Form 4: Morgan Stanley Co-President Daniel Simkowitz Sells 40,000 Shares
SEC Form 4 Filing
Daniel Simkowitz, Co-President of Morgan Stanley, sold 40,000 shares of common stock on July 17, 2024, at a weighted average price of $106.5442.
Summary
- On July 17, 2024, Daniel A. Simkowitz, Co-President of Morgan Stanley, sold 40,000 shares of Morgan Stanley common stock.
- The sale was executed at a weighted average price of $106.5442 per share.
- Following the transaction, Simkowitz directly owns 442,522.397 shares of Morgan Stanley common stock.
- Simkowitz also indirectly owns 1,721.345 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock sale by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions. It provides transparency into the trading activities of company executives, which can be of interest to investors.
Stakeholder Impact
- The sale of shares by a high-ranking executive could be perceived negatively by some shareholders, potentially leading to speculation about the reasons behind the sale.
Key Dates
| Date | Description |
|---|---|
| 07/17/2024 | Date of transaction: Daniel Simkowitz sold 40,000 shares of Morgan Stanley common stock. |
| 07/19/2024 | Date of signature: Form 4 signed by Martin M. Cohen, Attorney-in-Fact. |
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