Morgan Stanley (MS) executive compensation, 2026 proxy

Edward Pick, Chairman of the Board and Chief Executive Officer, was paid $37.2M in 2025, up 49% from $24.9M the year before. The CEO-to-median-employee pay ratio was 273:1, on median employee pay of $136,396.

Filed
April 2, 2026
Annual meeting
May 14, 2026
Pay year
2025
Named executives
5
CEO total pay
$37.2M+49% vs prior year
CEO to median employee
273:1median $136,396
CEO pay in equity
66%$24.5M in awards
Prior say-on-pay support
95%of votes cast
CEO pay decision
$45MAwarded for 2025 performance
Firm net revenues
$70.6BRecord 2025 revenues
Diluted EPS
$10.21Record 2025 EPS
Return on tangible equity
21.6%2025 average tangible common equity

How Pick was paid

$37.2M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary4%Bonus29%Stock awards66%Pension and deferred comp0%All other compensation1%

Named executive officers

ExecutiveTotal
Edward PickChairman of the Board and Chief Executive Officer$37,187,657
Sharon YeshayaExecutive Vice President and Chief Financial Officer$19,215,735
Andrew M. SapersteinCo-President and Head of Wealth Management and Investment Management$28,462,554
Daniel A. SimkowitzCo-President and Head of Institutional Securities$28,389,563
Eric F. GrossmanExecutive Vice President, Chief Legal Officer and Chief Administrative Officer$19,272,086

What changed and why

  • $37.2M$37,187,657 was CEO SEC-reported total compensation for 2025, compared with $24,881,032 for 2024.
  • $45M$45 million was the CMDS Committee’s 2025 CEO pay decision, differing from SEC-required disclosure.
  • $24.5M$24,476,463 of CEO compensation came from stock awards, including RSUs, PSUs and dividend-equivalent interest.
  • 1.5 times target was the maximum PSU payout multiplier under the disclosed performance conditions.
  • 95.43%95.43% of votes cast supported the prior annual say-on-pay proposal.
  • 2025 PSU performance metrics were average ROTCE and ROTCE relative to a peer group.

About this page

The figures were read out of the DEF 14A proxy statement on EDGAR by a language model and every number was then checked against the filing text; a figure that could not be found there is left out rather than shown. Totals follow SEC rules, which value stock and option awards at grant. Read the filing for footnotes and the compensation committee's full reasoning.

Morgan Stanley (MS) Executive Compensation: 2026 Proxy Statement | Gloomberb