Kimberly J. McGarry - May 15, 2022 Form 4 Insider Report for Morningstar, Inc. (MORN)

Role
Global Controller & CAO
Signature
/s/ Patrick Maloney, by power of attorney
Stock symbol
MORN
Transactions as of
May 15, 2022
Transactions value $
-$21,380
Form type
4
Date filed
5/17/2022, 06:18 PM
Previous filing
May 18, 2021
Next filing
Nov 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MORN Common Stock (Restricted Stock Units) Award $0 +308 +17.14% $0.00 2.11K May 15, 2022 Direct F1
transaction MORN Common Stock (Restricted Stock Units) Award $0 +120 +5.7% $0.00 2.23K May 15, 2022 Direct F2
transaction MORN Common Stock Tax liability -$21.4K -88 -3.96% $242.95 2.14K May 15, 2022 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 Award $0 +168 $0.00 168 May 15, 2022 Common Stock 168 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Morningstar, Inc. common stock. The restricted stock units vest in four equal annual installments beginning May 15, 2023.
F2 Each restricted stock unit represents a contingent right to receive one share of Morningstar, Inc. common stock. The restricted stock units vest in two equal annual installments beginning May 15, 2023.
F3 The market stock units earned will be based in part on the company's cumulative total shareholder return for the three year performance period ending May 14, 2025.