Form 4: Morgan Stanley CEO Edward Pick Transfers 200,000 Shares to Grantor Retained Annuity Trust

Morgan Stanley's CEO, Edward N. Pick, reports a transfer of 200,000 shares of common stock to a grantor retained annuity trust (GRAT) on July 17, 2024.

Summary

• Edward N. Pick, CEO of Morgan Stanley, filed a Form 4 with the SEC on July 19, 2024.
• The filing reports a transaction on July 17, 2024, where Mr. Pick transferred 200,000 shares of Morgan Stanley common stock to a grantor retained annuity trust (GRAT).
• The price per share at the time of the transaction was $106.12.
• Following the transaction, Mr. Pick directly owns 801,407.394 shares of Morgan Stanley common stock.
• He also indirectly owns 4,098.507 shares through a 401(k) plan.
• The transfer to the GRAT does not change the total number of shares beneficially owned by Mr. Pick for Section 16 purposes.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to a routine transaction. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a personal financial planning move by the CEO and doesn't necessarily reflect a change in the company's outlook.

Key Dates