Form 4: Morgan Stanley Chief Risk Officer Reports Stock Transactions

Charles Aubrey Smith III, Chief Risk Officer at Morgan Stanley, reported the acquisition and disposal of company stock on January 17, 2025, related to restricted stock units and tax obligations.

Summary

• Charles Aubrey Smith III, Morgan Stanley's Chief Risk Officer, reported transactions involving the company's common stock on January 17, 2025.
• He acquired 29,328.67 shares of common stock through the conversion of restricted stock units granted as part of his 2024 year-end compensation.
• Simultaneously, 20,237 shares were disposed of to cover tax obligations arising from the conversion of restricted stock units granted on January 20, 2022.
• Following these transactions, Smith directly owns 137,808.174 shares of common stock and indirectly owns 5,351.427 shares through a 401(k) plan.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and does not indicate any significant positive or negative sentiment. It is a routine filing.

Positives

• The acquisition of 29,328.67 shares indicates continued alignment of the Chief Risk Officer's interests with the company's performance.
• The conversion of restricted stock units is a standard part of executive compensation.

Negatives

• The disposal of 20,237 shares to cover tax obligations is a standard procedure but reduces the overall shareholding.

Risks

• There are no specific risks highlighted in this document, as it primarily details routine stock transactions related to executive compensation.

Industry Context

This is a standard SEC Form 4 filing, which is a routine disclosure for corporate insiders reporting changes in their beneficial ownership of company stock. It is common for executives to receive stock-based compensation and to have shares withheld to cover taxes.

Comparison to Industry Standards

• The reported transactions are typical for executive compensation packages in large financial institutions like Morgan Stanley.
• Similar filings are regularly made by executives at comparable firms such as Goldman Sachs, JP Morgan Chase, and Bank of America, reflecting similar compensation structures and tax obligations.

Stakeholder Impact

• The transactions have a minimal impact on shareholders, as they are part of routine executive compensation and tax procedures.

Key Dates

Keywords

Morgan Stanley, Chief Risk Officer, Stock Transactions, Restricted Stock Units, Form 4, Executive Compensation, Share Ownership