Daniel Joseph Dunn - 15 May 2023 Form 4 Insider Report for Morningstar, Inc. (MORN)

Role
Chief Revenue Officer
Signature
/s/ Leah Trzcinski, by power of attorney
Issuer symbol
MORN
Transactions as of
15 May 2023
Net transactions value
-$155,941
Form type
4
Filing time
17 May 2023, 20:14:49 UTC
Previous filing
03 Mar 2023
Next filing
03 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MORN Common Stock (Restricted Stock Units) Award $0 +1,579 +12% $0.000000 14,233 15 May 2023 Direct F1
transaction MORN Common Stock Options Exercise $0 +1,036 +7.3% $0.000000 15,269 17 May 2023 Direct F2
transaction MORN Common Stock Tax liability $155,941 -821 -5.4% $189.94 14,448 17 May 2023 Direct
transaction MORN Common Stock Award $0 +379 +2.6% $0.000000 14,827 17 May 2023 Direct F3

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 +2,284 $0.000000 2,284 15 May 2023 Common Stock 2,284 Direct F4
transaction MORN Market Stock Units Options Exercise -1,036 -100% 0 17 May 2023 Common Stock 1,036 Direct F2
* 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, 2024.
F2 Represents common stock earned from the vesting of a market stock unit grant on May 15, 2020.
F3 Represents additional common stock earned from achievement of cumulative total shareholder return for the three year performance period ending May 14, 2023 in excess of target under the terms of a market stock unit grant on May 15, 2020.
F4 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, 2026.