James Erika H 4

What Happened

• Erika H. James, a director of Morgan Stanley (MS), was granted 1,309.777 restricted stock units (RSUs) on 2026-06-01. The RSUs are reported at $0.00 per share (total reported value $0) and were granted under the Morgan Stanley Directors' Equity Capital Accumulation Plan.
• This was an equity award (transaction code A), not an open-market purchase or sale — a form of compensation rather than a trade.

Key Details

• Transaction date: 2026-06-01; Form 4 filed: 2026-06-02 (timely filing).
• Price reported: $0.00 per share; total reported consideration $0.
• Shares owned after transaction: Not specified in the provided report.
• Footnote: The RSUs are convertible into common stock on a 1:1 basis under the Morgan Stanley Directors' Equity Capital Accumulation Plan.
• No 10b5-1 plan, tax-withholding note, or sale/transfer instructions were reported in this filing.

Context

• Restricted stock units are a common form of director compensation; they typically vest over time or upon meeting conditions and convert into actual shares later, so this grant does not represent an immediate market purchase or sale.
• Because this is a compensation award, it should not be interpreted as a direct buy/sell signal; it reflects standard director pay practices.