Director at Morgan Stanley (NYSE: MS) awarded new stock units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Morgan Stanley director Robert H. Herz reported an award of 1,309.777 shares of Common Stock on the company’s Form 4. The award was made at a stated price of $0.00 per share as a compensation-related grant rather than an open-market purchase.

The filing shows his directly held Common Stock position increasing to 102,562.562 shares following this transaction. A footnote explains that the grant consists of restricted stock units issued under the Morgan Stanley Directors' Equity Capital Accumulation Plan, which convert into Common Stock on a 1-for-1 basis.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Herz Robert H

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,309.777	$0.00	--

Holdings After Transaction: Common Stock — 102,562.562 shares (Direct, null)

Footnotes (1)

[object Object]

Key Figures

Shares granted: 1,309.777 shares Price per share for grant: $0.00 per share Shares held after transaction: 102,562.562 shares +1 more

4 metrics

Shares granted 1,309.777 shares Common Stock award on 2026-06-01

Price per share for grant $0.00 per share Stated transaction price for equity award

Shares held after transaction 102,562.562 shares Direct Common Stock ownership following grant

RSU conversion ratio 1 to 1 Restricted stock units to Common Stock under directors' plan

Key Terms

Restricted stock units, Directors' Equity Capital Accumulation Plan, Common Stock, Grant, award, or other acquisition

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.

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.

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

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Form 4 Insider Transactions: What Each Field Means →

06/02/2026 - 05:05 PM

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^*

Herz Robert H

(Last)

(First)

(Middle)

C/O MORGAN STANLEY

1585 BROADWAY

(Street)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/01/2026		A⁽¹⁾		1,309.777	A	$0	102,562.562	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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.

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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Morgan Stanley (MS) report for Robert H. Herz?

Morgan Stanley reported that director Robert H. Herz received an award of 1,309.777 shares of Common Stock. The shares came via a compensation grant, not an open-market purchase, and increased his directly held position to 102,562.562 shares.

Was the Morgan Stanley (MS) Form 4 transaction a stock purchase or a grant?

The Form 4 for Morgan Stanley shows a grant or award, not a market purchase. Code “A” and a $0.00 price per share indicate compensation-related restricted stock units rather than an open-market buy or sell transaction in the company’s stock.

How many Morgan Stanley (MS) shares does Robert H. Herz hold after this Form 4?

After the reported grant, Robert H. Herz directly holds 102,562.562 shares of Morgan Stanley Common Stock. This reflects the addition of 1,309.777 shares awarded under the company’s directors’ equity compensation plan as restricted stock units.

What are the terms of the Morgan Stanley (MS) restricted stock units granted?

The restricted stock units granted to Robert H. Herz convert into Morgan Stanley Common Stock on a 1-to-1 basis. They were issued under the Morgan Stanley Directors' Equity Capital Accumulation Plan, aligning director compensation with shareholder interests through equity awards.

Does the Morgan Stanley (MS) Form 4 indicate any stock sales by Robert H. Herz?

The Form 4 shows no stock sales by Robert H. Herz. It reports only one acquisition transaction coded “A,” representing a grant or award of 1,309.777 shares, with no corresponding sell, gift, tax-withholding, or restructuring entries disclosed.