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The Boston Globe

Business

Goldman Sachs sped delivery of $65 million in stock grants to executives to beat tax hikes

NEW YORK — Goldman Sachs accelerated the delivery of $65 million in stock awards to 10 executives, including chief executive Lloyd Blankfein, helping them avoid higher tax rates that take effect this year.

The awards are restricted stock granted for years prior to 2012, according to 10 separate filings made public on Monday. The executives surrendered 45 percent to 50 percent of their awards in order to pay taxes, according to the filings. Goldman’s stock climbed 41 percent in 2012, its first annual gain since 2009.

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