Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-09-24

MORGAN STANLEY (MS)

CEO Edward Pick was paid $37,187,657 in fiscal year 2025, ↑ up 49.5% from fiscal year 2024, the 50th percentile of its disclosed peer group (SEC filing 0001140361-26-012975 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$37,187,657 ↑
Edward Pick total, FY2025
50th
CEO pay percentile vs peers
273:1
CEO-to-median pay ratio
95.47%
Say-on-pay support, latest vote

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Sample answer — “What is the CEO’s total compensation?”
- Edward Pick (Chairman of the Board and Chief Executive Officer), FY2025 total compensation $37,187,657 (base salary $1,500,000) [exec_comp, SEC accession 0001140361-26-012975, filed 2026-04-02]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

MS's next annual pay disclosure, estimated March 31, 2027.est. Filing ↗

Page 2 of 35 of the MORGAN STANLEY Executive Compensation Report, as it is delivered: Executive Summary.

That is page 2 of 35 of the full Executive Compensation Report, shown as it is delivered. The rest:

  1. Summary Compensation Table
  2. Equity transactions since the proxy statement
  3. Grants of plan-based awards
  4. Outstanding equity awards at fiscal year-end
  5. Incentive-plan design (CD&A)
  6. Say-on-pay
  7. CEO pay ratio
  8. Director compensation
  9. Board fee structure and ownership guideline
  10. Disclosed peer group
  11. Source register

Every figure above cites the filing it came from (accession 0001140361-26-012975, filed 2026-09-24) — see the source register, §11.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Edward Pick$1,500,000$10,875,000$24,476,463$0$0$20,870$315,324$37,187,657
Chairman of the Board and Chief Executive Officer
Andrew Saperstein1,000,00011,187,50016,159,849005,479109,72628,462,554
Co-President and Head of Wealth Management and Investment Management
Daniel Simkowitz1,000,00011,187,50016,159,8490028,21414,00028,389,563
Co-President and Head of Institutional Securities
Eric Grossman1,000,0007,887,50010,284,614005,68694,28619,272,086
Executive Vice President, Chief Legal Officer and Chief Administrative Officer
Sharon Yeshaya1,000,0007,887,50010,284,614006,71836,90319,215,735
Executive Vice President and Chief Financial Officer

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Edward Pick$37,187,657$24,881,032$44,059,955↑ +12,306,625
Andrew Saperstein28,462,55423,876,51540,908,000↑ +4,586,039
Daniel Simkowitz28,389,56322,697,82938,797,315↑ +5,691,734
Eric Grossman19,272,086———
Sharon Yeshaya19,215,73515,242,99111,262,618↑ +3,972,744

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Data as of September 24, 2026 · Source: 0001140361-26-012975 · Velarion Executive Compensation Database, deposited on Zenodo (doi:10.5281/zenodo.22283855).

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Companies that benchmark against MS
25 companies name MS as a compensation peer

Each company listed discloses MS in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named MS in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

