0001408198 2025-01-01 2025-12-31 0001408198 2024-01-01 2024-12-31 0001408198 2023-01-01 2023-12-31 0001408198 2022-01-01 2022-12-31 0001408198 2021-01-01 2021-12-31 0001408198 msci:LessStockAwardValueReportedInSummaryCompensationTableForTheCoveredYearMember ecd:PeoMember 2025-01-01 2025-12-31 0001408198 msci:LessStockAwardValueReportedInSummaryCompensationTableForTheCoveredYearMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001408198 msci:PlusFairValueOfOutstandingUnvestedAwardsGrantedInTheCoveredYearMember ecd:PeoMember 2025-01-01 2025-12-31 0001408198 msci:PlusFairValueOfOutstandingUnvestedAwardsGrantedInTheCoveredYearMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001408198 msci:ChangeInFairValueOfOutstandingUnvestedAwardsFromPriorYearsMember ecd:PeoMember 2025-01-01 2025-12-31 0001408198 msci:ChangeInFairValueOfOutstandingUnvestedAwardsFromPriorYearsMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001408198 msci:ChangeInFairValueOfAwardsFromPriorYearsThatVestedInTheCoveredYearMember ecd:PeoMember 2025-01-01 2025-12-31 0001408198 msci:ChangeInFairValueOfAwardsFromPriorYearsThatVestedInTheCoveredYearMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001408198 msci:LessFairValueAsOfEndOfPriorFiscalYearOfAwardsForfeitedDuringTheCoveredYearMember ecd:PeoMember 2025-01-01 2025-12-31 0001408198 msci:LessFairValueAsOfEndOfPriorFiscalYearOfAwardsForfeitedDuringTheCoveredYearMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001408198 msci:PlusFairValueOfIncrementalDividendsOrEarningsPaidOnStockAwardsMember ecd:PeoMember 2025-01-01 2025-12-31 0001408198 msci:PlusFairValueOfIncrementalDividendsOrEarningsPaidOnStockAwardsMember ecd:NonPeoNeoMember 2025-01-01 2025-12-31 0001408198 1 2025-01-01 2025-12-31 0001408198 2 2025-01-01 2025-12-31 0001408198 3 2025-01-01 2025-12-31 0001408198 5 2025-01-01 2025-12-31 iso4217:USD pure 0001408198 DEF 14A false MSCI INC. <div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Although we do not have a formal policy with respect to the timing of grants of our LTIP awards, the Compensation Committee has historically granted such awards on a predetermined annual schedule, following its January meeting each year. We also periodically grant off-cycle LTIP awards in connection with specific circumstances such as new hires, promotions, retention efforts or as replacement grants.</span></div><div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">The Company has never granted, and has no plans to grant, any LTIP award to current or new employees in anticipation of the release of material nonpublic information, and we do not accelerate or delay the release of material nonpublic information based on equity award grant dates or for the purpose of affecting the value of executive compensation. The Company does not backdate stock options or restricted stock units. The exercise price of stock options is no less than the closing price of MSCI stock on the effective date of the grant.</span></div><div style="margin-bottom:16pt"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">During 2025, no equity awards were granted to named executive officers within four business days preceding or one business day after the filing of any Form 10-K, 10-Q or 8-K disclosing material nonpublic information.</span></div> <div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:9pt;font-weight:400;line-height:120%">Although we do not have a formal policy with respect to the timing of grants of our LTIP awards, the Compensation Committee has historically granted such awards on a predetermined annual schedule, following its January meeting each year. We also periodically grant off-cycle LTIP awards in connection with specific circumstances such as new hires, promotions, retention efforts or as replacement grants.</span></div> true The Company has never granted, and has no plans to grant, any LTIP award to current or new employees in anticipation of the release of material nonpublic information, and we do not accelerate or delay the release of material nonpublic information based on equity award grant dates or for the purpose of affecting the value of executive compensation. false <div style="margin-bottom:9pt"><span style="color:#1a3fd6;font-family:'Inter SemiBold',sans-serif;font-size:22pt;font-weight:700;line-height:120%">Pay Versus Performance </span></div><div style="margin-bottom:8pt"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:9pt;font-weight:400;line-height:110%">The following table sets forth the compensation for our CEO and the average compensation for our other NEOs, both as reported in the Summary Compensation Table on page <a href="#i3fce56f397cb4f4ea7d0e816bda63083_163" style="color:#000000;font-family:'Inter Light',sans-serif;font-size:9pt;font-weight:400;line-height:110%;text-decoration:none">90</a> of this Proxy Statement and with certain adjustments to reflect the “compensation actually paid” to such individuals, as defined under SEC rules, for each of 2025, 2024, 2023, 2022 and 2021. “Compensation Actually Paid” does not represent cash or equity value realized or paid to our NEOs or how our Compensation Committee evaluates compensation decisions, but rather is a value calculated based on the requirements and methodology set forth in the applicable SEC rules. The table also provides information on our cumulative total shareholder return (“TSR”), the cumulative TSR of our peer group, net income and adjusted EPS.</span></div><div style="margin-bottom:4pt"><span style="color:#1a3fd6;font-family:'Inter SemiBold',sans-serif;font-size:9pt;font-weight:700;line-height:120%">2025 Pay Versus Performance Table </span></div><div style="margin-bottom:4pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:4.764%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.417%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.165%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.417%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.628%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:3.375%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.393%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.423%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.165%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.343%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.622%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.960%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.924%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.806%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.159%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:1.188%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.851%"></td><td