Form 4: Morgan Stanley Officer Sells Shares Under 10b5-1 Plan
Insider Transaction Report
Morgan Stanley's Chief Legal and Administrative Officer, Eric F. Grossman, reported the sale of 21,555 common shares and a gift of 2,495 shares.
Summary
- Eric F. Grossman, Chief Legal and Administrative Officer of Morgan Stanley, reported transactions involving company common stock.
- On January 20, 2026, Grossman sold 21,555 shares of Morgan Stanley common stock at a weighted average price of $184.0008 per share.
- The shares were sold in multiple transactions with prices ranging from $184.00 to $184.02, totaling approximately $3,965,947.13.
- On the same date, Grossman also disposed of 2,495 shares of common stock via a gift (transaction code 'G') at a price of $0.
- Following these transactions, Grossman beneficially owns 168,510.085 shares of Morgan Stanley common stock directly.
- The reported transactions were made pursuant to a Rule 10b5-1(c) plan.
Sentiment
Score: 5
Explanation: Neutral, as Form 4 filings are routine disclosures of insider transactions and do not inherently convey positive or negative sentiment about the company's performance or future prospects. The sale was made under a 10b5-1 plan, indicating it was pre-scheduled.
Future Outlook
NA
Industry Context
This Form 4 filing details a routine insider transaction by a senior executive at Morgan Stanley, a leading global financial services firm. Such disclosures are standard practice for publicly traded companies and provide transparency into executive stock ownership changes.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Insider Trading Plan Disclosure | The reported transactions were made pursuant to a Rule 10b5-1(c) plan, which allows insiders to set up a pre-arranged plan to buy or sell company stock to avoid accusations of insider trading. | 01/20/2026 | Indicates a pre-scheduled transaction rather than a discretionary sale, which is generally viewed as a positive governance practice for managing insider stock sales. |
Stakeholder Impact
- Shareholders: Provides transparency regarding executive stock ownership and trading activity, which is a standard disclosure for corporate governance.
- Employees: No direct impact mentioned.
- Customers: No direct impact mentioned.
- Suppliers: No direct impact mentioned.
- Creditors: No direct impact mentioned.
Key Dates
| Date | Description |
|---|---|
| 01/20/2026 | Date of earliest transaction (sale and gift of common stock) |
| 01/22/2026 | Signature date of the reporting person's attorney-in-fact |
Keywords
Morgan Stanley, MS, Insider Trading, Form 4, Stock Sale, Executive Compensation, Eric F. Grossman, Chief Legal Officer, 10b5-1 Plan
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