Daniel Joseph Dunn - Nov 16, 2021 Form 4 Insider Report for Morningstar, Inc. (MORN)

Role
Chief Revenue Officer
Signature
/s/ Patrick Maloney, by power of attorney
Stock symbol
MORN
Transactions as of
Nov 16, 2021
Transactions value $
-$143,067
Form type
4
Date filed
11/18/2021, 02:50 PM
Previous filing
Nov 17, 2021
Next filing
May 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MORN Common Stock Options Exercise $0 +686 +7.14% $0.00 10.3K Nov 16, 2021 Direct F1
transaction MORN Common Stock Award $0 +343 +3.33% $0.00 10.6K Nov 16, 2021 Direct F2
transaction MORN Common Stock Tax liability -$143K -452 -4.25% $316.52 10.2K Nov 16, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MORN Market Stock Units Options Exercise -686 -100% 0 Nov 16, 2021 Common Stock 686 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents common stock earned from the vesting of a market stock unit grant on November 15, 2018.
F2 Represents additional common stock earned from achievement of cumulative total shareholder return for the three year performance period ending November 14, 2021 in excess of target under the terms of a market stock unit grant on November 15, 2018.