Miscik Judith A 4

What Happened Judith A. Miscik, a director of Morgan Stanley (MS), was granted 1,309.777 restricted stock units (RSUs) on 2026-06-01. The filing reports an acquisition price of $0.00 because this was an award/grant (transaction code "A"), not a purchase. The RSUs are convertible into shares of Morgan Stanley common stock on a 1:1 basis per the plan footnote.

Key Details

• Transaction date: 2026-06-01 (Form 4 filed 2026-06-02).
• Transaction type: Award/Grant of RSUs (code A). Reported price: $0.00.
• Shares/Units granted: 1,309.777 restricted stock units.
• Shares owned after transaction: not disclosed in this Form 4.
• Footnote: RSUs granted under the Morgan Stanley Directors' Equity Capital Accumulation Plan, convertible into common stock at a 1:1 ratio.
• Timeliness: Filing was made the day after the grant (not marked late).

Context This is an equity award to a board member, not an open-market purchase or sale. RSU grants are common compensation for directors; they typically convert to shares upon vesting or fulfillment of plan conditions, so this grant does not represent an immediate cash transaction or sale of stock.