style="width:0.1%"></td></tr><tr style="height:21pt"><td colspan="3" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">Year <br/>(a)</span></td><td colspan="6" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">Summary</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">Compensation</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">Table Total</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">for PEO</span><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:4.55pt;font-weight:700;line-height:130%;position:relative;top:-2.44pt;vertical-align:baseline">(1)</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">($) (b)</span></div></td><td colspan="6" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">Compensation</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">Actually Paid</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">to PEO</span><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:4.55pt;font-weight:700;line-height:130%;position:relative;top:-2.44pt;vertical-align:baseline">(2)</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">($) (c)</span></div></td><td colspan="6" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">Average Summary</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">Compensation</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">Table Total</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">for Non-PEO</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">Named Executive</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">Officers</span><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:4.55pt;font-weight:700;line-height:130%;position:relative;top:-2.44pt;vertical-align:baseline">(1)</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">($) (d)</span></div></td><td colspan="6" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">Average</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">Compensation</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">Actually Paid to</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">Non-PEO Named</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">Executive</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">Officers</span><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:4.55pt;font-weight:700;line-height:130%;position:relative;top:-2.44pt;vertical-align:baseline">(2)</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">($) (e)</span></div></td><td colspan="3" style="padding:0 1pt"></td><td colspan="9" style="border-bottom:0.5pt solid #1a3fd6;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">Value of Initial Fixed $100<br/>Investment Based On:</span></td><td colspan="6" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">Net</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">Income (in</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">Thousands)</span><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:4.55pt;font-weight:700;line-height:130%;position:relative;top:-2.44pt;vertical-align:baseline">(4)</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">($) (h)</span></div></td><td colspan="6" rowspan="2" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">Adjusted</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">EPS</span><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:4.55pt;font-weight:700;line-height:130%;position:relative;top:-2.44pt;vertical-align:baseline">(5)</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">($) (i)</span></div></td></tr><tr style="height:50pt"><td colspan="3" style="padding:0 1pt"><div style="text-align:right"><span><br/></span></div></td><td colspan="3" style="border-top:0.5pt solid #1a3fd6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">Total</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">Shareholder</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">Return</span><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:4.55pt;font-weight:700;line-height:130%;position:relative;top:-2.44pt;vertical-align:baseline">(3)</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">($) (f)</span></div></td><td colspan="6" style="border-top:0.5pt solid #1a3fd6;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">Peer Group</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">Total</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">Shareholder</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">Return</span><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:4.55pt;font-weight:700;line-height:130%;position:relative;top:-2.44pt;vertical-align:baseline">(3)</span></div><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">($) (g)</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #1a3fd6;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">2025</span></td><td colspan="3" style="border-top:0.5pt solid #1a3fd6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #1a3fd6;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">33,320,590 </span></td><td style="border-top:0.5pt solid #1a3fd6;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #1a3fd6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #1a3fd6;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">19,771,649 </span></td><td style="border-top:0.5pt solid #1a3fd6;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #1a3fd6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #1a3fd6;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">5,765,024 </span></td><td style="border-top:0.5pt solid #1a3fd6;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #1a3fd6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #1a3fd6;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">2,858,566 </span></td><td style="border-top:0.5pt solid #1a3fd6;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #1a3fd6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #1a3fd6;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">135.2 </span></td><td style="border-top:0.5pt solid #1a3fd6;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #1a3fd6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #1a3fd6;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">208.4 </span></td><td style="border-top:0.5pt solid #1a3fd6;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #1a3fd6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #1a3fd6;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">1,202,305 </span></td><td style="border-top:0.5pt solid #1a3fd6;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #1a3fd6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #1a3fd6;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">17.28 </span></td><td style="border-top:0.5pt solid #1a3fd6;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">2024</span></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">15,696,607 </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">17,879,415 </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">4,765,696 </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">4,657,379 </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">139.7 </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">180.1 </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">1,109,128 </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">15.20 </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">2023</span></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">13,793,145 </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">42,412,804 </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">4,424,283 </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">8,653,705 </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">130.2 </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">136.7 </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">1,148,592 </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">13.52 </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">2022</span></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">12,998,816 </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">(38,985,841)</span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">3,887,795 </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">(5,073,374)</span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">105.9 </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">119.3 </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">870,573 </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">11.45 </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">2021</span></td><td colspan="3" style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">10,338,312 </span></td><td style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">81,171,520 </span></td><td style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">3,496,361 </span></td><td style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">15,271,690 </span></td><td style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">138.1 </span></td><td style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">135.8 </span></td><td style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">725,983 </span></td><td style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">9.95 </span></td><td style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table></div> 33320590 19771649 5765024 2858566 135.2 208.4 1202305000 17.28 15696607 17879415 4765696 4657379 139.7 180.1 1109128000 15.20 13793145 42412804 4424283 8653705 130.2 136.7 1148592000 13.52 12998816 -38985841 3887795 -5073374 105.9 119.3 870573000 11.45 10338312 81171520 3496361 15271690 138.1 135.8 725983000 9.95 Compensation for our principal executive officer (“PEO”), Henry A. Fernandez, reflects the amounts reported in the “Summary Compensation Table” for the respective years. Average compensation for non-PEOs includes the following NEOs: (i) in 2025, Scott A. Crum, Alvise J. Munari, C.D. Baer Pettit and Andrew C. Wiechmann and (ii) in each of 2024, 2023, 2022 and 2021, Scott A. Crum, Robert J. Gutowski, C.D. Baer Pettit and Andrew C. Wiechmann. Henry A. Fernandez Henry A. Fernandez Henry A. Fernandez Henry A. Fernandez Henry A. Fernandez <span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:110%;padding-left:7.63pt">Compensation “actually paid” for the PEO and average compensation “actually paid” for our non-PEO NEOs in 2025, 2024, 2023, 2022 and 2021 reflects the respective amounts set forth in columns (c) and (e), adjusted as follows in the table below. However, the reconciliation of these amounts, as required under SEC rules, is presented only for 2025 in the table below. These dollar amounts do not reflect the actual amount of compensation earned by or paid to the PEO and our other NEOs during the applicable year. For information regarding the decisions made by our Compensation Committee with respect to the PEO’s and our other NEOs’ compensation for fiscal year 2025, see “Compensation Discussion and Analysis” beginning on page <a href="#i3fce56f397cb4f4ea7d0e816bda63083_88" style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:110%;text-decoration:none">58</a> of this Proxy Statement.</span><div style="margin-bottom:3pt;padding-left:14.4pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.913%"><tr><td style="width:1.0%"></td><td style="width:69.759%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.798%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.188%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.755%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">PEO 2025</span></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">Non-PEOs 2025</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #1a3fd6;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Summary Compensation Table Total</span></div></td><td colspan="2" style="border-top:0.5pt solid #1a3fd6;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">33,320,590 </span></td><td style="border-top:0.5pt solid #1a3fd6;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #1a3fd6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #1a3fd6;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">5,765,024 </span></td><td style="border-top:0.5pt solid #1a3fd6;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:130%">Less</span><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%"> Stock Award Value Reported in Summary Compensation Table for the Covered Year</span></div></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">(29,600,328)</span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">(3,900,538)</span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:130%">Plus</span><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%"> Fair Value of Outstanding Unvested Awards Granted in the Covered Year</span></div></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">26,092,267 </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">3,490,558 </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:130%">Change</span><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%"> in Fair Value of Outstanding Unvested Awards from Prior Years</span></div></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">(8,704,107)</span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">(2,217,024)</span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:130%">Change</span><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%"> in Fair Value of Awards from Prior Years that Vested in the Covered Year</span></div></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">(1,336,773)</span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">(279,454)</span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:130%">Less</span><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%"> Fair Value (as of end of prior fiscal year) of Awards Forfeited during the Covered Year</span></div></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">— </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">— </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:130%">Plus</span><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%"> Fair Value of Incremental Dividends or Earnings Paid on Stock Awards</span></div></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">— </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">— </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Compensation Actually Paid</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">19,771,649 </span></td><td style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">2,858,566 </span></td><td style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div>Fair values set forth in the table above are computed in accordance with ASC 718 as of the end of the respective fiscal year, other than fair values of awards that vest in the covered year, which are valued as of the applicable vesting date, or the fair values of awards forfeited in the covered year, which are valued as of the end of the prior fiscal year. The assumptions used for purposes of calculating fair values of awards as of the vest date or fiscal year-end date are the same as the assumptions used for purposes of calculating the grant date fair value of awards, except that, in the case of PSOs, the fair values at the time of grant were determined using the Black-Scholes option pricing model and the fair values as of the fiscal year-end date were determined using the Hull-White lattice model. The Hull-White lattice model requires consistent judgmental assumptions as the Black-Scholes pricing model, except that the expected life as a direct input for the Black-Scholes pricing model was estimated using the simplified method provided for by the SEC, while the expected life for the Hull-White lattice model was an implied output and estimated to be 5.2 years for the PSOs granted in 2023, 6.1 years for the PSOs granted in 2024, 6.9 years for the PSOs granted in 2025, and 7.6 years for the PPOs granted in 2025. In addition, for PSOs, the fair value is adjusted for any changes in the probability of achievement of the (i) a cumulative revenue performance goal and (ii) a cumulative adjusted EPS performance goal (each weighted equally under the terms of the PSOs). <span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:110%;padding-left:7.63pt">Compensation “actually paid” for the PEO and average compensation “actually paid” for our non-PEO NEOs in 2025, 2024, 2023, 2022 and 2021 reflects the respective amounts set forth in columns (c) and (e), adjusted as follows in the table below. However, the reconciliation of these amounts, as required under SEC rules, is presented only for 2025 in the table below. These dollar amounts do not reflect the actual amount of compensation earned by or paid to the PEO and our other NEOs during the applicable year. For information regarding the decisions made by our Compensation Committee with respect to the PEO’s and our other NEOs’ compensation for fiscal year 2025, see “Compensation Discussion and Analysis” beginning on page <a href="#i3fce56f397cb4f4ea7d0e816bda63083_88" style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:110%;text-decoration:none">58</a> of this Proxy Statement.</span><div style="margin-bottom:3pt;padding-left:14.4pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.913%"><tr><td style="width:1.0%"></td><td style="width:69.759%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.798%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:2.188%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.755%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">PEO 2025</span></div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:right"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:7pt;font-weight:700;line-height:130%">Non-PEOs 2025</span></div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #1a3fd6;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Summary Compensation Table Total</span></div></td><td colspan="2" style="border-top:0.5pt solid #1a3fd6;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">33,320,590 </span></td><td style="border-top:0.5pt solid #1a3fd6;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #1a3fd6;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #1a3fd6;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">5,765,024 </span></td><td style="border-top:0.5pt solid #1a3fd6;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:130%">Less</span><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%"> Stock Award Value Reported in Summary Compensation Table for the Covered Year</span></div></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">(29,600,328)</span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">(3,900,538)</span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:130%">Plus</span><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%"> Fair Value of Outstanding Unvested Awards Granted in the Covered Year</span></div></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">26,092,267 </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">3,490,558 </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:130%">Change</span><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%"> in Fair Value of Outstanding Unvested Awards from Prior