Neal Shear, Morgan Stanley's head of fixed income and co-head of institutional sales and trading, has received a stock bonus of $16.1m, the largest at the bank this year.
Shear received an award of 283,056 shares, worth $16.1m at current stock prices, according to a filing with the Securities and Exchange Commission.
Zoe Cruz, acting president, received shares worth $13.5m.
John Mack, chief executive and chairman of Morgan Stanley, was awarded total annual compensation for 2005 of $28m. Mack requested that he be paid on a pro rata basis, reflecting the fact that he served for five months of fiscal year 2005. He chose to take his bonus of $11.5m in stock.
Walid Chammah, who became head of investment banking in August, was awarded shares worth $8.9m and Jonathan Chenevix-Trench, who took over as Europe chairman of Morgan Stanley this month, received $8.8m in stock.
Mack will receive a basic salary of $800,000 next year and Cruz will receive $500,000. Chammah and Shear will each be paid basic salaries of $300,000. Chenevix-Trench will earn 170,000 ($300,000).
The bank said that each of these staff "is anticipated to be a named executive officer for 2005."
Morgan Stanley has also entered into new contracts with Chammah, Shear and Chenevix-Trench.
Last month Mack and Cruz set the tone for managing and executive directors at the bank by signing new contracts that extend their notice periods. The latest agreements increase their notice from one to six months and reaffirm restrictive covenants, including non-solicitation of clients for a further six months.
David Sidwell, chief financial officer, was awarded stock worth $7.6m, while Jerker Johansson, head of institutional equities, who became co-head of institutional sales and trading alongside Shear in August, received $6.9m.
In addition, Paul Wirth, who was recently appointed principal accounting officer in addition to his existing position as global controller, will receive $250,000.
David Moser, the former principal accounting officer, will retain a senior position in the bank.