PICK EDWARD 4

What Happened

• Edward Pick, Chairman and CEO of Morgan Stanley (MS), was credited with 60,897 shares on Feb 19, 2026 as the vesting/conversion of a performance stock unit award (reported as an acquisition at $0.00). To satisfy tax withholding upon conversion, 33,731 shares were withheld/disposed at $176.59 per share, generating proceeds of about $5.96 million.

Key Details

• Transaction dates: Feb 19, 2026 (reported on Form 4 filed Feb 20, 2026) — appears timely.
• Award: 60,897 shares acquired (code A) at $0.00 per share.
• Tax withholding: 33,731 shares disposed/withheld (code F) at $176.59 per share; reported proceeds $5,956,557.
• Shares owned after transaction: not specified in the provided filing summary.
• Footnotes: F1 — shares earned based on company average return on tangible common equity for half of a PSU award granted Jan 18, 2023; F2 — shares withheld to satisfy taxes on conversion.
• Transaction codes: A = award/acquisition; F = shares withheld for tax withholding.

Context

• This was a compensation-related award conversion (PSU vesting) with net settlement via share withholding to cover taxes — a routine executive compensation event rather than an open-market buy or sale. The filing shows the award shares were recorded at $0.00 per the grant conversion; withheld shares were used to satisfy tax obligations.