NALLY DENNIS M 4

What Happened
Dennis M. Nally, a director of Morgan Stanley (MS), was granted two equity awards on 2026-06-01: 1,309.777 restricted stock units (RSUs) and 345.304 deferred stock units. The deferred stock units have a reported grant value of $209.96 per unit, totaling $72,500. The RSUs are reported at $0 purchase price on the filing (award/grant), consistent with compensation awards rather than an open-market purchase.

Key Details

• Transaction date: 2026-06-01; Form 4 filed 2026-06-02 (timely filing).
• Awards: 1,309.777 RSUs (reported at $0) and 345.304 deferred stock units at $209.96 each (total $72,500).
• Total units granted: 1,655.081.
• Shares owned after transaction: not specified in the provided filing data.
• Footnotes: F1 = RSUs under the Morgan Stanley Directors' Equity Capital Accumulation Plan (convertible 1:1 into common shares). F2 = Deferred stock units granted in lieu of cash retainers under the same plan (convertible 1:1).
• Transaction code: A = Award/Grant (compensation), not a buy or sell.

Context

• These awards are director compensation and do not represent an open-market purchase or sale; they typically reflect pay for board service rather than a trading signal.
• Deferred stock units are paid in stock instead of cash retainers and convert to shares on a 1:1 basis per the plan.
• No 10b5-1 plan, tax-withholding, option exercise, or sale details are indicated in the provided data.