Goldman Sachs: COO John Waldron Gains $13.6 Million

Goldman Sachs's COO, John Waldron, sold 18,244 shares of the company in a transaction valued at approximately $13.6 million, based on the closing price of $745.25 per share on Friday.

Despite the sale, Waldron retains approximately 300,000 shares in the company, according to Reuters.

Waldron is considered a potential successor to CEO David Solomon. The two received stock retention bonuses totaling $80 million earlier this year.

Waldron joined the company's board in February 2023 and has served as President and COO since October 2018, overseeing Goldman Sachs's three main divisions.

The sale of shares comes amid scrutiny of executive compensation and stock transactions in the financial sector.