Kunal Kapoor - Nov 15, 2024 Form 4 Insider Report for Morningstar, Inc. (MORN)

Role
CEO, Director
Signature
/s/ Kathleen Peacock, by power of attorney
Stock symbol
MORN
Transactions as of
Nov 15, 2024
Transactions value $
-$421,878
Form type
4
Date filed
11/19/2024, 07:07 PM
Previous 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 +2.67K +2.02% $0.00 135K Nov 15, 2024 Direct F1
transaction MORN Common Stock Tax liability -$422K -1.23K -0.91% $342.99 134K Nov 15, 2024 Direct
transaction MORN Common Stock Award $0 +98 +0.07% $0.00 134K Nov 15, 2024 Direct 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 Options Exercise -2.67K -100% 0 Nov 15, 2024 Common Stock 2.67K Direct F1
transaction MORN Market Stock Units Award $0 +5.95K $0.00 5.95K Nov 15, 2024 Common Stock 5.95K Direct F3
* 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 grant on November 15, 2021.
F2 Represents additional common stock earned from achievement of cumulative total shareholder return for the three year performance period ending November 15, 2024 in excess of target under the terms of a market stock unit grant on November 15, 2021.
F3 The market stock units earned will be based on the company's cumulative total shareholder return for the three year performance period ending November 14, 2027.