1

New York, New York

Managing director, vice chairman; member of Operating Committee

Present

1

New York, New York

As part of my annual compensation, I receive performance stock units, which represent approximately 40% of my annual compensation. I am not owed any additional performance stock units, nor do I anticipate receiving any additional performance stock units from Morgan Stanley. My performance stock units are fully vested when granted. These performance units are paid out in shares of company stock and are delivered over a three year period following the grant. Pursuant to company policy, Morgan Stanley provides full payment of the performance shares to departing employees who are required to divest any interest in order to comply with federal, state, or local government financial conflict of interest requirements, and will accelerate my stock payout pursuant to this policy.

2/2017

2

New York, New York

Deferred Compensation Plan: Pursuant to the deferred compensation plan annual cash bonus compensation is deferred into a mutual fund account which as a full career employee is fully vested upon grant. The value is delivered over three years regardless if I am an employee at the Company. I will continue to participate in this plan. There will be no acceleration of payout.

2/2017

3

New York, New York

Health and Welfare Plans: Pursuant to company policy for all members of the Operating Committee, I and my spouse will retain health insurance coverage for life.

2/2017

4

New York, New York

Defined Benefit Plan: The Company provides a qualified defined benefit plan that pays a benefit of approximately $240 per month beginning at age 65. I will continue to participate in this defined benefit plan.

2/2017

5

New York, New York

Pro rata Bonus: Pursuant to Company practice, the Company will pay a partial bonus for 2021, for the period Jan. 1 through the date of termination of service, computed based upon months served in 2021 and using last year's bonus amount paid by the Company. The payment will be made before I enter government service.

1/2021

6

New York, New York

401(k) Plan: I will continue to participate in this defined contribution plan. The Company will not make any further contributions to the plan for my account after my separation.

2/2017

1

New York, New York

Managing director and vice chairman; member of Operating Committee