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AI brief of an SEC Form 8-K · Morgan Stanley (MS)

Morgan Stanley sets CEO Pick's 2025 pay at $45 million on record $70.6 billion revenue

Positive Impact 3 of 5 leadership Written later

Morgan Stanley's Compensation Committee set Chairman and CEO Edward Pick's total 2025 compensation at $45 million, citing the firm's record 2025 results. The committee said 75% of his bonus is deferred over three years and subject to cancellation, and 100% of the deferred bonus is paid in performance-vested equity, tying his pay to shareholder interests.

Key points

  • 2025 net revenues were a record $70.6 billion, up approximately 14% year over year, and EPS was a record $10.21
  • Net income applicable to Morgan Stanley was approximately $16.9 billion, and pre-tax profit was $22.0 billion, up approximately 25%
  • Total compensation for Pick is $45 million; 75% of his bonus is deferred over three years and subject to cancellation
  • Full compensation details will appear in the 2026 proxy statement, expected to be filed in April 2026

The filing

CompanyMorgan Stanley (MS)
Form8-K, current report
Filed with the SECFeb 11, 2026, 4:19 PM ET
Accession number0000950103-26-001967

Items reported: 8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 11, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.