JASON DUBINSKY - 15 May 2024 Form 4 Insider Report for Morningstar, Inc. (MORN)

Role
Chief Financial Officer
Signature
/s/ Kathleen Peacock, by power of attorney
Issuer symbol
MORN
Transactions as of
15 May 2024
Net transactions value
-$387,033
Form type
4
Filing time
17 May 2024, 20:22:20 UTC
Previous filing
20 Nov 2023
Next filing
02 Jul 2024
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 +1,387 +6.3% $0.000000 23,538 15 May 2024 Direct F1
transaction MORN Common Stock Options Exercise $0 +1,254 +5.3% $0.000000 24,792 17 May 2024 Direct F2
transaction MORN Common Stock Tax liability $387,033 -1,302 -4.8% $297.26 26,094 17 May 2024 Direct
transaction MORN Common Stock Award $0 +91 +0.35% $0.000000 26,185 17 May 2024 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 Options Exercise -1,254 -100% 0 17 May 2024 Common Stock 1,254 Direct F2
transaction MORN Market Stock Units Award $0 +2,081 $0.000000 2,081 15 May 2024 Common Stock 2,081 Direct F4
* 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, 2025.
F2 Represents common stock earned from the vesting of a market stock unit grant on May 15, 2021.
F3 Represents additional common stock earned from achievement of cumulative total shareholder return for the three year performance period ending May 14, 2024 in excess of target under the terms of a market stock unit grant on May 15, 2021.
F4 The market stock units earned will be based on the company's cumulative total shareholder return for the three year performance period ending May 14, 2027.