Morgan Stanley Co-President receives stock award

Morgan Stanley Co-President Daniel A. Simkowitz reported compensation-related stock activity.

Rhea-AI Filing Summary

Morgan Stanley Co-President Daniel A. Simkowitz reported compensation-related stock activity. He received a grant of 32,865 shares of common stock earned under a performance stock unit award tied to relative return on tangible common equity. On the same date, 18,175 shares were withheld at $160.89 per share to cover taxes on the award conversion, so this disposition was not an open-market sale. After these entries, he directly holds 388,492.079 shares of common stock and indirectly holds 1,805.331 shares through a 401(k) plan.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider SIMKOWITZ DANIEL A

Role Co-President

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	32,865	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	18,175	$160.89	$2.92M
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 388,492.079 shares (Direct); Common Stock — 1,805.331 shares (Indirect, By 401(k) Plan)

Footnotes (2)

1. F1. Shares earned based on the Company's achievement of pre-established relative 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. F2. Shares withheld to satisfy taxes upon the conversion of the PSU Award described in footnote (1).

FAQ

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

What insider transaction did Morgan Stanley (MS) report for Daniel A. Simkowitz?

Morgan Stanley Co-President Daniel A. Simkowitz received 32,865 common shares as a performance-based stock award. The grant reflects shares earned from a prior PSU Award tied to relative return on tangible common equity performance criteria established in January 2023.

Were any Morgan Stanley (MS) shares sold by Daniel A. Simkowitz in this Form 4?

The filing shows 18,175 shares were disposed of to satisfy tax obligations at $160.89 per share. This F-code transaction represents tax withholding on the PSU Award conversion, not an open-market sale initiated for investment or trading purposes.

How many Morgan Stanley (MS) shares does Daniel A. Simkowitz hold after this filing?

Following these transactions, Simkowitz directly holds 388,492.079 Morgan Stanley common shares. He also has an additional 1,805.331 shares held indirectly through a 401(k) plan, as reported in the indirect ownership section of the Form 4.

What performance criteria were tied to the Morgan Stanley PSU Award granted to Daniel A. Simkowitz?

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

What does the F transaction code mean in this Morgan Stanley (MS) Form 4?

The F code indicates shares were withheld to pay taxes or exercise costs using stock rather than cash. Here, 18,175 shares were withheld specifically to satisfy taxes upon conversion of the performance stock unit award into common stock.

Is the Morgan Stanley (MS) Form 4 for Daniel A. Simkowitz related to derivative securities?

This Form 4 reflects the conversion of a previously granted performance stock unit award into common shares, then related tax withholding. The derivativeSummary section shows no remaining derivative transactions reported in this particular filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/13/2026 - 04:19 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^*

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)
03/12/2026

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	03/12/2026		A(1)		32,865	A	$0	406,667.079	D
Common Stock	03/12/2026		F(2)		18,175	D	$160.89	388,492.079	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 relative 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	03/13/2026
	** 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.
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