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01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Dennis M. NallyIndependent Director$420,000
Dennis M. NalyIndependent Director$420,000
Douglas L. PetersonIndependent Director$351,667
Erika H. JamesIndependent Director$390,000
Hironori KamezawaDirector—
Jami MiscikIndependent Director$420,000
Lynn J. GoodIndependent Director$286,667
Mary L. SchapiroIndependent Director$390,000
Masato MiyachiDirector—
Megan ButlerIndependent Director$622,109
Perry M. TraquinaIndependent Director$430,000
Rayford Wilkins, JrIndependent Director$420,000
Robert H. HerzIndependent Director$430,000
Shelley B. LeibowitzIndependent Director$390,000
Stephen J. LuczoDirector—
Thomas H. GlocerLead Independent Director$490,000
Yasushi ItagakiDirector—
02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Mandell CrawleyChief Client Officer2026-04-16D300$189$56,714CommonForm 4 ↗
Mandell CrawleyChief Client Officer2026-04-16D2,546187476,743CommonForm 4 ↗
Sharon YeshayaChief Financial Officer2026-04-16D9,17200CommonForm 4 ↗
Andrew SapersteinCo-President2026-04-16D1,400190266,621CommonForm 4 ↗
Sharon YeshayaChief Financial Officer2026-04-16A9,17200CommonForm 4 ↗
Andrew SapersteinCo-President2026-04-16D6,5841871,232,539CommonForm 4 ↗
Mandell CrawleyChief Client Officer2026-04-16D13,2831882,502,298CommonForm 4 ↗
Mandell CrawleyChief Client Officer2026-04-16D1,05300CommonForm 4 ↗
Andrew SapersteinCo-President2026-04-16D600192115,269CommonForm 4 ↗
Andrew SapersteinCo-President2026-04-16D3,190191610,238CommonForm 4 ↗
Andrew SapersteinCo-President2026-04-16D6,3531891,201,664CommonForm 4 ↗
Andrew SapersteinCo-President2026-04-16D33,5411886,317,991CommonForm 4 ↗
Daniel SimkowitzCo-President2026-04-17D14,6901892,779,987CommonForm 4 ↗
Daniel SimkowitzCo-President2026-04-17D8,00000CommonForm 4 ↗
Eric GrossmanChief Legal/Admin Officer2026-04-20D5,5591901,056,210CommonForm 4 ↗
Eric GrossmanChief Legal/Admin Officer2026-04-20D5,5591921,064,549CommonForm 4 ↗
Thomas H. GlocerDirector2026-06-01A1,309.7800CommonForm 4 ↗
Robert H. HerzDirector2026-06-01A1,309.7800CommonForm 4 ↗
Jami MiscikDirector2026-06-01A1,309.7800CommonForm 4 ↗
Douglas L. PetersonDirector2026-06-01A1,309.7800CommonForm 4 ↗
Lynn J. GoodDirector2026-06-01A1,309.7800CommonForm 4 ↗
Erika H. JamesDirector2026-06-01A1,309.7800CommonForm 4 ↗
Shelley B. LeibowitzDirector2026-06-01A1,309.7800CommonForm 4 ↗
Megan ButlerDirector2026-06-01D19021039,892CommonForm 4 ↗
Megan ButlerDirector2026-06-01A1,309.7800CommonForm 4 ↗
Rayford Wilkins, JrDirector2026-06-01A1,309.7800CommonForm 4 ↗
Dennis M. NallyDirector2026-06-01A1,309.7800CommonForm 4 ↗
Thomas H. GlocerDirector2026-06-01A512210107,500CommonForm 4 ↗
Douglas L. PetersonDirector2026-06-01A273.8621057,500CommonForm 4 ↗
Dennis M. NallyDirector2026-06-01A345.321072,500CommonForm 4 ↗
Lynn J. GoodDirector2026-06-01A273.8621057,500CommonForm 4 ↗
Perry M. TraquinaDirector2026-06-01A1,309.7800CommonForm 4 ↗
Perry M. TraquinaDirector2026-06-01A369.1221077,500CommonForm 4 ↗
Mary L. SchapiroDirector2026-06-01A1,309.7800CommonForm 4 ↗
Sharon YeshayaChief Financial Officer2026-07-16D6,3822231,420,059CommonForm 4 ↗
Sharon YeshayaChief Financial Officer2026-07-16D9,1722232,040,862CommonForm 4 ↗
Michael A. PizziHead Technology & Operations2026-07-17D7,1012171,540,065CommonForm 4 ↗
Michael A. PizziHead Technology & Operations2026-07-17D17,0642153,668,760CommonForm 4 ↗
Mary L. SchapiroDirector2026-07-28D2,32500CommonForm 4 ↗
Mary L. SchapiroDirector2026-07-28D1,000212212,055CommonForm 4 ↗
MITSUBISHI UFJ FINANCIAL GROUP INCGreater-than-10% holder2026-07-30D414,39621388,383,622CommonForm 4 ↗
Stanley Morgan—2026-09-15D94——CommonForm 4 ↗
MITSUBISHI UFJ FINANCIAL GROUP INCGreater-than-10% holder2026-09-22D1,340,519213284,950,638CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Andrew SapersteinPSU2025-01-17066,514—99,772$9,147,349
Eric GrossmanPSU2025-01-17031,064—46,5964,272,114
Sharon YeshayaRSU2025-01-17——43,947—6,012,500
Sharon YeshayaPSU2025-01-17031,064—46,5964,272,114
Daniel SimkowitzRSU2025-01-17——51,256—7,012,500
Eric GrossmanRSU2025-01-17——43,947—6,012,500
Edward PickRSU2025-01-17——35,632—4,875,000
Andrew SapersteinRSU2025-01-17——51,256—7,012,500
Edward PickPSU2025-01-170142,530—213,79619,601,463
Daniel SimkowitzPSU2025-01-17066,514—99,7729,147,349
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Andrew Saperstein$7,012,500$9,147,349$056.6%
Eric Grossman6,012,5004,272,114041.5%
Sharon Yeshaya6,012,5004,272,114041.5%
Daniel Simkowitz7,012,5009,147,349056.6%
Edward Pick4,875,00019,601,463080.1%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Andrew SapersteinRSU120,243—$21,346,838
Sharon YeshayaPSU136,996—24,321,212
Daniel SimkowitzPSU501,876—89,098,680
Eric GrossmanPSU228,414—40,550,886
Daniel SimkowitzRSU120,243—21,346,838
Edward PickRSU120,243—21,346,838
Edward PickPSU736,908—130,824,113
Andrew SapersteinPSU584,848—103,828,745
05