Years</span></div></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">(8,704,107)</span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">(2,217,024)</span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:130%">Change</span><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%"> in Fair Value of Awards from Prior Years that Vested in the Covered Year</span></div></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">(1,336,773)</span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">(279,454)</span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:130%">Less</span><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%"> Fair Value (as of end of prior fiscal year) of Awards Forfeited during the Covered Year</span></div></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">— </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">— </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-style:italic;font-weight:400;line-height:130%">Plus</span><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%"> Fair Value of Incremental Dividends or Earnings Paid on Stock Awards</span></div></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">— </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">— </span></td><td style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Compensation Actually Paid</span></div></td><td colspan="2" style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">19,771,649 </span></td><td style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="3" style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:0 1pt"></td><td colspan="2" style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:2px 0 2px 1pt;text-align:right;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">2,858,566 </span></td><td style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div>Fair values set forth in the table above are computed in accordance with ASC 718 as of the end of the respective fiscal year, other than fair values of awards that vest in the covered year, which are valued as of the applicable vesting date, or the fair values of awards forfeited in the covered year, which are valued as of the end of the prior fiscal year. The assumptions used for purposes of calculating fair values of awards as of the vest date or fiscal year-end date are the same as the assumptions used for purposes of calculating the grant date fair value of awards, except that, in the case of PSOs, the fair values at the time of grant were determined using the Black-Scholes option pricing model and the fair values as of the fiscal year-end date were determined using the Hull-White lattice model. The Hull-White lattice model requires consistent judgmental assumptions as the Black-Scholes pricing model, except that the expected life as a direct input for the Black-Scholes pricing model was estimated using the simplified method provided for by the SEC, while the expected life for the Hull-White lattice model was an implied output and estimated to be 5.2 years for the PSOs granted in 2023, 6.1 years for the PSOs granted in 2024, 6.9 years for the PSOs granted in 2025, and 7.6 years for the PPOs granted in 2025. In addition, for PSOs, the fair value is adjusted for any changes in the probability of achievement of the (i) a cumulative revenue performance goal and (ii) a cumulative adjusted EPS performance goal (each weighted equally under the terms of the PSOs). 33320590 5765024 -29600328 -3900538 26092267 3490558 -8704107 -2217024 -1336773 -279454 0 0 0 0 19771649 2858566 <span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%;padding-left:7.53pt">TSR is cumulative for the measurement periods beginning on December 31, 2020 and ending on December 31 of each of 2025, 2024, 2023, 2022 and 2021, respectively, calculated in accordance with Item 201(e) of Regulation S-K. The peer group for purposes of this table reflects the Company’s industry sector and is the same as our peer group set forth above under “Proxy Summary—Total Shareholder Return” for purposes of Item 201(e) of Regulation S-K.</span> <span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%;padding-left:7.55pt">Reflects “Net Income” in the Company’s Consolidated Statements of Income included in the Company’s Annual Reports on Form 10-K for each of the years ended December 31, 2025, 2024, 2023, 2022, and 2021.</span> <span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%;padding-left:7.71pt">Adjusted EPS is a non-GAAP financial measure. See Annex B for definitions and reconciliations of all non-GAAP financial measures referenced herein.</span> Adjusted EPS <div style="margin-bottom:5pt"><span style="color:#1a3fd6;font-family:'Inter SemiBold',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Compensation Actually Paid, MSCI Cumulative TSR and Peer Group Cumulative TSR</span></div><div style="margin-bottom:8pt;text-align:center"><img alt="10995116290971" id="i-231" src="msci-20260310_g143.jpg" style="height:297px;margin-bottom:5pt;vertical-align:text-bottom;width:648px"/></div><div style="margin-bottom:12pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:441.75pt"><tr><td style="width:1.0pt"></td><td style="width:10.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:94.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:10.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:124.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:16.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:70.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:16.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:82.75pt"></td><td style="width:1.0pt"></td></tr><tr style="height:24pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#16a3b6;font-family:'Wingdings',sans-serif;font-size:11pt;font-weight:400;line-height:130%">l</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Compensation Actually Paid to PEO</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#529200;font-family:'Wingdings',sans-serif;font-size:11pt;font-weight:400;line-height:130%">l</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Average Compensation Actually Paid to Non-PEO NEOs</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:3pt;text-align:center"><span style="color:#1a3fd6;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:1.00pt">—</span></div><div style="text-align:center"><span style="color:#1a3fd6;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:1.00pt">—</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Total Shareholder Return</span><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:130%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:3pt;text-align:center"><span