The company said the Compensation Committee of its Board of Directors has set James P. Gorman's total compensation for 2023 at $37 million. At the start of 2023, the committee set a CEO compensation target range of $20 million or less to $40 million or more.

1. 01

   The company said the Compensation Committee of its Board of Directors has set James P. Gorman's total compensation for 2023 at $37 million. At the start of 2023, the committee set a CEO compensation target range of $20 million or less to $40 million or more.

2. 02

   The company said that 75% of Gorman's bonus is deferred over 3 years and is subject to cancellation, and that 100% of the deferred bonus is delivered in equity awards. It also said 60% of the bonus is delivered in performance-vested equity.

3. 03

   The company said the Compensation Committee approved a new annual base salary of $1.5 million for Pick, the CEO, effective retroactively from January 17, 2024 January 1, 2024. The company explained that the adjustment is intended to bring his base salary in line with the base salary paid to Gorman as CEO.

4. 04

   The company reported net revenues of $54.1 billion for 2023, net income applicable to Morgan Stanley of $9.1 billion ($5.18 per diluted share), and full-year ROTCE of 12.8%. Total dividends paid in 2023 were $5.4 billion, and share repurchases totaled $5.3 billion.

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Original filing

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