Goldman Sachs’s Schwartz Owns Stock, Options Worth $75 Million
Harvey M. Schwartz, who became Goldman Sachs Group Inc. (GS)’s chief financial officer yesterday, owns stock and options in the bank worth about $75 million.
Schwartz owns 175,493 shares of Goldman Sachs, along with 171,419 restricted stock units that have been awarded over the past three years, according to his initial ownership filing as CFO today. He also has 302,888 options that expire in 2018, the filing with the Securities and Exchange Commission shows.
At today’s closing price of $149.90, the shares and restricted stock units, which are fully vested, are worth $52 million. The options, which have strike price of $78.78, are worth about $22.8 million, according to Bloomberg calculations.
Schwartz, 48, was one of three global co-heads of the sales and trading division before the New York-based firm announced in September that he would succeed David A. Viniar as CFO at the end of January. Viniar, whose 12 years in the role made him the longest-serving CFO on Wall Street, is joining the bank’s board of directors.
Schwartz also owns 30,000 shares, with a value $4.5 million, in a trust that benefits a family member, according to the filing.
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