Form 4: Morgan Stanley Co-President Daniel Simkowitz Reports Stock Transactions
SEC Form 4 Filing
Morgan Stanley Co-President Daniel Simkowitz reported the acquisition of restricted stock units and the disposal of shares to cover taxes.
Summary
- Daniel Simkowitz, Co-President of Morgan Stanley, reported transactions involving the company's common stock.
- On January 17, 2025, Mr. Simkowitz acquired 51,256.66 shares of common stock through the conversion of restricted stock units, granted as part of his 2024 year-end compensation.
- Also on January 17, 2025, 38,878 shares were disposed of at a price of $135.81 per share to satisfy tax obligations related to the vesting of restricted stock units granted on January 20, 2022.
- Following these transactions, Mr. Simkowitz directly owns 460,360.097 shares of Morgan Stanley common stock and indirectly owns 1,748.009 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions related to executive compensation. It does not indicate any positive or negative sentiment.
Industry Context
This is a routine filing related to executive compensation and is common for publicly traded companies. It reflects the vesting of equity awards and the subsequent tax obligations.
Comparison to Industry Standards
- The use of restricted stock units as part of executive compensation is a standard practice in the financial industry.
- The tax withholding process is also a common practice when restricted stock units vest.
- Other financial institutions such as Goldman Sachs and JP Morgan Chase also use similar equity compensation structures for their executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the standard vesting of executive compensation.
- The transactions do not have a material impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 01/20/2022 | Date of grant for restricted stock units that vested and triggered tax obligations. |
| 01/17/2025 | Date of the reported stock transactions, including acquisition of shares from restricted stock units and disposal of shares for tax purposes. |
Keywords
Morgan Stanley, Daniel Simkowitz, stock transaction, restricted stock units, Form 4, insider trading, equity compensation
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