Incentive-plan design — the Compensation Discussion & Analysis

The Firm's compensation philosophy is fundamental to our goals of attracting, retaining, and motivating our workforce in a competitive market. Our compensation philosophy provides the guiding principles that drive compensation-related decisions.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantSemler Brossy
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-141,245,481,86455,201,5623,937,40395.47%Passed
20252025-05-151,269,649,96256,388,5174,353,86795.75%Passed
20242024-05-231,011,776,281336,712,0147,880,31875.03%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-1495.47%a
20252025-05-1595.75%b
20242024-05-2375.03%c

a. Approved under the standard stated in the filing — “Non-Binding Advisory Vote to Approve Executive Compensation FOR The affirmative vote of a majority of the shares of common stock represented at the annual meeting and entitled to vote thereon (for, against and abstain) Vote Against No Effect”.

b. Approved under the standard stated in the filing — “Proposal Board's Recommendation Vote Required to Adopt Proposal Effect of Abstentions Effect of "Broker Non-Votes" Election of Directors FOR Majority of votes cast (for and against) with respect to such director * No Effect No Effect Ratification of Appointment of Auditor FOR The affirmative vote of a majority of the shares of common stock represented at the annual meeting and entitled to vote thereon (for, against and abstain) Vote Against Not Applicable Non-Binding Advisory Vote to Approve Executive Compensation FOR The affirmative vote of a majority of the shares of common stock represented at the annual meeting and entitled to vote thereon (for, against and abstain) Vote Against No Effect Shareholder Proposal AGAINST The affirmative vote of a majority of the shares of common stock represented at the annual meeting and entitled to vote thereon (for, against and abstain) Vote Against No Effect * Under Delaware law, if a director does not receive a majority of votes cast in an uncontested election, the director will continue to serve on the Board.”.

c. Approved under the standard stated in the filing — “Proposal Board's Recommendation Vote Required to Adopt Proposal Effect of Abstentions Effect of "Broker Non-Votes" Election of Directors FOR Majority of votes cast (for and against) with respect to such director * No Effect No Effect Ratification of Appointment of Auditor FOR The affirmative vote of a majority of the shares of common stock represented at the annual meeting and entitled to vote thereon (for, against and abstain) Vote Against Not Applicable Non-Binding Advisory Vote to Approve Executive Compensation FOR The affirmative vote of a majority of the shares of common stock represented at the annual meeting and entitled to vote thereon (for, against and abstain) Vote Against No Effect Shareholder Proposal AGAINST The affirmative vote of a majority of the shares of common stock represented at the annual meeting and entitled to vote thereon (for, against and abstain) Vote Against No Effect * Under Delaware law, if a director does not receive a majority of votes cast in an uncontested election, the director will continue to serve on the Board.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)273 : 1
CEO total compensation$37,187,657
Median employee compensation$136,396
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Megan ButlerIndependent · Audit$115,000$275,000$0$0$232,109$622,109
Thomas H. GlocerIndependent · Lead Independent Director · Compensation, Management Development and Succession · Governance and Sustainability215,000275,00000—490,000
Robert H. HerzIndependent · Audit (Chair) · Governance and Sustainability155,000275,00000—430,000
Perry M. TraquinaIndependent · Risk (Chair) · Operations and Technology155,000275,00000—430,000
Dennis M. NalyIndependent · Compensation, Management Development and Succession (Chair) · Audit · Partial-year service145,000275,000000420,000
Rayford Wilkins, JrIndependent · Governance and Sustainability (Chair) · Compensation, Management Development and Succession145,000275,00000—420,000
Jami MiscikIndependent · Operations and Technology (Chair) · Risk145,000275,00000—420,000
Dennis M. NallyIndependent · Compensation, Management Development and Succession (Chair) · Audit145,000275,00000—420,000
Mary L. SchapiroIndependent · Governance and Sustainability · Risk115,000275,00000—390,000
Shelley B. LeibowitzIndependent · Audit · Operations and Technology115,000275,00000—390,000
Erika H. JamesIndependent · Compensation, Management Development and Succession · Governance and Sustainability115,000275,00000—390,000
Douglas L. PetersonIndependent · Risk · Newly elected76,667275,00000—351,667
Lynn J. GoodIndependent · Audit · Partial-year service · Newly elected57,500229,16700—286,667
Hironori KamezawaNot independent · Risk000000
Masato MiyachiNot independent · Operations and Technology000000
Yasushi ItagakiNot independent · Operations and Technology · Partial-year service · Newly elected000000
Stephen J. Luczo000000
Edward PickEmployee director · Board Chair000—00
09

Board fee structure and ownership guideline

Annual cash retainer$115,000
Annual equity retainer$275,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)40,000 / 30,000 / 30,000
Stock ownership guideline5x annual cash retainer ($575,000)
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$1,699,167
Equity awards (grant-date value)$3,529,167
All other compensation$232,109
Total cost of the board$5,460,443

