Fernandez Henry A 4

What Happened Henry A. Fernandez, Chairman and CEO of MSCI Inc. (MSCI), was granted 42,193 performance stock options (PSOs) on January 26, 2026 (reported on Form 4). The PSOs are reported as a derivative award with an acquisition price of $0 (the filing records this as an award, not a cash purchase or sale). These PSOs were originally granted Feb 2, 2023 and, after certification by the Compensation, Talent and Culture Committee that the performance condition was met for the 2023–2025 performance period, are scheduled to vest on Feb 2, 2026.

Key Details

• Transaction date: 2026-01-26 (Period of Report); Form 4 filed 2026-01-28 (timely within the standard 2-business-day window).
• Transaction type: Award/Grant of derivative securities (PSOs); 42,193 underlying shares; reported acquisition price $0.
• Vesting: PSOs were granted 02/02/2023 and vest on 02/02/2026 subject to continuous service and the certified performance condition.
• Footnote: F1 confirms the performance condition for Jan 1, 2023–Dec 31, 2025 was met for 42,193 shares; PSOs will vest on Feb 2, 2026.
• Shares owned after transaction: Not specified in the provided Form 4 details.

Context These are performance-based stock options (derivative award) that give Fernandez the right to purchase shares if/when they vest; they are not an immediate cash exercise or sale. Awards like this reflect compensation tied to multi-year performance targets and do not, by themselves, indicate an open-market purchase or sale of company stock.