Leibowitz Shelley B 4

What Happened
Shelley B. Leibowitz, a director of Morgan Stanley (MS), was granted 1,309.777 restricted stock units (RSUs) on 2026-06-01. The Form 4 lists the acquisition price as $0.00 (transaction code A — award/grant). The filing shows these are RSUs that convert into common shares at a 1:1 ratio per the plan footnote.

Key Details

• Transaction date: 2026-06-01; Form 4 filed: 2026-06-02 (appears timely).
• Security: Restricted stock units (convertible to common stock 1:1).
• Amount granted: 1,309.777 RSUs; reported price: $0.00 (standard for awards).
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnote: RSUs granted under the Morgan Stanley Directors' Equity Capital Accumulation Plan; convertible to common stock 1:1.
• Transaction code: A = Award/Grant.

Context
RSU grants to directors are a form of compensation and are not open-market purchases or sales — they do not by themselves indicate the director is buying or selling stock. Vesting schedules or other conditions (if any) are not detailed in the provided excerpt; conversion to actual shares will depend on the plan terms.