New CFO of Goldman Sachs Group Owns Stock, Options worth $75 Million

Northern, WI 02/04/2013 (wallstreetpr) – Harvey M. Schwartz is appointed as the chief financial officer of Goldman Sachs Group Inc (NYSE:GS) yesterday. It is estimated that Mr. Schwartz owns stocks and options worth $75 million in the bank.

Mr. Schwartz owns 175,493 shares of Goldman Sachs Group Inc (NYSE:GS), at present per share stands for $150 it is 1.38% up at closing. He also owns 171,419 restricted stock units; these all details were obtained on account of his initial ownership filing as a CFO today. The filing with security and exchange commissions revealed his 302,888 options which expire in 2018.

As per today’s closing rates per share $150 his stocks are estimated to worth $52 million. The options have a strike price of $79 which is estimated at $22 million by Bloomberg calculations.

Schwartz aged 48 was one of the three global heads of the sales division. In September, New York based firm decided that he will replace David. A. Viniar as a CFO, he was estimated to take charge in January. Mr. Viniar is the longest served CFO in the history of Wall Street and is about to take charge as a Board of director of the bank.

Schwartz also owns 30,000 shares worth $4.5 million; these shares are associated with a trust and benefit a family member, as mentioned in his filing.

The shares of Goldman Sachs Group Inc. (GS) (NYSE:GS) were down by 1.40% and currently trading at $147.75.

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Published by Brendan Byrne

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. You may contact Brendan via his email (brendanbyrne@wallstreetpr.com) or his Google+ page (https://plus.google.com/u/0/116608759701551457422).