By Justin Baer 

Morgan Stanley delivered a parting gift to its former finance chief, allowing millions of dollars in Ruth Porat's deferred cash and stock bonuses to vest as part of her move to the same role at Google Inc.

The Wall Street firm said Friday in a regulatory filing that its board approved a plan to treat Ms. Porat as retirement-eligible, speeding up the payout of past year-end awards that would have paid out over time. Those bonuses, Morgan Stanley said, are still subject to cancellations and clawback provisions.

Thursday was Ms. Porat's last day at the firm.

Morgan Stanley also said in the filing that Ms. Porat's successor, former financial-services banker Jonathan Pruzan, would receive a base salary of $1 million in his new role.

Write to Justin Baer at justin.baer@wsj.com

Access Investor Kit for Google, Inc.

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US38259P5089

Access Investor Kit for Google, Inc.

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US38259P7069

Access Investor Kit for Morgan Stanley

Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US6174464486

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Alphabet (NASDAQ:GOOG)
Historical Stock Chart
From Aug 2024 to Sep 2024 Click Here for more Alphabet Charts.
Alphabet (NASDAQ:GOOG)
Historical Stock Chart
From Sep 2023 to Sep 2024 Click Here for more Alphabet Charts.