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies MORGAN STANLEY names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including MORGAN STANLEY.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Goldman Sachs2025David Solomon$2,000,000$101,177,384$0$0$118,135,674
2Citigroup2025Jane Fraser1,500,00059,570,80028,600,000095,757,800
3Wells Fargo2025Charles Scharf2,500,00051,938,27829,988,820094,522,642
4Bank of New York Mellon2025Robin Vince1,300,00047,440,14125,000,0049,510,00083,472,970
5Capital One Financial2025Richard Fairbank058,127,0290064,971,137
6American Express2025Stephen Squeri1,729,16723,486,2575,399,962046,239,805
7JPMorgan2025James Dimon1,500,00032,500,000——40,632,724
8BlackRock2025Laurence Fink1,500,00024,600,1840037,749,569
9MORGAN STANLEY2025Edward Pick1,500,00024,476,4630037,187,657
10MasterCard2025Michael Miebach1,375,00020,711,4564,950,0097,957,95035,422,518
11Bank of America2025Brian Moynihan1,500,00030,666,7470033,711,521
12AIG2025Peter Zaffino1,500,00014,084,8554,374,99412,000,00032,460,049
13VISA2025Ryan McInerney1,505,78218,723,3065,687,5095,250,00031,560,660
14PayPal2025Alex Chriss1,325,34223,365,2940025,243,486
15MetLife2025Michel Khalaf1,500,00014,797,60104,600,00022,364,273
16Charles Schwab2025Richard Wurster1,248,4687,612,5535,075,0194,727,41618,755,222
17US Bancorp2025Gunjan Kedia1,141,66711,499,99603,232,26716,674,515
—Deutsche Bank——————not in coverage universe
—UBS Group——————not in coverage universe
—Barclays——————not in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
MORGAN STANLEYnot disclosedPSU 100NoSemler Brossy
AIGnot disclosedPSU 75 · Options 25NoPay Governance
American Express181%PSU 100Yes — 3-year TSR compared to LTIA Performance Peer GroupSemler Brossy
Bank of Americanot disclosednot disclosedNoSemler Brossy
Bank of New York Mellonnot disclosedPSU 75 · RSU 25Yes — TSR percentile vs. Relative Peer GroupMeridian
Barclaysnot disclosednot disclosednot disclosednot disclosed
BlackRocknot disclosedPSU 74 · RSU 26NoSemler Brossy
Capital One Financialnot disclosedPSU 62 · RSU 21 · Cash LTI 17Yes — Total Shareholder Return (TSR)FW Cook
Charles Schwab116.5%PSU 60 · Options 40NoSemler Brossy Consulting Group LLC
Citigroupnot disclosedPSU 50 · RSU 50Yes — TSRFW Cook
Deutsche Banknot disclosednot disclosednot disclosednot disclosed
Goldman Sachsnot disclosednot disclosedNoFrederic W. Cook & Co., Inc. (FW Cook)
JPMorgannot disclosedcash 40 · PSU 30 · RSU 30Nonot disclosed
MasterCard227%PSU 60 · RSU 20 · Options 20NoFW Cook
MetLife100.5%PSU 70 · RSU 30Yes — TSR relative to TSR Peer GroupSemler Brossy Consulting Group
PayPal98%PSU 50 · RSU 50Yes — rTSR vs S&P 500Compensia
UBS Groupnot disclosednot disclosednot disclosednot disclosed
US Bancorpnot disclosedPRSU 60 · RSU 40NoMeridian Compensation Partners, LLC
VISA140%PSU 50 · RSU 25 · Options 25Yes — Relative TSR vs. S&P 500Meridian
Wells Fargonot disclosedPSU 65 · RSU 35Yes — Relative TSRMeridian Compensation Partners

