YESHAYA SHARON 4

What Happened

• Yeshaya Sharon, Chief Financial Officer of Morgan Stanley, received 17,399 shares on 2026-03-12 from the conversion of performance stock units (PSUs). Immediately, 9,622 of those shares were withheld to satisfy tax liabilities at a value of $160.89 per share, totaling $1,548,084. The net new shares retained after withholding were 7,777.

Key Details

• Transaction dates: 2026-03-12 (reported on 2026-03-13).
• Award: 17,399 shares granted/issued at $0.00 (PSU conversion).
• Tax withholding: 9,622 shares disposed/withheld at $160.89/share = $1,548,084.
• Net shares retained from this vesting: 7,777 (17,399 − 9,622).
• Footnotes: (F1) Shares earned upon achievement of pre-established relative return on tangible common equity for half of the PSU award granted 1/18/2023. (F2) Shares withheld to satisfy taxes upon conversion.
• Filing timeliness: Reported the next day (filed 2026-03-13 for 2026-03-12 transactions); no late filing indicated in this record.
• Shares owned after the transaction were not specified in the provided filing excerpt.

Context

• This was not an open-market sale or purchase signal but a routine vesting of PSUs with shares withheld to cover taxes (common practice for executives). The withheld shares satisfy tax obligations rather than represent a discretionary investment decision.