Form 4: Morgan Stanley Director Stephen Luczo Sells 60,000 Shares

Stephen Luczo, a director at Morgan Stanley, sold 60,000 shares of common stock at an average price of $119.1745 on October 17, 2024.

Summary

• On October 17, 2024, Stephen Luczo, a director of Morgan Stanley, sold 60,000 shares of Morgan Stanley common stock.
• The sale was executed at a weighted average price of $119.1745 per share.
• The prices for individual transactions ranged from $118.87 to $119.83.
• Following the transaction, Luczo directly owns 17,878.775 shares and indirectly owns 138,363 shares through a revocable trust and 34,000 shares through a family trust.
• 26,000 shares of Common Stock previously reported as indirectly beneficially owned by a grantor retained annuity trust were transferred back to the Reporting Person's Revocable Trust in satisfaction of an annuity payment.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders of a company (such as directors or officers) buy or sell the company's securities. This provides transparency to the market regarding insider transactions.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, but it's a relatively small transaction and may not have a significant impact.

Key Dates