Morgan Stanley (MS) Co-President logs PSU share grant and tax withholding

Rhea-AI Filing Summary

Morgan Stanley Co-President Daniel A. Simkowitz reported equity compensation activity involving company common stock. He acquired 32,865 shares on February 19, 2026 at $0.0000 per share, described as shares earned based on Morgan Stanley’s achievement of pre-established average return on tangible common equity performance criteria tied to a performance stock unit award granted on January 18, 2023.

On the same date, 18,175 shares at $176.59 per share were disposed of to satisfy taxes upon conversion of that performance stock unit award. Following these transactions, he directly owned 373,802.079 shares of common stock. A separate line shows 1,805.331 shares held indirectly through a 401(k) plan.

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

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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^*

SIMKOWITZ DANIEL A

(Last) (First) (Middle)

C/O MORGAN STANLEY

1585 BROADWAY

(Street)

NEW YORK NY 10036

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/19/2026

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

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

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

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	02/19/2026		A(1)		32,865	A	$0	391,977.079	D
Common Stock	02/19/2026		F(2)		18,175	D	$176.59	373,802.079	D
Common Stock								1,805.331	I	By 401(k) Plan

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. Shares earned based on the Company's achievement of pre-established Company average return on tangible common equity performance criteria with respect to one-half of the target performance stock unit award ("PSU Award") granted on January 18, 2023.

2. Shares withheld to satisfy taxes upon the conversion of the PSU Award described in footnote (1).

Remarks:

	/s/ Martin M. Cohen, Attorney-in-Fact	02/20/2026
	** 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.

FAQ

What did Morgan Stanley (MS) Co-President Daniel A. Simkowitz report on this Form 4?

Daniel A. Simkowitz reported equity compensation-related transactions in Morgan Stanley common stock. He received a share grant from a performance stock unit award and had shares withheld to cover taxes upon that award’s conversion, with updated direct and 401(k) holdings disclosed.

How many Morgan Stanley (MS) shares did Daniel A. Simkowitz acquire in this filing?

He acquired 32,865 shares of Morgan Stanley common stock at a stated price of $0.0000 per share. The filing notes these shares were earned based on pre-established average return on tangible common equity performance criteria from a performance stock unit award granted January 18, 2023.

Why were 18,175 Morgan Stanley (MS) shares disposed of in Daniel A. Simkowitz’s Form 4?

18,175 shares were disposed of to satisfy taxes upon conversion of the performance stock unit award. The shares are priced at $176.59 each and the filing describes this as payment of tax liability by delivering securities rather than a discretionary open-market sale.

What performance criteria were tied to Daniel A. Simkowitz’s Morgan Stanley (MS) share grant?

The granted shares were earned based on Morgan Stanley’s achievement of pre-established average return on tangible common equity performance criteria. These criteria applied to one-half of the target performance stock unit award originally granted to Daniel A. Simkowitz on January 18, 2023.

What are Daniel A. Simkowitz’s Morgan Stanley (MS) holdings after these transactions?

After these transactions, he directly owned 373,802.079 shares of Morgan Stanley common stock. The filing also lists 1,805.331 additional shares held indirectly through a 401(k) plan, reflecting retirement-plan ownership separate from his direct holdings.

Does this Morgan Stanley (MS) Form 4 show any open-market stock purchases or sales?

The reported transactions relate to equity compensation and tax withholding, not open-market trading. One entry is a grant of earned shares from a performance stock unit award, and another is a tax-withholding disposition at $176.59 per share upon that award’s conversion.