Form 4: Stephen J. Luczo Reports Changes in Beneficial Ownership of Morgan Stanley Stock Following Retirement

Stephen J. Luczo, a director of Morgan Stanley, reports stock units acquired and restricted stock units cancelled due to retirement from the board, effective December 31, 2024.

Summary

• Stephen J. Luczo, a director at Morgan Stanley, filed a Form 4 detailing changes in beneficial ownership of Morgan Stanley stock.
• The changes are due to his retirement from the Morgan Stanley Board of Directors, effective December 31, 2024.
• He acquired 76.168 shares of common stock at a price of $125.8177 per share under the Morgan Stanley Directors' Equity Capital Accumulation Plan in lieu of cash retainers.
• He also had 1,114.706 unvested restricted stock units cancelled under the same plan.
• Following these transactions, Luczo directly owns 17,342.918 shares of Morgan Stanley common stock.
• He also indirectly owns 138,363 shares through a revocable trust and 34,000 shares through a family trust.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing reflects standard transactions related to a director's retirement and equity compensation plan.

Industry Context

Form 4 filings are standard practice when corporate insiders, like directors, buy or sell their company's stock, providing transparency to investors.

Management Changes

Stakeholder Impact

• Shareholders are informed about changes in insider ownership.
• Employees may be affected by changes in board composition.

Key Dates