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at MORGAN STANLEY in fiscal 2025?
As disclosed, Edward Pick (Chairman of the Board and Chief Executive Officer) was the highest-paid executive at MORGAN STANLEY in fiscal 2025, with total compensation of $37,187,657.
How does MORGAN STANLEY's chief executive pay compare to its disclosed peer group?
As disclosed, Edward Pick's total compensation ranked at the 50th percentile of MORGAN STANLEY's disclosed peer group.
What is MORGAN STANLEY's CEO-to-median employee pay ratio?
As disclosed, MORGAN STANLEY's CEO-to-median employee pay ratio was 273:1.
How did shareholders vote on MORGAN STANLEY's executive compensation?
As disclosed, 95.47% of shareholders supported MORGAN STANLEY's executive compensation in the latest say-on-pay vote.
How much does MORGAN STANLEY spend in total on board compensation for fiscal 2025?
As disclosed, MORGAN STANLEY reported total board compensation of $5,460,443 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Edward PickDEF 14A2026-04-020001140361-26-012975Section “2025 Summary Compensation Table”. As printed: 37,187,657. Filing ↗machine: t623 · r2 · c22 · span 1563319–1563329
2Section 01, Andrew SapersteinDEF 14A2026-04-020001140361-26-012975Section “2025 Summary Compensation Table”. As printed: 28,462,554. Filing ↗machine: t623 · r8 · c22 · span 1591692–1591702
3Section 01, Daniel SimkowitzDEF 14A2026-04-020001140361-26-012975Section “2025 Summary Compensation Table”. As printed: 28,389,563. Filing ↗machine: t623 · r11 · c22 · span 1605555–1605565
4Section 01, Eric GrossmanDEF 14A2026-04-020001140361-26-012975Section “2025 Summary Compensation Table”. As printed: 19,272,086. Filing ↗machine: t623 · r14 · c22 · span 1619633–1619643
5Section 01, Sharon YeshayaDEF 14A2026-04-020001140361-26-012975Section “2025 Summary Compensation Table”. As printed: 19,215,735. Filing ↗machine: t623 · r5 · c22 · span 1577429–1577439
6Section 03, Andrew Saperstein PSUDEF 14A2026-04-020001140361-26-012975Section “2025 Grants of Plan-Based Awards (1)” · grants of plan-based awards table. Filing ↗machine: t638 · r7 · c22 · span 1701046–1701055
7Section 03, Eric Grossman PSUDEF 14A2026-04-020001140361-26-012975Section “2025 Grants of Plan-Based Awards (1)” · grants of plan-based awards table. Filing ↗machine: t638 · r11 · c22 · span 1719304–1719313
8Section 03, Sharon Yeshaya RSUDEF 14A2026-04-020001140361-26-012975Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t652 · r4 · c4 · span 1789392–1789398
9Section 03, Sharon Yeshaya PSUDEF 14A2026-04-020001140361-26-012975Section “2025 Grants of Plan-Based Awards (1)” · grants of plan-based awards table. Filing ↗machine: t638 · r5 · c22 · span 1691852–1691861
10Section 03, Daniel Simkowitz RSUDEF 14A2026-04-020001140361-26-012975Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t663 · r6 · c4 · span 1861242–1861251
11Section 03, Eric Grossman RSUDEF 14A2026-04-020001140361-26-012975Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t663 · r8 · c4 · span 1868932–1868941
12Section 03, Edward Pick RSUDEF 14A2026-04-020001140361-26-012975Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t652 · r3 · c4 · span 1787679–1787685
13Section 03, Andrew Saperstein RSUDEF 14A2026-04-020001140361-26-012975Section “2025 Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t663 · r4 · c7 · span 1853406–1853415
14Section 03, Edward Pick PSUDEF 14A2026-04-020001140361-26-012975Section “2025 Grants of Plan-Based Awards (1)” · grants of plan-based awards table. Filing ↗machine: t638 · r3 · c22 · span 1682670–1682680
15Section 03, Daniel Simkowitz PSUDEF 14A2026-04-020001140361-26-012975Section “2025 Grants of Plan-Based Awards (1)” · grants of plan-based awards table. Filing ↗machine: t638 · r9 · c22 · span 1710240–1710249
16Section 07, pay ratioDEF 14A2026-04-020001140361-26-012975Section “CEO Pay Ratio”. As printed: 273 : 1. Filing ↗machine: span 1946762–1946765
17Section 08, Megan ButlerDEF 14A2026-04-020001140361-26-012975Section “Director Compensation”. As printed: 622,109. Filing ↗machine: t410 · r2 · c16 · span 938867–939046
18Section 08, Thomas H. GlocerDEF 14A2026-04-020001140361-26-012975Section “Director Compensation”. As printed: 490,000. Filing ↗machine: t410 · r3 · c16 · span 942316–942495
19Section 08, Robert H. HerzDEF 14A2026-04-020001140361-26-012975Section “Director Compensation”. As printed: 430,000. Filing ↗machine: t410 · r5 · c16 · span 949251–949430
20Section 08, Perry M. TraquinaDEF 14A2026-04-020001140361-26-012975Section “Director Compensation”. As printed: 430,000. Filing ↗machine: t410 · r12 · c16 · span 973566–973745
21Section 08, Dennis M. NalyDEF 14A2026-04-020001140361-26-012975Section “Director Compensation”. As printed: 420,000. Filing ↗
