diff --git a/src/ast/mod.rs b/src/ast/mod.rs
index 0573240a2..8a5a36b0d 100644
--- a/src/ast/mod.rs
+++ b/src/ast/mod.rs
@@ -3095,10 +3095,14 @@ pub enum Statement {
     /// EXECUTE name [ ( parameter [, ...] ) ] [USING <expr>]
     /// ```
     ///
-    /// Note: this is a PostgreSQL-specific statement.
+    /// Note: this statement is supported by Postgres and MSSQL, with slight differences in syntax.
+    ///
+    /// Postgres: <https://www.postgresql.org/docs/current/sql-execute.html>
+    /// MSSQL: <https://learn.microsoft.com/en-us/sql/relational-databases/stored-procedures/execute-a-stored-procedure>
     Execute {
-        name: Ident,
+        name: ObjectName,
         parameters: Vec<Expr>,
+        has_parentheses: bool,
         using: Vec<Expr>,
     },
     /// ```sql
@@ -4510,12 +4514,19 @@ impl fmt::Display for Statement {
             Statement::Execute {
                 name,
                 parameters,
+                has_parentheses,
                 using,
             } => {
-                write!(f, "EXECUTE {name}")?;
-                if !parameters.is_empty() {
-                    write!(f, "({})", display_comma_separated(parameters))?;
-                }
+                let (open, close) = if *has_parentheses {
+                    ("(", ")")
+                } else {
+                    (if parameters.is_empty() { "" } else { " " }, "")
+                };
+                write!(
+                    f,
+                    "EXECUTE {name}{open}{}{close}",
+                    display_comma_separated(parameters),
+                )?;
                 if !using.is_empty() {
                     write!(f, " USING {}", display_comma_separated(using))?;
                 };
diff --git a/src/parser/mod.rs b/src/parser/mod.rs
index a9a5b1df4..a2c57bb4d 100644
--- a/src/parser/mod.rs
+++ b/src/parser/mod.rs
@@ -529,7 +529,7 @@ impl<'a> Parser<'a> {
                 // `PREPARE`, `EXECUTE` and `DEALLOCATE` are Postgres-specific
                 // syntaxes. They are used for Postgres prepared statement.
                 Keyword::DEALLOCATE => self.parse_deallocate(),
-                Keyword::EXECUTE => self.parse_execute(),
+                Keyword::EXECUTE | Keyword::EXEC => self.parse_execute(),
                 Keyword::PREPARE => self.parse_prepare(),
                 Keyword::MERGE => self.parse_merge(),
                 // `PRAGMA` is sqlite specific https://www.sqlite.org/pragma.html
@@ -11726,11 +11726,20 @@ impl<'a> Parser<'a> {
     }
 
     pub fn parse_execute(&mut self) -> Result<Statement, ParserError> {
-        let name = self.parse_identifier(false)?;
+        let name = self.parse_object_name(false)?;
 
-        let mut parameters = vec![];
-        if self.consume_token(&Token::LParen) {
-            parameters = self.parse_comma_separated(Parser::parse_expr)?;
+        let has_parentheses = self.consume_token(&Token::LParen);
+
+        let end_token = match (has_parentheses, self.peek_token().token) {
+            (true, _) => Token::RParen,
+            (false, Token::EOF) => Token::EOF,
+            (false, Token::Word(w)) if w.keyword == Keyword::USING => Token::Word(w),
+            (false, _) => Token::SemiColon,
+        };
+
+        let parameters = self.parse_comma_separated0(Parser::parse_expr, end_token)?;
+
+        if has_parentheses {
             self.expect_token(&Token::RParen)?;
         }
 
@@ -11746,6 +11755,7 @@ impl<'a> Parser<'a> {
         Ok(Statement::Execute {
             name,
             parameters,
+            has_parentheses,
             using,
         })
     }
diff --git a/tests/sqlparser_common.rs b/tests/sqlparser_common.rs
index a2eb5070d..6c8c1884b 100644
--- a/tests/sqlparser_common.rs
+++ b/tests/sqlparser_common.rs
@@ -1395,6 +1395,10 @@ fn pg_and_generic() -> TestedDialects {
     ])
 }
 
+fn ms_and_generic() -> TestedDialects {
+    TestedDialects::new(vec![Box::new(MsSqlDialect {}), Box::new(GenericDialect {})])
+}
+
 #[test]
 fn parse_json_ops_without_colon() {
     use self::BinaryOperator::*;
@@ -9730,6 +9734,41 @@ fn parse_call() {
     );
 }
 
+#[test]
+fn parse_execute_stored_procedure() {
+    let expected = Statement::Execute {
+        name: ObjectName(vec![
+            Ident {
+                value: "my_schema".to_string(),
+                quote_style: None,
+            },
+            Ident {
+                value: "my_stored_procedure".to_string(),
+                quote_style: None,
+            },
+        ]),
+        parameters: vec![
+            Expr::Value(Value::NationalStringLiteral("param1".to_string())),
+            Expr::Value(Value::NationalStringLiteral("param2".to_string())),
+        ],
+        has_parentheses: false,
+        using: vec![],
+    };
+    assert_eq!(
+        // Microsoft SQL Server does not use parentheses around arguments for EXECUTE
+        ms_and_generic()
+            .verified_stmt("EXECUTE my_schema.my_stored_procedure N'param1', N'param2'"),
+        expected
+    );
+    assert_eq!(
+        ms_and_generic().one_statement_parses_to(
+            "EXEC my_schema.my_stored_procedure N'param1', N'param2';",
+            "EXECUTE my_schema.my_stored_procedure N'param1', N'param2'",
+        ),
+        expected
+    );
+}
+
 #[test]
 fn parse_create_table_collate() {
     pg_and_generic().verified_stmt("CREATE TABLE tbl (foo INT, bar TEXT COLLATE \"de_DE\")");
diff --git a/tests/sqlparser_postgres.rs b/tests/sqlparser_postgres.rs
index b9b3811ba..f4c7ab7cd 100644
--- a/tests/sqlparser_postgres.rs
+++ b/tests/sqlparser_postgres.rs
@@ -1538,8 +1538,9 @@ fn parse_execute() {
     assert_eq!(
         stmt,
         Statement::Execute {
-            name: "a".into(),
+            name: ObjectName(vec!["a".into()]),
             parameters: vec![],
+            has_parentheses: false,
             using: vec![]
         }
     );
@@ -1548,11 +1549,12 @@ fn parse_execute() {
     assert_eq!(
         stmt,
         Statement::Execute {
-            name: "a".into(),
+            name: ObjectName(vec!["a".into()]),
             parameters: vec![
                 Expr::Value(number("1")),
                 Expr::Value(Value::SingleQuotedString("t".to_string()))
             ],
+            has_parentheses: true,
             using: vec![]
         }
     );
@@ -1562,8 +1564,9 @@ fn parse_execute() {
     assert_eq!(
         stmt,
         Statement::Execute {
-            name: "a".into(),
+            name: ObjectName(vec!["a".into()]),
             parameters: vec![],
+            has_parentheses: false,
             using: vec![
                 Expr::Cast {
                     kind: CastKind::Cast,