Nov. 30 (Bloomberg) -- Goldman Sachs Group Inc. Chief Executive Officer Lloyd C. Blankfein and President Gary D. Cohn exercised more 10-year-old stock options, boosting their total gains to more than $5 million each.
David A. Viniar, 57, who is set to step down as chief financial officer in January, made $11.9 million by selling 100,000 shares yesterday for $118.77 apiece, according to a filing today. He also gave 50,000 shares to an unidentified recipient, the filing showed.
Eight executives at Goldman Sachs, including Blankfein, Cohn and Viniar, have collected more than $47.7 million by selling shares and exercising options that were granted 10 years ago at a strike price of $78.87 this month and last, according to company filings. Shares obtained by exercising options this week were sold at prices ranging from $116.65 to $121.29.
Blankfein, 58, collected $2.78 million this week exercising 68,834 options that were due to expire this month and selling the underlying shares, adding to a $3.15 million gain last month, according to filings. Cohn, 52, reaped $3.64 million exercising 90,000 options and selling the shares, adding to $1.87 million made from sales in October, the filings show.
J. Michael Evans, 55, the vice chairman who oversees Goldman Sachs’s emerging-markets business, booked $13.2 million by exercising options and selling shares, according to a Nov. 26 filing.
Michael S. Sherwood, 47, the firm’s London-based vice chairman and co-head of the European business, made about $517,000 this week after converting $5.23 million in options last month. In November 2009, Sherwood made about $15.7 million exercising options on 182,860 shares.
Gregory K. Palm, 64, Goldman Sachs’s general counsel, made about $1.11 million by exercising 27,573 options this week, according to a filing Nov. 28.
In addition to his sale this week, Viniar made $2.28 million by selling 50,751 shares obtained by exercising options last month. John S. Weinberg, 55, a vice chairman and co-head of investment banking, made $1.87 million selling 41,094 shares after converting options in October, filings show.
Sarah Smith, the chief accounting officer, exercised 4,107 options and sold the underlying shares for a profit of $185,681 last month, a filing showed.
Michael DuVally, a spokesman at Goldman Sachs in New York, declined to comment on the executives’ sales.
To contact the reporter on this story: Christine Harper in New York at email@example.com
To contact the editor responsible for this story: David Scheer at firstname.lastname@example.org.