Compensation
Stock
$7.13M
Salary
$1.60M
Bonus
$3.22M
Other
$1.08M
Total Holdings
$1.09M
Jamie Dimon
CEO of JPMorgan Chase
2024 Compensation
Stock
$57.26M
Salary
$1.50M
Bonus
$5.00M
Other
$0.00
Total Holdings
$40.88M
Jane Fraser
CEO of Citigroup
2023 Compensation
Stock
$0.00
Salary
$1.50M
Bonus
$3.68M
Other
$19.80K
Total Holdings
$30.04M
Elon Musk
Founder and CEO of Tesla, Inc.
2024 Compensation
Stock
$0.00
Salary
$0.00
Bonus
$0.00
Other
$0.00
Total Holdings
$171.47B