22Section 08, Rayford Wilkins, JrDEF 14A2026-04-020001140361-26-012975Section “Director Compensation”. As printed: 420,000. Filing ↗machine: t410 · r13 · c16 · span 976297–976475
23Section 08, Jami MiscikDEF 14A2026-04-020001140361-26-012975Section “Director Compensation”. As printed: 420,000. Filing ↗machine: t410 · r8 · c16 · span 959681–959860
24Section 08, Dennis M. NallyDEF 14A2026-04-020001140361-26-012975Section “Director Compensation”. As printed: 420,000. Filing ↗machine: t410 · r9 · c16 · span 963129–963308
25Section 08, Mary L. SchapiroDEF 14A2026-04-020001140361-26-012975Section “Director Compensation”. As printed: 390,000. Filing ↗machine: t410 · r11 · c16 · span 970116–970295
26Section 08, Shelley B. LeibowitzDEF 14A2026-04-020001140361-26-012975Section “Director Compensation”. As printed: 390,000. Filing ↗machine: t410 · r7 · c16 · span 956237–956416
27Section 08, Erika H. JamesDEF 14A2026-04-020001140361-26-012975Section “Director Compensation”. As printed: 390,000. Filing ↗machine: t410 · r6 · c16 · span 952741–952920
28Section 08, Douglas L. PetersonDEF 14A2026-04-020001140361-26-012975Section “Director Compensation”. As printed: 351,667. Filing ↗machine: t410 · r10 · c16 · span 966624–966803
29Section 08, Lynn J. GoodDEF 14A2026-04-020001140361-26-012975Section “Director Compensation”. As printed: 286,667. Filing ↗machine: t410 · r4 · c16 · span 945804–945983
30Section 08, Hironori KamezawaDEF 14A2026-04-020001140361-26-012975Section “Director Compensation”. As printed: 0. Filing ↗
31Section 08, Masato MiyachiDEF 14A2026-04-020001140361-26-012975Section “Director Compensation”. As printed: 0. Filing ↗
32Section 08, Yasushi ItagakiDEF 14A2026-04-020001140361-26-012975Section “Director Compensation”. As printed: 0. Filing ↗
33Section 08, Stephen J. LuczoDEF 14A2026-04-020001140361-26-012975Section “Director Compensation”. As printed: 0. Filing ↗
34Section 08, Edward PickDEF 14A2026-04-020001140361-26-012975Section “Director Compensation”. As printed: 0. Filing ↗
35Section 02, Mandell Crawley 2026-04-16Form 42026-04-170001628280-26-025789Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Mandell Crawley 2026-04-16Form 42026-04-170001628280-26-025789Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Sharon Yeshaya 2026-04-16Form 42026-04-170001628280-26-025790Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Andrew Saperstein 2026-04-16Form 42026-04-170001628280-26-025791Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Sharon Yeshaya 2026-04-16Form 42026-04-170001628280-26-025790Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Andrew Saperstein 2026-04-16Form 42026-04-170001628280-26-025791Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Mandell Crawley 2026-04-16Form 42026-04-170001628280-26-025789Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Mandell Crawley 2026-04-16Form 42026-04-170001628280-26-025789Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Andrew Saperstein 2026-04-16Form 42026-04-170001628280-26-025791Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Andrew Saperstein 2026-04-16Form 42026-04-170001628280-26-025791Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Andrew Saperstein 2026-04-16Form 42026-04-170001628280-26-025791Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Andrew Saperstein 2026-04-16Form 42026-04-170001628280-26-025791Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Daniel Simkowitz 2026-04-17Form 42026-04-170001628280-26-025796Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Daniel Simkowitz 2026-04-17Form 42026-04-170001628280-26-025796Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Eric Grossman 2026-04-20Form 42026-04-200001628280-26-026008Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Eric Grossman 2026-04-20Form 42026-04-200001628280-26-026008Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Thomas H. Glocer 2026-06-01Form 42026-06-020001628280-26-039853Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Robert H. Herz 2026-06-01Form 42026-06-020001628280-26-039855Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Jami Miscik 2026-06-01Form 42026-06-020001628280-26-039857Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Douglas L. Peterson 2026-06-01Form 42026-06-020001628280-26-039858Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Lynn J. Good 2026-06-01Form 42026-06-020001628280-26-039861Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, Erika H. James 2026-06-01Form 42026-06-020001628280-26-039862Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Shelley B. Leibowitz 2026-06-01Form 42026-06-020001628280-26-039854Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Megan Butler 2026-06-01Form 42026-06-020001628280-26-039863Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, Megan Butler 2026-06-01Form 42026-06-020001628280-26-039863Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, Rayford Wilkins, Jr 2026-06-01Form 42026-06-020001628280-26-039864Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Dennis M. Nally 2026-06-01Form 42026-06-020001628280-26-039865Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, Thomas H. Glocer 2026-06-01Form 42026-06-020001628280-26-039853Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, Douglas L. Peterson 2026-06-01Form 42026-06-020001628280-26-039858Insider equity transaction reported since the proxy statement. Filing ↗
