Morningstar (MORN) large shareholder reports indirect trust-held positions
Rhea-AI Filing Summary
Morningstar, Inc. reports that Daniel Mansueto is a more than 10% owner and has filed an initial statement of beneficial ownership of common stock. The reported positions are indirect holdings "By Trust", including grantor retained annuity trusts for which he serves as voting agent and a separate trust for which he is trustee.
In both cases, Mansueto disclaims beneficial ownership of the securities, and the filing states it shall not be deemed an admission that he is the beneficial owner for Section 16 purposes, except to the extent of any pecuniary interest. The entries reflect holdings rather than reported stock purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Mansueto Daniel
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 3,932,046 shares (Indirect, By Trust)
Footnotes (2)
- F1. The shares are held in grantor retained annuity trusts for which the reporting person serves as the voting agent. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16, except to the extent of the reporting person's pecuniary interest.
- F2. The shares are held in a trust for which the reporting person serves as the trustee. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16.
Key Terms
grantor retained annuity trusts, pecuniary interest, Section 16
3 terms
grantor retained annuity trusts financial
"The shares are held in grantor retained annuity trusts for which the reporting person"
A grantor retained annuity trust (GRAT) is an estate-planning tool where an owner transfers assets into a trust and receives fixed payments back for a set number of years; any remaining assets after that period pass to designated beneficiaries. For investors it matters because it can move future investment growth to heirs while potentially reducing gift and estate taxes — like putting a rising asset in a timed box that pays you first and gives the remaining upside to others.
pecuniary interest financial
"except to the extent of the reporting person's pecuniary interest."
Section 16 regulatory
"beneficial owner of the securities for purposes of Section 16, except"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the Morningstar (MORN) Form 3 filed by Daniel Mansueto report?
The Form 3 shows indirect ownership of Morningstar common stock by trusts associated with Daniel Mansueto, who is reported as a more than 10% owner. It identifies grantor retained annuity trusts and a separate trust, with detailed footnotes on his roles and ownership status.
Does the Morningstar (MORN) Form 3 show any stock purchases or sales by Daniel Mansueto?
No. The Form 3 lists entries as holding records of Morningstar common stock rather than explicit purchases or sales. The transactions have no buy or sell codes, and the summary data indicate no reported buy or sell activity, only indirect trust-held positions.
What is Daniel Mansueto’s insider status at Morningstar (MORN) in this Form 3?
The reporting information identifies Daniel Mansueto as a more than 10% owner of Morningstar, Inc. He is not listed as a director or officer in this filing. His reported holdings are indirect, through various trusts, with explicit beneficial ownership disclaimers.