GLOCER THOMAS H 4

What Happened
Thomas H. Glocer, a director of Morgan Stanley (MS), was granted a total of 1,821.781 stock units on 2026-06-01 via two awards. The filing shows 1,309.777 units reported at $0.00 (value $0) and 512.004 units reported at $209.96 each, valued at $107,500. These are awards/grants (transaction code A), representing director compensation rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-01; Form 4 filed: 2026-06-02 (filed promptly; not late).
• Award breakdown:
  • 1,309.777 units @ $0.00 = $0
  • 512.004 units @ $209.96 = $107,500
• Footnotes: Awards consist of restricted stock units (RSUs) and deferred stock units under the Morgan Stanley Directors' Equity Capital Accumulation Plan; both convert to common shares on a 1:1 basis (see F1/F2).
• Shares owned after transaction: Not disclosed in the provided filing.
• Transaction type: Award/grant (A). No sale, purchase (cash), or option exercise reported.

Context

• These grants are director compensation (routine) and are different from open‑market purchases or sales that might signal an insider’s market view. Deferred stock units are often used to defer cash retainer payments and do not necessarily indicate buying sentiment.
• No immediate sale or cashless exercise was reported; the units are convertible into common stock at a 1:1 ratio per the footnotes.
• Not a 10% owner transaction; this is a director compensation award.