Oh To Be Goldman's CFO

Pot Of Gold

Harvey M. Schwartz, who became Goldman Sachs' Chief Financial Officer last week, owns stock and options in the bank worth about $75m.

Bloomberg reports that 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 Friday. He also has 302,888 options that expire in 2018, the filing with the Securities and Exchange Commission shows.

At Friday’s closing price of $149.90, the shares and restricted stock units, which are fully vested, are worth $52m. The options, which have strike price of $78.78, are worth about $22.8m, according to Bloomberg calculations.

In the meantime, The Wall Street Journal reports that the Kiawah Island, S.C., home of former Goldman Sachs partner Jeffrey Weingarten has been reduced 31% to $18m from $26m.

Set on 11.7 acres of land on a peninsula, the 15,000-square-foot cedar-shingle home has seven bedrooms, nine full baths and three half-baths. There's an oak-paneled foyer, Carrara marble in the guest bathrooms, a large butler's pantry and an oversize island in the kitchen. A vault in the dining room can hold silver, and a private office has a wine cellar and built-in cigar humidor connected to it.

The property includes a guesthouse with a fitness and media room, about 5,000 square feet of porches and decking, a heated infinity-edge pool, outdoor kitchen and a private dock.

Goldman Sachs’s Schwartz Owns Stock, Options Worth $75 Million

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