style="color:#f7620e;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:1.00pt">—</span></div><div style="text-align:center"><span style="color:#f7620e;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:1.00pt">—</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Peer Group Total Shareholder Return</span><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:130%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td></tr></table></div><div style="margin-bottom:4pt;padding-left:14.4pt;text-indent:-14.4pt"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:130%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%;padding-left:8.49pt">TSR is cumulative for the measurement periods beginning on December 31, 2020 and ending on December 31 of each of 2025, 2024, 2023, 2022 and 2021, respectively, calculated in accordance with Item 201(e) of Regulation S-K. The peer group for purposes of this graph reflects the Company’s industry sector and is the same as our peer group set forth above in “Proxy Summary—Total Shareholder Return.”</span></div> <div style="margin-top:6pt"><span style="color:#1a3fd6;font-family:'Inter SemiBold',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Compensation Actually Paid and Net Income</span></div><div style="margin-bottom:8pt;text-align:center"><img alt="10995116290885" id="i-233" src="msci-20260310_g144.jpg" style="height:302px;margin-bottom:5pt;vertical-align:text-bottom;width:648px"/></div><div style="margin-bottom:16pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:315.00pt"><tr><td style="width:1.0pt"></td><td style="width:10.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:94.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:10.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:124.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:16.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:46.75pt"></td><td style="width:1.0pt"></td></tr><tr style="height:24pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#16a3b6;font-family:'Wingdings',sans-serif;font-size:11pt;font-weight:400;line-height:130%">l</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Compensation Actually Paid to PEO</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#529200;font-family:'Wingdings',sans-serif;font-size:11pt;font-weight:400;line-height:130%">l</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Average Compensation Actually Paid to Non-PEO NEOs</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:3pt;text-align:center"><span style="color:#1a3fd6;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:1.00pt">—</span></div><div style="text-align:center"><span style="color:#1a3fd6;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:1.00pt">—</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Net Income</span></td></tr></table></div> <div style="margin-bottom:5pt"><span style="color:#1a3fd6;font-family:'Inter SemiBold',sans-serif;font-size:9pt;font-weight:700;line-height:120%">Compensation Actually Paid and Adjusted EPS</span></div><div style="margin-top:8pt;text-align:center"><img alt="10995116290933" id="i-234" src="msci-20260310_g145.jpg" style="height:302px;margin-bottom:5pt;vertical-align:text-bottom;width:648px"/></div><div style="margin-bottom:12pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:331.50pt"><tr><td style="width:1.0pt"></td><td style="width:10.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:94.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:10.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:124.75pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:16.00pt"></td><td style="width:1.0pt"></td><td style="width:1.0pt"></td><td style="width:63.25pt"></td><td style="width:1.0pt"></td></tr><tr style="height:24pt"><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#16a3b6;font-family:'Wingdings',sans-serif;font-size:11pt;font-weight:400;line-height:130%">l</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Compensation Actually Paid to PEO</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#529200;font-family:'Wingdings',sans-serif;font-size:11pt;font-weight:400;line-height:130%">l</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Average Compensation Actually Paid to Non-PEO NEOs</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-top:3pt;text-align:center"><span style="color:#1a3fd6;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:1.00pt">—</span></div><div style="text-align:center"><span style="color:#1a3fd6;font-family:'Arial',sans-serif;font-size:11pt;font-weight:700;line-height:1.00pt">—</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%">Adjusted EPS</span><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:130%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span></div></td></tr></table></div><div style="margin-bottom:4pt;padding-left:14.4pt;text-indent:-14.4pt"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:5.2pt;font-weight:400;line-height:130%;position:relative;top:-2.8pt;vertical-align:baseline">(1)</span><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:8pt;font-weight:400;line-height:130%;padding-left:8.49pt">Adjusted EPS is a non-GAAP financial measure. See Annex B for definitions and reconciliations of all non-GAAP financial measures referenced herein.</span></div> <div style="margin-bottom:8pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Inter SemiBold',sans-serif;font-size:8pt;font-weight:700;line-height:130%">Performance Measures</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #1a3fd6;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Adjusted EPS</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Operating Revenues</span></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #e6e7e8;padding:2px 1pt;text-align:left;vertical-align:middle"><div><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:9pt;font-weight:400;line-height:130%">Total Net Sales</span><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:5.85pt;font-weight:400;line-height:130%;position:relative;top:-3.15pt;vertical-align:baseline">(1)</span></div></td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #1a3fd6;border-top:0.5pt solid #e6e7e8;padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Inter Light',sans-serif;font-size:9pt;font-weight:400;line-height:130%">3-Year Absolute TSR CAGR</span></td></tr></table></div> Adjusted EPS Operating Revenues Total Net Sales(1) 3-Year Absolute TSR CAGR true