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    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.

    Goldman, the fifth-biggest US bank by assets, typically delivers executives’ restricted stock during January. The decision to speed up the delivery came as Congress passed a bill that would increase tax rates on capital gains and on individuals who make taxable income of $400,000 or more.


    Michael DuVally, a spokesman for the bank, declined to comment on the reason for the accelerated delivery or on which other employees received stock early.

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    ‘‘This agreement is a step forward to injecting growth and investor confidence into the U.S. economy,’’ he said in an e- mailed statement. ‘‘While more progress clearly will be needed, particularly in regards to restraining the growth in government spending, this measure lays the foundation for more economic growth.’’

    He received 66,065 shares worth $8.43 million at the closing price Monday, according to a company filing.

    Bloomberg News