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Asset Management

Morgan Stanley Executive Compensation (FY25)

MS · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): May 15, 2026
195 figures on this page: 192 cited to the filing that reported them, 3 calculated from figures it prints. See the citations
Edward Pick, Chairman of the Board and Chief Executive Officer, received $37,187,657 in total compensation for fiscal 2025, and compared with the $24,881,032 reported for fiscal 2024, Pick's total was 49.5% higher. Meanwhile, the disclosed chief executive pay ratio for fiscal 2025 is 273:1, against median employee compensation of $136,396. Separately, the say-on-pay proposal drew 95.5% of votes cast including abstentions in favor at the meeting held May 14, 2026 for fiscal 2025. Companies named in the disclosed peer group include AIG, American Express, Bank of America, Bank of New York Mellon and Barclays, among others.
Chief executive, fiscal 2025
◇
Edward Pick
Latest say-on-pay support
=
May 14, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Edward Pick: $24,881,032 → $37,187,657 (49.5% higher)
CEO pay ratio: 180:1 → 273:1 (51.7% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Morgan Stanley's chief executive and what were they paid?
Edward Pick, Chairman of the Board and Chief Executive Officer, received $37,187,657 in total compensation for fiscal 2025. Compared with the $24,881,032 reported for fiscal 2024, Pick's total was 49.5% higher.
What was Morgan Stanley's say-on-pay result?
The say-on-pay proposal drew 95.5% of votes cast including abstentions in favor at the meeting held May 14, 2026 for fiscal 2025.
Which companies are in Morgan Stanley's peer group?
Companies named in the disclosed peer group include AIG, American Express, Bank of America, Bank of New York Mellon and Barclays, among others.
What is Morgan Stanley's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 273:1, against median employee compensation of $136,396.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Edward Pick
Chairman of the Board and Chief Executive Officer
◇◇◇——◇◇◇
Andrew Saperstein
Co-President and Head of Wealth Management and Investment Management
◇◇◇——◇◇◇
Daniel Simkowitz
Co-President and Head of Institutional Securities
◇◇◇——◇◇◇
James Gorman
Chairman & CEO
◇◇◇——◇◇◇
Sharon Yeshaya
Executive Vice President and Chief Financial Officer
◇◇◇——◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
James Gorman
Executive Chairman
◇◇◇———◇◇
Edward Pick
Chief Executive Officer
◇◇◇———◇◇
Andrew Saperstein
Co-President and Head of Wealth and Investment Management
◇◇◇———◇◇
Daniel Simkowitz
Co-President and Head of Institutional Securities
◇◇◇———◇◇
Sharon Yeshaya
Executive Vice President and Chief Financial Officer
◇◇◇———◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Edward Pick
Chairman of the Board and Chief Executive Officer
◇◇◇——◇◇◇
Andrew Saperstein
Co-President and Head of Wealth Management and Investment Management
◇◇◇——◇◇◇
Daniel Simkowitz
Co-President and Head of Institutional Securities
◇◇◇——◇◇◇
Eric Grossman
Executive Vice President, Chief Legal Officer and Chief Administrative Officer
◇◇◇——◇◇◇
Sharon Yeshaya
Executive Vice President and Chief Financial Officer
◇◇◇——◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Andrew SapersteinRSU◇——◇——◇
Andrew SapersteinPSU◇—◇—◇—◇
Daniel SimkowitzPSU◇—◇—◇—◇
Daniel SimkowitzRSU◇——◇——◇
Edward PickRSU◇——◇——◇
Edward PickPSU◇—◇—◇—◇
Eric GrossmanPSU◇—◇—◇—◇
Eric GrossmanRSU◇——◇——◇
Sharon YeshayaRSU◇——◇——◇
Sharon YeshayaPSU◇—◇—◇—◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Andrew SapersteinRSU◇◇——
PSU◇◇——
Sharon YeshayaPSU◇◇——
Daniel SimkowitzPSU◇◇——
RSU◇◇——
Eric GrossmanPSU◇◇——
Edward PickRSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Megan Butler
◇◇———◇◇
Thomas H. Glocer
Lead independent director
◇◇————◇
Robert H. Herz
◇◇————◇
Perry M. Traquina
◇◇————◇
Dennis M. Nally
◇◇————◇
Jami Miscik
◇◇————◇
Rayford Wilkins, Jr
◇◇————◇
Erika H. James
◇◇————◇
Mary L. Schapiro
◇◇————◇
Shelley B. Leibowitz
◇◇————◇
Douglas L. Peterson
◇◇————◇
Lynn J. Good
◇◇————◇
Stephen J. Luczo, Masato Miyachi, Hironori Kamezawa, Edward Pick, Yasushi Itagaki and Dennis M. Naly served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as Stock Units.
Stock ownership guideline: 5x annual cash retainer ($575,000)

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • AIG AIG
  • American Express AXP
  • Bank of America BAC
  • Bank of New York Mellon BNY
  • Barclays BCS
  • BlackRock BLK
  • Capital One Financial COF
  • Charles Schwab SCHW
  • Citigroup C
  • Deutsche Bank DB
  • Goldman Sachs GS
  • JPMorgan JPM
  • MasterCard MA
  • MetLife MET
  • PayPal PYPL
  • UBS Group UBS
  • US Bancorp USB
  • VISA V
  • Wells Fargo WFC

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 14, 2026=◇◇◇
2024—=◇◇◇
2023May 23, 2024=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Morgan Stanley disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Morgan Stanley sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
195 figures on this page: 192 cited to the filing that reported them, 3 calculated from figures it prints.
192 cited to the filing
3 calculated from the filing

Documents cited

  1. 0000950103-26-007291
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001140361-26-012975
    2025 Grants of Plan-Based Awards · 2025 Grants of Plan-Based Awards (1) · 2025 Outstanding Equity Awards at Fiscal Year End · 2025 Summary Compensation Table · and 1 more section
  3. 0000950103-25-006128
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001140361-25-012302
    2024 Summary Compensation Table
  5. 0000950103-24-007114
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001140361-24-018302
    2023 Summary Compensation Table
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Velarion, “Morgan Stanley executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/MS (accessed 2026).
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Asset Management rankings

Chief executive pay — Asset ManagementCEO pay ratio — Asset ManagementSay-on-pay support — Asset Management

Peers Morgan Stanley discloses

The companies named in MS's own disclosed peer group.

AIGAmerican ExpressBank of AmericaBank of New York MellonBlackRockCapital One FinancialCharles SchwabCitigroupGoldman SachsJPMorganMasterCardMetLifePayPalUS BancorpVISAWells Fargo

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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