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

Role: Chief Financial Officer
Signature: /s/ Patrick Maloney, by power of attorney
Stock symbol: MORN
Transactions as of: May 15, 2021
Transactions value $: $0
Form type: 4/A - Amendment
Date filed: 11/12/2021, 11:49 AM
Date Of Original Report: May 18, 2021
Next filing: Dec 13, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MORN	Common Stock (Restricted Stock Units)	Award	$0	+2.09K	+11.88%	$0.00	19.6K	May 15, 2021	Direct	F1, F2

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	+1.27K		$0.00	1.27K	May 15, 2021	Common Stock	1.27K		Direct	F3, 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	Due to adminstrative error, this Form 4 is being amended to correct the number of restricted stock units granted to the reporting person from 1,881 to 2,085.
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, 2024.
F4	Due to adminstrative error, this Form 4 is being amended to correct the number of market stock units granted to the reporting person from 1,129 to 1,270.