Morgan Stanley director receives stock awards

NALLY DENNIS M reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

NALLY DENNIS M reported acquisition or exercise transactions in this Form 4 filing.

Morgan Stanley director Dennis M. Nally reported two stock-based compensation awards of Common Stock. On June 1, 2026, he received 345.304 shares as restricted stock units priced at $209.9594 per share under the Morgan Stanley Directors' Equity Capital Accumulation Plan.

He also received 1,309.777 deferred stock units under the same directors' plan in lieu of cash retainers. Both the restricted stock units and deferred stock units are convertible into shares of Common Stock on a 1-to-1 basis, reflecting routine equity compensation rather than open-market buying or selling.

Insider Trade Summary

Grant/Award: 1,655.081 shares

Grant/Award 2 txns

Insider NALLY DENNIS M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,309.777	$0.00	$0.00
Grant/Award	Common Stock	345.304	$209.9594	$72K

Holdings After Transaction: Common Stock — 47,076.481 shares (Direct)

Footnotes (2)

1. F1. Restricted stock units granted under the Morgan Stanley Directors' Equity Capital Accumulation Plan, which are convertible into shares of Common Stock at a ratio of 1 to 1.
2. F2. Deferred stock units granted under the Morgan Stanley Directors' Equity Capital Accumulation Plan in lieu of cash retainers paid for service on the Morgan Stanley Board of Directors. Stock units are convertible into shares of Common Stock at a ratio of 1 to 1.

Key Figures

Restricted stock units granted: 345.304 shares RSU reference price: $209.9594 per share Deferred stock units granted: 1,309.777 units +1 more

4 metrics

Restricted stock units granted 345.304 shares Common Stock RSUs granted on June 1, 2026

RSU reference price $209.9594 per share Price associated with 345.304 restricted stock units

Deferred stock units granted 1,309.777 units Deferred stock units granted in lieu of cash retainers

Conversion ratio 1 unit : 1 share Both RSUs and deferred stock units into Common Stock

Key Terms

Restricted stock units, Deferred stock units, Directors' Equity Capital Accumulation Plan, Common Stock

4 terms

Restricted stock units financial

"Restricted stock units granted under the Morgan Stanley Directors' Equity Capital Accumulation Plan"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Deferred stock units financial

"Deferred stock units granted under the Morgan Stanley Directors' Equity Capital Accumulation Plan in lieu of cash retainers"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

Directors' Equity Capital Accumulation Plan financial

"granted under the Morgan Stanley Directors' Equity Capital Accumulation Plan"

Common Stock financial

"convertible into shares of Common Stock at a ratio of 1 to 1"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Morgan Stanley (MS) director Dennis M. Nally report on this Form 4?

Dennis M. Nally reported receiving stock-based compensation awards. He was granted restricted stock units and deferred stock units tied to Morgan Stanley Common Stock under the company’s Directors' Equity Capital Accumulation Plan, rather than buying or selling shares in the open market.

How many Morgan Stanley shares were granted to Dennis M. Nally as restricted stock units?

He received 345.304 restricted stock units linked to Morgan Stanley Common Stock. These units were valued at a reference price of $209.9594 per share and were granted under the Morgan Stanley Directors' Equity Capital Accumulation Plan as part of director compensation.

What are the deferred stock units Dennis M. Nally received from Morgan Stanley (MS)?

Dennis M. Nally received 1,309.777 deferred stock units under the Directors' Equity Capital Accumulation Plan. These units were granted in lieu of cash retainers for board service and are convertible into shares of Morgan Stanley Common Stock on a 1-to-1 basis.

Were Dennis M. Nally’s reported Morgan Stanley transactions open-market buys or sells?

No, the transactions were not open-market buys or sells. Both entries are coded as awards (Code A), representing stock-based compensation grants of restricted stock units and deferred stock units under Morgan Stanley’s directors’ plan, rather than discretionary trading.

How are the Morgan Stanley units reported by Dennis M. Nally converted into Common Stock?

Both restricted stock units and deferred stock units convert into Morgan Stanley Common Stock on a 1-to-1 basis. Each unit equals one share upon conversion, according to the Directors' Equity Capital Accumulation Plan terms described in the filing’s footnotes.

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Accepted by SEC EDGAR 06/02/2026 - 05:06 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

NALLY DENNIS M

(Last) (First) (Middle)

C/O MORGAN STANLEY

1585 BROADWAY

(Street)

NEW YORK NEW YORK 10036

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MORGAN STANLEY [ MS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/01/2026		A(1)		1,309.777	A	$0	46,731.177	D
Common Stock	06/01/2026		A(2)		345.304	A	$209.9594	47,076.481	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Restricted stock units granted under the Morgan Stanley Directors' Equity Capital Accumulation Plan, which are convertible into shares of Common Stock at a ratio of 1 to 1.

2. Deferred stock units granted under the Morgan Stanley Directors' Equity Capital Accumulation Plan in lieu of cash retainers paid for service on the Morgan Stanley Board of Directors. Stock units are convertible into shares of Common Stock at a ratio of 1 to 1.

Remarks:

	/s/ Martin M. Cohen, Attorney-in-Fact	06/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)