Kunal Kapoor - 15 May 2021 Form 4/A - Amendment Insider Report for Morningstar, Inc. (MORN)

Role
CEO, Director
Signature
/s/ Patrick Maloney, by power of attorney
Issuer symbol
MORN
Transactions as of
15 May 2021
Net transactions value
-$2,187,049
Form type
4/A - Amendment
Filing time
09 Aug 2021, 16:50:34 UTC
Date Of Original Report
18 May 2021
Next filing
09 Aug 2021
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 +4,081 +4.2% $0.000000 101,766 15 May 2021 Direct F1, F3
transaction MORN Common Stock (Restricted Stock Units) Award $0 +947 +0.93% $0.000000 102,713 15 May 2021 Direct F2
transaction MORN Common Stock Options Exercise $0 +6,011 +5.9% $0.000000 108,724 18 May 2021 Direct F4
transaction MORN Common Stock Award $0 +3,005 +2.8% $0.000000 111,729 18 May 2021 Direct F5, F6
transaction MORN Common Stock Tax liability $2,187,049 -8,926 -8% $245.02 102,803 15 May 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 Award $0 +2,824 $0.000000 2,824 15 May 2021 Common Stock 2,824 Direct F7
transaction MORN Market Stock Units Award $0 +2,824 $0.000000 2,824 15 May 2021 Common Stock 2,824 Direct F7
transaction MORN Market Stock Units Options Exercise -6,011 -50% 6,011 18 May 2021 Common Stock 6,011 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, 2022.
F2 Each restricted stock unit represents a contingent right to receive one share of Morningstar, Inc. common stock. The restricted stock units fully vest on May 15, 2022.
F3 Due to an adminitrative error, this total is adjusted to correct the amount of shares beneficially owned by the reporting person from 101,793 to 101,766.
F4 Represents common stock earned from the vesting of a market stock unit grant on May 15, 2018.
F5 Due to adminstrative error, this Form 4 is being amended to correct the amount of additional shares earned from 507 to 3005.
F6 Represents additional common stock earned from achievement of cumulative total shareholder return for the three year perfomance period ending May 14, 2021 in excess of target under the terms of a market stock unit grant on May 15, 2018.
F7 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, 2024.