Jason Dubinsky - Nov 17, 2023 Form 4 Insider Report for Morningstar, Inc. (MORN)

Role
Chief Financial Officer
Signature
/s/ Kathleen Peacock, by power of attorney
Stock symbol
MORN
Transactions as of
Nov 17, 2023
Transactions value $
-$169,616
Form type
4
Date filed
11/20/2023, 05:46 PM
Previous filing
Nov 17, 2023
Next filing
May 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MORN Common Stock Options Exercise $0 +1.21K +5.64% $0.00 22.6K Nov 17, 2023 Direct F1, F3
transaction MORN Common Stock Award $0 +214 +0.95% $0.00 22.8K Nov 17, 2023 Direct F2
transaction MORN Common Stock Tax liability -$170K -629 -2.76% $269.66 22.2K Nov 17, 2023 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 -1.21K -100% 0 Nov 17, 2023 Common Stock 1.21K 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 granted on November 15, 2020.
F2 Represents additional common stock earned in part from achievement of cumulative total shareholder return for the three year performance period ending November 14, 2023 in excess of target under the terms of a market stock unit granted on November 15, 2020.
F3 Includes 674 shares omitted from the previous filing due to a clerical error.