The company said the Compensation Committee, in consultation with its Board of Directors, set the total compensation for Edward Pick, Chairman and Chief Executive Officer, for 2025 at $45 million.

1. 01

   The company said the Compensation Committee, in consultation with its Board of Directors, set the total compensation for Edward Pick, Chairman and Chief Executive Officer, for 2025 at $45 million.

2. 02

   Morgan Stanley said 75% of Mr. Pick's bonus is deferred over 3 years and is subject to cancellation, and 100% of his deferred bonus is delivered in the form of performance-vested equity awards.

3. 03

   The company said net revenues for 2025 were a record $70.6 billion, up approximately 14% from a year earlier, net income applicable to Morgan Stanley was approximately $16.9 billion, and earnings per share were a record $10.21.

4. 04

   The company said its standardized Common Equity Tier 1 Capital Ratio was 15.0% as of December 31, 2025, and total dividends paid in 2025 were $6.1 billion. It said the quarterly dividend was raised by $0.075 to $1.00.

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