Bevin Desmond - 15 May 2022 Form 4 Insider Report for Morningstar, Inc. (MORN)

Role
Chief Talent & Culture Officer
Signature
/s/ Patrick Maloney, by power of attorney
Issuer symbol
MORN
Transactions as of
15 May 2022
Transactions value $
-$243,922
Form type
4
Filing time
17 May 2022, 17:59:45 UTC
Previous filing
18 Nov 2021
Next filing
14 Nov 2022
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 +720 +3.14% $0 23,621 15 May 2022 Direct F1
transaction MORN Common Stock Options Exercise $0 +896 +3.79% $0 24,517 17 May 2022 Direct F2
transaction MORN Common Stock Award $0 +583 +2.38% $0 25,100 17 May 2022 Direct F3
transaction MORN Common Stock Tax liability -$243,921 -1,004 -4% $242.95 24,096 15 May 2022 Direct
holding MORN Common Stock 21,207 15 May 2022 By spouse

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 +1,177 $0 1,177 15 May 2022 Common Stock 1,177 Direct F4
transaction MORN Market Stock Units Options Exercise -896 -100% 0 17 May 2022 Common Stock 896 Direct F2
* 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, 2023.
F2 Represents common stock earned from the vesting of a market stock unit grant on May 15, 2019.
F3 Represents additional common stock earned from achievement of cumulative total shareholder return for the three year performance period ending May 14, 2022 in excess of target under the terms of a market stock unit grant on May 15, 2019.
F4 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, 2025.