64Section 02, Dennis M. Nally 2026-06-01Form 42026-06-020001628280-26-039865Insider equity transaction reported since the proxy statement. Filing ↗
65Section 02, Lynn J. Good 2026-06-01Form 42026-06-020001628280-26-039861Insider equity transaction reported since the proxy statement. Filing ↗
66Section 02, Perry M. Traquina 2026-06-01Form 42026-06-020001628280-26-039859Insider equity transaction reported since the proxy statement. Filing ↗
67Section 02, Perry M. Traquina 2026-06-01Form 42026-06-020001628280-26-039859Insider equity transaction reported since the proxy statement. Filing ↗
68Section 02, Mary L. Schapiro 2026-06-01Form 42026-06-020001628280-26-039852Insider equity transaction reported since the proxy statement. Filing ↗
69Section 02, Sharon Yeshaya 2026-07-16Form 42026-07-170001628280-26-048656Insider equity transaction reported since the proxy statement. Filing ↗
70Section 02, Sharon Yeshaya 2026-07-16Form 42026-07-170001628280-26-048656Insider equity transaction reported since the proxy statement. Filing ↗
71Section 02, Michael A. Pizzi 2026-07-17Form 42026-07-170001628280-26-048651Insider equity transaction reported since the proxy statement. Filing ↗
72Section 02, Michael A. Pizzi 2026-07-17Form 42026-07-170001628280-26-048651Insider equity transaction reported since the proxy statement. Filing ↗
73Section 02, Mary L. Schapiro 2026-07-28Form 42026-07-290001628280-26-050605Insider equity transaction reported since the proxy statement. Filing ↗
74Section 02, Mary L. Schapiro 2026-07-28Form 42026-07-290001628280-26-050605Insider equity transaction reported since the proxy statement. Filing ↗
75Section 02, MITSUBISHI UFJ FINANCIAL GROUP INC 2026-07-30Form 42026-08-030001193125-26-329456Insider equity transaction reported since the proxy statement. Filing ↗
76Section 02, Stanley Morgan 2026-09-15Form 42026-09-170001140361-26-037006Insider equity transaction reported since the proxy statement. Filing ↗
77Section 02, MITSUBISHI UFJ FINANCIAL GROUP INC 2026-09-22Form 42026-09-240001193125-26-400093Insider equity transaction reported since the proxy statement. Filing ↗
78Section 06, 2026 voteForm 8-K2026-05-150000950103-26-007291Item 5.07 · say-on-pay result. As reported: 95.47% (votes for as printed: 1,245,481,864). Filing ↗
79Section 06, 2025 voteForm 8-K2025-05-160000950103-25-006128Item 5.07 · say-on-pay result. As reported: 95.75% (votes for as printed: 1,269,649,962). Filing ↗
80Section 06, 2024 voteForm 8-K2024-05-240000950103-24-007114Item 5.07 · say-on-pay result. As reported: 75.03% (votes for as printed: 1,011,776,281). Filing ↗
81Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
82Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
83Section 09b board cost (computed)Computed——Cash 1,699,167 + equity 3,529,167 + all other 232,109 = 5,460,443, summed across the director compensation table rows.machine: formula: Σ = 5,460,443
84Goldman Sachs, Section 10b CEO totalDEF 14A2026-03-200001193125-26-117433CEO total compensation as printed in Goldman Sachs's own proxy. As printed: 118,135,674. Filing ↗machine: t209 · span 2465661–2465672
85Citigroup, Section 10b CEO totalDEF 14A2026-04-020001206774-26-000185CEO total compensation as printed in Citigroup's own proxy. As printed: 95,757,800. Filing ↗machine: t303 · r1 · c9 · span 1389939–1389949
86Wells Fargo, Section 10b CEO totalDEF 14A2026-03-180000072971-26-000200CEO total compensation as printed in Wells Fargo's own proxy. As printed: 94,522,642. Filing ↗machine: r3 · c24 · span 1599000–1599010
87Bank of New York Mellon, Section 10b CEO totalDEF 14A2026-03-050001193125-26-092500CEO total compensation as printed in Bank of New York Mellon's own proxy. As printed: 83,472,970. Filing ↗machine: t239 · r3 · c34 · span 1121523–1121533
88Capital One Financial, Section 10b CEO totalDEF 14A2026-03-250001193125-26-124131CEO total compensation as printed in Capital One Financial's own proxy. As printed: 64,971,137. Filing ↗machine: t570 · r3 · c16 · span 1580979–1580990
89American Express, Section 10b CEO totalDEF 14A2026-03-250001104659-26-034163CEO total compensation as printed in American Express's own proxy. As printed: 46,239,805. Filing ↗machine: span 2098186–2098196
90JPMorgan, Section 10b CEO totalDEF 14A2026-04-060000019617-26-000096CEO total compensation as printed in JPMorgan's own proxy. As printed: 40,632,724. Filing ↗machine: span 1754306–1754316
