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.
