John Waldron, President and Chief Operating Officer of Goldman Sachs (NYSE:GS), has disclosed the sale of more than $13.6M worth of company stock in a series of transactions this week, a regulatory filing indicated on Friday.
Waldron, who also serves as a member of the U.S. banking giant’s board, sold 18,244 shares of Goldman Sachs (NYSE:GS) on Wednesday and Thursday, according to the SEC Form 4 filing he has submitted.
The transactions, conducted at prices ranging from $748.61 to $750.74, have reduced his stake in the company by 15%, as he continues to hold nearly 106.3K Goldman (NYSE:GS) shares per the filing.
Waldron, widely considered as CEO David Solomon’s successor, joined the company’s board in February. Both executives were offered stock awards worth $80M each early this year as retention bonuses.