91BlackRock, Section 10b CEO totalDEF 14A2026-04-100001308179-26-000262CEO total compensation as printed in BlackRock's own proxy. As printed: 37,749,569. Filing ↗machine: span 1984856–1984866
92MORGAN STANLEY (subject), Section 10b CEO totalDEF 14A2026-04-020001140361-26-012975CEO total compensation as printed in MORGAN STANLEY's own proxy. As printed: 37,187,657. Filing ↗machine: t623 · r2 · c22 · span 1563319–1563329
93MasterCard, Section 10b CEO totalDEF 14A2026-04-270001141391-26-000021CEO total compensation as printed in MasterCard's own proxy. As printed: 35,422,518. Filing ↗machine: r3 · c54 · span 1446723–1446733
94Bank of America, Section 10b CEO totalDEF 14A2026-03-230001193125-26-118929CEO total compensation as printed in Bank of America's own proxy. As printed: 33,711,521. Filing ↗machine: r3 · c39 · span 1377520–1377530
95AIG, Section 10b CEO totalDEF 14A2026-03-310000005272-26-000039CEO total compensation as printed in AIG's own proxy. As printed: 32,460,049. Filing ↗machine: r4 · c27 · span 1530030–1530040
96VISA, Section 10b CEO totalDEF 14A2025-12-080001308179-25-000635CEO total compensation as printed in VISA's own proxy. As printed: 31,560,660. Filing ↗machine: t249 · span 1369402–1369412
97PayPal, Section 10b CEO totalDEF 14A2026-04-070001193125-26-145721CEO total compensation as printed in PayPal's own proxy. As printed: 25,243,486. Filing ↗machine: t411 · r4 · c27 · span 1387299–1387309
98MetLife, Section 10b CEO totalDEF 14A2026-04-290001099219-26-000026CEO total compensation as printed in MetLife's own proxy. As printed: 22,364,273. Filing ↗machine: r2 · c8 · span 3558353–3558363
99Charles Schwab, Section 10b CEO totalDEF 14A2026-04-060001193125-26-142826CEO total compensation as printed in Charles Schwab's own proxy. As printed: 18,755,222. Filing ↗machine: span 943741–943751
100US Bancorp, Section 10b CEO totalDEF 14A2026-03-100001104659-26-025844CEO total compensation as printed in US Bancorp's own proxy. As printed: 16,674,515. Filing ↗machine: r1 · c42 · span 1202461–1202471
101Section 10a, JPMorgan reciprocityDEF 14A—0000019617-26-000096JPMorgan names MORGAN STANLEY in its own disclosed peer group (read from its most recent proxy). Filing ↗
102Section 10a, US Bancorp reciprocityDEF 14A—0001104659-26-025844US Bancorp's most recent proxy was read; its disclosed peer group does not include MORGAN STANLEY. Filing ↗
103Section 10a, BlackRock reciprocityDEF 14A—0001308179-26-000262BlackRock names MORGAN STANLEY in its own disclosed peer group (read from its most recent proxy). Filing ↗
104Section 10a, Capital One Financial reciprocityDEF 14A—0001193125-26-124131Capital One Financial names MORGAN STANLEY in its own disclosed peer group (read from its most recent proxy). Filing ↗
105Section 10a, Bank of America reciprocityDEF 14A—0001193125-26-118929Bank of America names MORGAN STANLEY in its own disclosed peer group (read from its most recent proxy). Filing ↗
106Section 10a, American Express reciprocityDEF 14A—0001104659-26-034163American Express names MORGAN STANLEY in its own disclosed peer group (read from its most recent proxy). Filing ↗
107Section 10a, PayPal reciprocityDEF 14A—0001193125-26-145721PayPal's most recent proxy was read; its disclosed peer group does not include MORGAN STANLEY. Filing ↗
108Section 10a, Charles Schwab reciprocityDEF 14A—0001193125-26-142826Charles Schwab names MORGAN STANLEY in its own disclosed peer group (read from its most recent proxy). Filing ↗
109Section 10a, Goldman Sachs reciprocityDEF 14A—0001193125-26-117433Goldman Sachs names MORGAN STANLEY in its own disclosed peer group (read from its most recent proxy). Filing ↗
110Section 10a, AIG reciprocityDEF 14A—0000005272-26-000039AIG's most recent proxy was read; its disclosed peer group does not include MORGAN STANLEY. Filing ↗
111Section 10a, Bank of New York Mellon reciprocityDEF 14A—0001193125-26-092500Bank of New York Mellon names MORGAN STANLEY in its own disclosed peer group (read from its most recent proxy). Filing ↗
112Section 10a, MasterCard reciprocityDEF 14A—0001141391-26-000021MasterCard's most recent proxy was read; its disclosed peer group does not include MORGAN STANLEY. Filing ↗
113Section 10a, Wells Fargo reciprocityDEF 14A—0000072971-26-000200Wells Fargo names MORGAN STANLEY in its own disclosed peer group (read from its most recent proxy). Filing ↗
114Section 10a, VISA reciprocityDEF 14A—0001308179-25-000635VISA names MORGAN STANLEY in its own disclosed peer group (read from its most recent proxy). Filing ↗
115Section 10a, Citigroup reciprocityDEF 14A—0001206774-26-000185Citigroup names MORGAN STANLEY in its own disclosed peer group (read from its most recent proxy). Filing ↗

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