Morgan Stanley filings document the company’s financial services business, capital structure, governance and material events. The record includes 8-K reports for current events, proxy materials for annual meeting and shareholder voting matters, and securities listings covering common stock, depositary preferred shares and medium-term notes associated with Morgan Stanley Finance LLC.
Filings also disclose governance procedures, registered security classes, NYSE listing information, preferred stock series, debt-security registration matters and formal status changes such as a Form 25 notice for removal of a listed note class from exchange registration.
Morgan Stanley Finance LLC amends a preliminary pricing supplement for Principal-at-Risk, auto-callable structured notes due March 4, 2031 linked to the worst performing of the Dow Jones Industrial Average and the S&P 500®.
Each note has a $1,000 stated principal amount, an estimated value on the pricing date of approximately $948.40, a strike/pricing date of February 27, 2026, and a final determination date of February 27, 2031. Call thresholds are 100% of initial levels and downside thresholds are 90%. Scheduled early redemption payments rise across four annual determination dates (first determination date March 5, 2027), and a payment at maturity can be $1,420, the stated principal, or a principal amount reduced pro rata to the worst performing underlier down to zero.
Morgan Stanley Chief Financial Officer Sharon Yeshaya reported two stock transactions involving the company’s common stock. On February 19, 2026, she acquired 17,399 shares at $0.00 per share as a grant/award, earned based on the company’s achievement of pre-established average return on tangible common equity performance criteria tied to one-half of a performance stock unit award granted on January 18, 2023.
On the same date, 9,622 shares were disposed of at $176.59 per share to satisfy tax withholding obligations upon conversion of that performance stock unit award, rather than through an open-market sale. After these transactions, Yeshaya directly owned 143,882.2 shares of Morgan Stanley common stock.
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.
Morgan Stanley Co-President Andrew M. Saperstein reported mixed equity compensation activity in Morgan Stanley common stock. He acquired 52,777 shares on a grant or award basis at $0.00 per share, earned based on the company’s achievement of pre-established average return on tangible common equity performance criteria tied to a January 18, 2023 performance stock unit award. He then disposed of 26,943 shares at $176.59 per share, with the shares withheld to satisfy taxes upon conversion of that performance stock unit award. Following these transactions, he directly owned 307,976.385 shares of Morgan Stanley common stock.
Morgan Stanley executive Michael A. Pizzi, Head of Technology & Operations, received a grant of 16,432 shares of common stock on February 19, 2026 at no cash cost, earned under a performance stock unit award tied to the company’s average return on tangible common equity.
On the same date, 7,900 shares were disposed of at $176.59 per share to cover tax withholding triggered by the PSU conversion, leaving him with 136,935.42 directly held shares.
Morgan Stanley Chief Legal/Admin Officer Eric F. Grossman reported equity compensation activity in common stock. He acquired 22,715 shares at $0.0000 per share as a grant tied to the company’s achievement of pre-established return on tangible common equity performance criteria from a January 18, 2023 performance stock unit award. To cover associated tax obligations on this conversion, 11,597 shares were disposed at $176.5900 per share through share withholding. After these transactions, he held 180,428.209 common shares directly.
Morgan Stanley Finance LLC amends a preliminary pricing supplement for its Dual Directional Buffered PLUS securities due March 2, 2029, linked to the worst performing of the iShares Bitcoin Trust ETF and the S&P 500® Index. Each security has a stated principal amount of $1,000 and an issue price of $1,000. The document shows an estimated value on the pricing date of approximately $919.80.
Key economics: a 278% leverage factor for upside, a 20% buffer (80% buffer level), an absolute return participation rate of 100%, and a minimum payment at maturity of 20% of principal. Observation date is February 27, 2029 and maturity is March 2, 2029. Payments depend on the worst performing underlier and are subject to Morgan Stanley credit risk.
Morgan Stanley Chief Client Officer Mandell Crawley reported a mix of equity award activity and related tax withholding. On February 19, 2026, he acquired 9,666 shares of common stock at $0.00 per share as a grant/award, earned based on the company’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, 4,935 shares of common stock were disposed of at $176.59 per share to satisfy tax obligations upon conversion of that performance award. Following these transactions, Crawley held 73,926.888 shares of Morgan Stanley common stock directly.
Morgan Stanley Chairman and CEO Edward Pick reported equity compensation activity in company stock. He acquired 60,897 shares of common stock at a price of $0.0000 per share as a grant or award, based on the company’s achievement of pre-established average return on tangible common equity performance criteria for a performance stock unit award originally granted on January 18, 2023.
On the same date, 33,731 shares of common stock were disposed of at $176.5900 per share to satisfy tax withholding obligations upon conversion of that performance stock unit award. After these transactions, he held 639,028.764 shares of common stock directly, plus additional indirect holdings of 4,298.477 shares through a 401(k) plan and 104,963 shares through a grantor retained annuity trust.
Morgan Stanley Finance LLC is offering $3,800,000 of Trigger GEARS linked to the Invesco S&P 500® Equal Weight ETF (RSP). The Securities have an Issue Price of $10 and an estimated Trade Date value of $9.667 per Security. They mature on February 21, 2031 and require you to hold to maturity for the contingent repayment feature.
The Securities provide an Upside Gearing of 1.23: if the Underlying Share Return is >0, payment at maturity = $10 + [$10 × (Return × 1.23)]. The Downside Threshold is $152.68 (approximately 75% of the Initial Price of $203.57); if the Final Price is below that threshold, holders are exposed to losses proportionate to the negative Underlying Share Return. No interest or dividends are paid; all payments are subject to issuer credit risk.